Question

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

Answer 1

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