IMA Shop Ltd Produces Three Products When Using Units as the Measure, What Proportion of the Data

question 32

Multiple Choice

IMA Shop Ltd produces three products. Cost, price, and volume data is shown below:
* Total Fixed Costs: $2,400
* Tax Rate: 30%
$$\begin{array} { | l | l | l | l | } \hline & \text { Chacolate Ice Creamn } & \text { Milkthale } & \text { Furger } \\\hline \text { Narmal Valume } & 300 & 150 & 200 \\\hline \text { Price per unit } & \$ 5 & \$ 7 & \$ 10 \\\hline \text { Var iable cast per unit } & \$ 2 & \$ 3 & \$ 4 \\\hline\end{array}$$ When using units as the measure, what proportion of the sales mix do milkshakes represent? Round to the nearest whole percent.

• A) 23%
• B) 46%
• C) 31%
• D) Cannot be determined.

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Definitions:

Club Meeting

A scheduled gathering of members of a particular group or organization to discuss issues, plans, or activities related to the group's interests.

Attendance

The act of being present at a particular place or event.

Persons

Refers to individuals or entities that are capable of possessing rights and duties.

Long-Run Equilibrium

A market condition where supply equals demand, all firms are maximizing profit, and no firm has an incentive to change its output.