Solved

Use the Table Below to Answer the Following Question(s) -Calculate the Total Revenue When the Quantity Produced Is 55,000

Question 6

Multiple Choice

Use the table below to answer the following question(s) .
In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand.  A  B  C 1 Profit Model 23 Data  What-If  Demand  Values 420,0005 Unit Price ($)  5040,0006 Unit Cost ($)  2555,0007 Fixed Cost ($)  550,00060,0008 Demand 60,00065,0009 Quantity Produced 55,00010\begin{array}{|l|l|l|l|}\hline & \text { A } & \text { B } & \text { C } \\\hline 1 & \text { Profit Model } & & \\\hline 2 & & & \\\hline 3 & \text { Data } && \begin{array}{l}\text { What-If } \text { Demand } \\\text { Values }\end{array} \\\hline 4 & & & 20,000 \\\hline 5 & \text { Unit Price (\$) } & 50 & 40,000 \\\hline 6 & \text { Unit Cost (\$) } & 25 & 55,000 \\\hline 7 & \text { Fixed Cost (\$) } & 550,000 & 60,000 \\\hline 8 & \text { Demand } & 60,000 & 65,000 \\\hline 9 & \text { Quantity Produced } & 55,000 & \\\hline 10 & & & \\\hline\end{array}
-Calculate the total revenue when the quantity produced is 55,000 and demand is 60,000.


A) $1,375,000
B) ($1,320,000)
C) $1,430,000
D) $2,750,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions