1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crank
3 years ago
7

Pacific Company sells only one product for $ 12 per​ unit, variable production costs are $ 3 per​ unit, and selling and administ

rative costs are $ 1.50 per unit. Fixed costs for 11 comma 000 units are $ 6 comma 000. The operating income is​ ________ when 11 comma 000 units are sold.
Business
2 answers:
AveGali [126]3 years ago
4 0

Answer: The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

Explanation:

Selling price = $12 / unit

Variable cost of production = $3 / unit

Selling and Admin cost = $1.5 / unit

Fixed cost for 11 comma 000 units are $ 6 comma 000.

For 11 comma 000 units,

Sales  = 12 x 11000 = $132000

cost of production = 3 x 11000 = $33000

Selling and Admin cost = 1.5 x 11000 =$16500

Fixed cost = $6000

Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost

Operating income = 132000 - 33000 - 16500 - 6000 = $76,500

The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

Readme [11.4K]3 years ago
4 0

Answer:

$76500

Explanation:

selling income per unit = $12

variable production cost per unit = $3

selling and admin cost per unit = $1.5

fixed cost = $6000

total units produced = 11000

To calculate the operating income

Total selling income = $12 * 11000 = $132000

Total variable cost = $3 * 11000 = $33000

total selling and admin cost = $1.5 * 11000 = $16500

fixed cost = $6000

= (Total selling income ) - (total variable production cost - total selling and admin cost - fixed cost )

= 132000 - 33000 - 16500 - 6000 = $76500

You might be interested in
What is the role of the Federal Reserve in the U.S. economy?
lys-0071 [83]

Answer: The correct answer:

A. Managing monetary policy.

5 0
2 years ago
If a contract involves a significant financing component:____________.
Pavel [41]

Answer:

The time value of money is used to determine the fair value of the transaction ( B )

Explanation:

If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.

therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

7 0
3 years ago
Read 2 more answers
The minimum wage in 2008 was $6.55 cents until july 2008 when it was raised to $7.25. if the minimum wage in june was below the
eimsori [14]
<span>The answer in the blank is that employment of low-skilled workers increased in July. This is because the rate of the minimum wage increased by July compared to that of June. So there will be more employment process due to the increase of the salary, because more skilled workers wants to grab the opportunity of the increased salary.</span>
7 0
3 years ago
Describe a real or made up but realistic example of a product that went through a time of scarcity, when demand was greater than
Sidana [21]
A car a bed or a bathtub
8 0
3 years ago
Read 2 more answers
Calculating the price elasticity of supply.
alekssr [168]

Answer:

Explanation:

W1= 30             W2 =50

Q1 = 6              Q2 = 16

Elasticity of supply = (16-6) / (50-30) * (50+30) / (6+16)

 = (10/20) * (80/22) =80/44= 1.82

5 0
3 years ago
Other questions:
  • Consider the single factor APT. Portfolio A has a beta of 0.5 and an expected return of 12%. Portfolio B has a beta of 0.4 and a
    11·1 answer
  • An investor holds two bonds, one with 5 years until maturity and the other with 20 years until maturity. Which of the following
    9·1 answer
  • refers to a system under which a country's currency is nominally allowed to float freely against other currencies, but in which
    8·1 answer
  • The adjusting entry to record accrued revenue a.differs from the journal entry to record revenue on account. b.includes a debit
    15·1 answer
  • What is the production​ function? The production function is the relationship between
    13·1 answer
  • Piper Corporation’s standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company work
    6·1 answer
  • By purchasing stock, you then become part owner of the company.<br><br> True <br> False
    11·1 answer
  • When looking for pre-approval on a car loan you should... select the loan that has the longest repayment period. get a loan from
    10·1 answer
  • Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made th
    15·1 answer
  • A developer of a new planned unit development (PUD) has gathered the following market information for University City. The devel
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!