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Smithdale Ltd. has the following cost information available for various months of production: 10 points each, 70 points total May June July Units 20,000 15,000
Smithdale Ltd. has the following cost information available for various months of production: 10 points each, 70 points total May June July Units 20,000 15,000 40,000 Sales Revenues $400,000 $300,000 $800,000 Expenses (250,000) (500,000) (300,000) 100,000 Net Income (loss) 50,000 300,000 (Note: Round to two decimal places if necessary) a. What is the sales price per unit? b. Determine the variable cost per unit C. Determine the fixed cost d. What is the cost equation for Smithdale e. What is the profit equation? f. Estimate the total cost for 80,000 units of production g. Estimate the total profit for 80,000 units of production
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