The Selling Price of a Widget Is $15 and the Fixed

question 18

Multiple Choice

The selling price of a widget is $15 and the fixed cost per month is $4,800. The variable cost per widget is $9. Calculate the net income on sales of 850 units per month.

• A) $12,750
• B) $7,950
• C) $5,100
• D) $1,150
• E) $300

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Definitions:

Settlement Houses

Community centers located in urban areas that provide various services such as education and housing assistance, primarily to the poor.

Hull House

A settlement house founded by Jane Addams and Ellen Gates Starr in 1889 in Chicago, aimed at improving the lives of the immigrant poor.

Ad Hoc Committee

A temporary committee formed for a specific task or objective and dissolved after the completion of that task.

Task Group

A collection of individuals who come together to achieve a specific goal or complete a particular task, often within a limited timeframe.