Using the Variable Cost Concept, Determine the Selling Price Per

question 161

Multiple Choice

Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data:​Variable cost per unit $15Total fixed costs $90,000Desired profit $150,000Round to the nearest dollar.

• A) $10
• B) $15
• C) $8
• D) $23

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Definitions:

Bargaining Power

The capacity of one party to dominate negotiations due to their leverage or advantage over the other party.

Economic System

The method by which societies or governments organize and distribute available resources, goods, and services across a community or country.

Exclusive Union

A labor union agreement where the employer agrees to hire and negotiate only with one union.

American Medical Association

A professional association for physicians and medical students in the United States aimed at advancing public health, medical education, and standards of care.