Solve the Problem $$R ( p ) = - 4 p ^ { 2 } + 1,910 p$$

question 65

Multiple Choice

Solve the problem.
-The manufacturer of a CD player has found that the revenue R (in dollars) is when the unit price is p dollars. If the manufacturer sets the price p to maximize revenue, $$R ( p ) = - 4 p ^ { 2 } + 1,910 p$$ what is the maximum revenue to the nearest whole dollar?

• A) $1,824,050
• B) $456,013
• C) $912,025
• D) $228,006

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Definitions:

Weighted-Average Cost Method

A method of costing inventory that determines the cost of goods sold and the value of the ending inventory by averaging the cost of all available units over the period.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units that could have been produced.

Conversion Costs

The combined costs of direct labor and overhead associated with transforming materials into finished goods.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period, weighted by the number of units.