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diamong [38]
3 years ago
14

A firm is reviewing a project with labor cost of $9.00 per unit, raw materials cost of $25.25 a unit, and fixed costs of $13,000

a month. sales are projected at 11,000 units over the 3-month life of the project. what are the total variable costs of the project? $194,875 $389,750 $363,750 $277,750 $376,750
Business
1 answer:
MaRussiya [10]3 years ago
6 0

Answer:

$376,750

Explanation:

Firstly, eliminate unneeded information. This question asks for the costs of variable costs, or fees that can possibly change. Becuase of this, we can ignore the $13,000 a month fee, because this is not a variable cost, meaning that it is not going to change.

Secondly, multiply your variable costs to match the units needed. We have $9,000 a unit and $25,000. The estimate is 11,000 units, so set your equation up like so- (9,000 X 11,000) + (25,000 X 11,000) = $376,750.

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Answer:

affect nominal but not real variables. This view that money is ultimately neutral is consistent with classical theory.

Explanation:

This idea is held by classical economists (not by most economists) since they believe in the quantitative theory of money:

MV = PQ

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Classical theory was abandoned 90 years ago (according to classical theory, recessions were not possible and couldn't exist, but then the Great Depression came and the impossible became true). Neo-classical or monetarists appeared in the 1960s, and lately, neo-neo-classical appeared with George W. Bush. The problem with the quantitative theory is that it needs the following things to be true in order to hold, and empirical evidence over the last 90 years showed that none of them are true:

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5 0
3 years ago
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Nezavi [6.7K]
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shutvik [7]

Answer:

e. None of the above

Explanation:

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6 0
2 years ago
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8 0
3 years ago
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jasenka [17]

Answer:

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