The Following Spreadsheet Shows the Production and Sales Data for a Particular

question 15

Multiple Choice

The following spreadsheet shows the production and sales data for a particular product.Use the data to answer the question(s) below.
-What is the total cost of the product?

• A)$7,320,000
• B)$4,580,000
• C)$3,600,000
• D)$12,030,000

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Definitions:

Payroll Tax Payments

Payments made based on wages and salaries to fund social security, healthcare, and other government benefits.

Social Security Retirement System

A government program that provides retirement, disability, and survivors benefits, funded by payroll taxes.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Social Security Trust Fund

A governmental fund that collects payroll taxes to provide retirement, disability, and survivors' benefits.