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:

Supply

The total amount of a specific good or service that is available to consumers at a given price level in a given time period.

Demand

The measure of products or services that consumers are eager and equipped to purchase at varying prices during an established interval.

Increase in Demand

A rise in the quantity of a good or service that consumers are willing and able to purchase at each price point.

Quantity Supplied

The quantity of a product or service that sellers are prepared and capable of offering for sale at a specific price point.