Question 34 Let Q = quantity produced, P = selling price per unit, VC = variable...
Question 34
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Let Q = quantity produced, P = selling price per unit, VC = variable cost per unit, and TFC = total fixed cost. Which of the following equations is correct?
Profit = Q × (P – VC) + TFC
a. Profit = Q × (P – VC) - TFC
Profit = Q × (P – VC – TFC)
Profit = Q × (P – VC + TFC)
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Question 35
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The Hancock Corp. plans to sell its products for $100 each. Its variable cost per unit = $80, and its fixed costs for the year = $100,000. What level of sales will Hancock need to break even?
1,000 units
5,000 units
10,000 units
20,000 units
Homework Answers
Answers:
1) Profit = Q*(P-VC) -TFC
2) 5,000 Units
Profit Equation = Quanitity/( Selling price - Variable cost per unit ) - Total fixed cost
Profit = Q*( P-VC) -TFC
Break Even Units = Fixed cost / ( Selling price - Varaible cost ) = 100,000 /(100-80) = 5000 Units
Add Answer to:
Question 34
Let Q = quantity
produced, P = selling price per unit, VC = variable...
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