Figure 8-2
Lewis Production Company Had the Following Projected Information

question 40

Multiple Choice

Figure 8-2
Lewis Production Company had the following projected information for 2011: $\begin{array}{lr}\text { Selling price per unit } & £ 150 \\\text { Variable cost per unit } & £ 90 \\\text { Total fixed costs } & £ 300,000\end{array}$
-Refer to Figure 8-2. What is the profit when one unit more than the break-even point is sold?

• A)£150
• B)£60
• C)£1,500,150
• D)£600,060

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Definitions:

Assets

Resources owned by a company or individual, having economic value and expected to provide future benefits.