Question

A company that manufactuers small canoes has a fixed cost of $14,000. It cost $40 to produce each canoe. The selling price is $80 per canoe

Answer 1

Answer:

The company manufactures about 350 canoes, obtaining $ 28,000 after selling them all.

Step-by-step explanation:

Given that a company that manufactures small canoes has a fixed cost of $ 14,000, and it cost $ 40 to produce each canoe while the selling price is $ 80 per canoe, to determine the number of canoes that the company produces and the amount of money it makes after selling them, the following calculation must be carried out:

14/000 / 40 = X

350 = X

350 x 80 = 28,000

Thus, the company manufactures about 350 canoes, obtaining $ 28,000 after selling them all.