Kelvin CoProduces and Sells Socks

question 37

Multiple Choice

Kelvin Co.produces and sells socks.Variable costs are $4 per pair,and fixed costs for the year total $90,000.The selling price is $6 per pair.The sales dollars required to make a before-tax profit of $10,000 are:

• A)$300,000.
• B)$309,000.
• C)$276,000.
• D)$306,000.
• E)$312,000.

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Definitions:

Work Teams

Groups of employees who collaborate on projects or tasks to achieve common objectives.

On Time Delivery

The process of providing goods or services to customers at the agreed-upon time without delay.

Informal Networks

Unofficial channels of communication and interpersonal connections within an organization or community, which can influence decision-making and information flow.

Training and Development

A systematic process to enhance the knowledge, skills, and capabilities of employees to improve their job performance.