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Law Incorporation [45]
3 years ago
14

A firm expects to sell 26,100 units of its product at $14 per unit. Pretax income is predicted to be $61,100. If the variable co

sts per unit are $7, total fixed costs must be:
a. $304,300.
b. $365,400.
c. $95,500.
d. $121,600.
e. $182,700.
Business
2 answers:
bija089 [108]3 years ago
3 0

Answer:

d. $121,600

Explanation:

The total sales revenue = 26100 * 14 = $365400

Out of this revenue figure, 61100 is the profit figure which means the total costs are 365400 - 61100 = $304,300

The variable costs amount to = 7 * 26100 = $182700

As we know that the total cost is made up of both fixed and variable costs, the fixed costs will then be,

Fixed cost = Total cost - Variable cost

Fixed Cost = 304300 - 182700 = $121,600

g100num [7]3 years ago
3 0

Answer: $121,600

Explanation:

Given the following;

Number of units = 26,100

Cost per unit = $14

Pretax income = $61,100

Variable cost = $7

Pretax income represents an organization's profif after deducting all operating expenses before except income tax.

Total revenue from sales = $14 × 26,100 = $365,400

If Total revenue from sales = $365,400

and profit accrued after deducting operating expenses = $61,100.

cost of production can be found by;

Total revenue from sales - Pretax income

$365,400 - #61,100 = $304,300

Total cost = $304,300

Using the formula :

Total cost = variable cost + fixed cost

Variable cost = $7 ×26,100 = $182,700

Fixed cost = $304,300 - $182,700 = $121,600

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