The Vector Gives the Number of Units of Two

question 97

Multiple Choice

The vector gives the number of units of two models of laptops produced by a company.The vector gives the prices (in dollars) of the two models of laptops, respectively.Use dot products to determine the revenue for these two laptops if the price of each is increased by 6%.

• A)$7,664,400
• B)$7,791,300
• C)$7,918,200
• D)$7,723,800
• E)$7,768,800

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Definitions:

Work in Process Inventory

The expenses associated with goods that are still in the manufacturing stage, encompassing wages, raw materials, and indirect costs.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials used in creating the good along with the direct labor costs used to produce the good.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period, indicating its profitability.

Indirect Labor

Labor costs associated with the support work of producing a product or providing a service, not directly involved in the active manufacturing or service delivery process.