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Andrew [12]
3 years ago
14

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th

e materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month wasMultiple Choice$4,300.$6,200.$7,500.$10,500.$18,000.
Business
1 answer:
Scorpion4ik [409]3 years ago
5 0

Answer:

$18,000.

Explanation:

The computation of the total revenue is shown below:

= Selling price per quilting kits × number of kits sold

= $120 × 150 kits

= $18,000

Simply we multiply the selling price and the number of kits sold so that the total revenue for the month can come.

All other information which is given is not relevant. Hence, ignored it

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For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate,
arsen [322]

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Explanation:

The cost today for a freshman at a public university is $19,500.

Inflation is at 7% a year and the period is 3 years from now. It is best to use a future value formula:

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3 0
3 years ago
Fixed costs equal $16,000, unit contribution margin equals $35, and the number of units sold equal 1,300. Operating income is __
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
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3 years ago
In (Noon) Company, direct materials are added at the beginning of the production process. Conversion costs are incurred evenly t
Aleksandr-060686 [28]

Answer:

Following are the responses to the given question:

Explanation:

Statement In December the computation of typical spoiling units shall be shown:

Particulars                                   Units

WIP Inventory Start on 12 January 2019      22,500

Departments began in December             76,700

Total stock available for both the month     99,200

Less: transferred units on 31 December 2019       72,500

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Inventory of Balance (Normal Spoilage units)        8,300

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3 years ago
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