SOLUTION: The CALC Company makes basic scientific calculators. Each calsulator costs $2.75 to produce. The fixed costs of production are $11,500 per month. These calculators sell for $10.25
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Question 133150This question is from textbook Fundamentals of Algebric Modeling
: The CALC Company makes basic scientific calculators. Each calsulator costs $2.75 to produce. The fixed costs of production are $11,500 per month. These calculators sell for $10.25 each. If the company produces and sells 450,000 calculators in February, find the profit or loss for the month of February.
This question is from textbook Fundamentals of Algebric Modeling
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
11,500+2.75*450,000
11,500+1,237,500=1,249,000 cost of production.
10.25*450,000=4,612,500 selling price.
4,612,500-1,249,000=$3,363,500 is the profit for manufacturing & selling 450,000 calculators.
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