Joshua Company Produces and Sells a Product That Has Variable

question 56

Multiple Choice

Joshua Company produces and sells a product that has variable costs of $7 per unit and fixed costs of $200,000 per year.If production increases from 20,000 units to 25,000 units, the unit cost will _____.

• A)increase by $35,000
• B)decrease by $8 per unit
• C)decrease by $2 per unit
• D)not change

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Definitions:

Traditional Christian Society

A community or society that adheres to Christian teachings and practices as they have been traditionally understood and followed, often emphasizing historical doctrines and morality.

Businesses

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

Morality of Employees

The principles concerning the distinction between right and wrong or good and bad behavior as demonstrated by employees in a workplace setting.

Arthur Tappan

A prominent 19th-century American abolitionist and businessman known for his involvement in anti-slavery movements and the founding of the American Anti-Slavery Society.