Company fixed cost = $10 million = $10,000,000
Variable cost per pair = $5
Company charges each pair = $15
Hence the company makes $10 profit per pair
regardless the company fixed cost and only considering the variable cost.
Let subtract the variable cost per pair from the
company charging each pair = 15 - 5 = $10
Thus the company now makes $10 per pair, and it has
to sell 1,000,000 pairs of gloves to reach the break-even point. The break-even
point refers to the point where total cost and revenue are equal.
<span>Thus for 1,000,000 pairs, the company total earning =
10 x 1,000,000 = $10,000,000 = $10 million </span>
The answer is b. All numbers are natural numbers
360 square centimeters (?)
I hope I helped :-)
Answer:
45 mins
Step-by-step explanation:
The question is how much time should the painter spend on painting a doll for the costs to still be equal or lower to $24.50
We can make this equation, representing the raw materials + the painting job (at $18/h):
$11 + $18x = $24.50
18x = 13.50
x = 13.5 / 18 = 0.75
So, the painter should spend at most 3/4 of an hour (or 45 mins) painting a doll to keep the cost at or below $24.50 per doll.
