Use the Table Below to Answer the Following Questions) -Calculate the Variable Cost When the Demand Is 60,000 Units

question 2

Multiple Choice

Use the table below to answer the following questions) .
In the spreadsheet below, there is data on the price, cost, demand, and quantity produced for an item. There are also different "what if" values that can help a manager to calculate costs and revenue with variability in demand. $$\begin{array} { | l | l | l | l | } \hline & \text { A } & \text { B } & \text { C } \\\hline 1 & \text { Profit Madel } & & \\\hline 2 & & & \\\hline 3 & & & \text { What } \text { if Demand } \\& \text { Data } & & \text { Values } \\\hline 4 & & & 20,000 \\\hline 5 & \text { Unit Price \$) } & 50 & 40,000 \\\hline 6 & \text { Unit Cost \$) } & 25 & 55,000 \\\hline 7 & \text { Fixed Cost \$) } & 550,000 & 60,000 \\\hline 8 & \text { Demand } & 60,000 & 65,000 \\\hline 9 & \text { Quantity Produced } & 55,000 & \\\hline 10 & & & \\\hline\end{array}$$
-Calculate the variable cost when the demand is 60,000 units.

• A) $1,430,000
• B) $1,375,000
• C) $2,750,000
• D) $1,320,000

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Stratigraphic Timeline

A chronological ordering of layered sedimentary rocks, representing the sequential events in the Earth's geologic history.

Mesozoic Era

A major subdivision of geologic time from 251 million years ago (Ma) to 65 Ma; characterized by dinosaurs.

Jurassic Period

A geologic period and system that occurred about 201 to 145 million years ago, known for the prevalence of dinosaurs and the breakup of the supercontinent Pangea.

Numeric Age

Geologic age of a rock, sediment, fossil, or event calculated in thousands, millions, or billions of years before present; synonym: absolute age.