A Firm Is Reviewing a Project with a Labor Cost

question 18

Multiple Choice

A firm is reviewing a project with a labor cost of $18.90 per unit,raw materials cost of $21.63 a unit,and fixed costs of $8,000 a month.Sales are projected at 7,200 units total for the 3-year life of the project.What are the total variable costs per year?

• A)$106,300
• B)$99,300
• C)$97,272
• D)$103,300
• E)$109,300

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Definitions:

Ethics

Ethics is the branch of philosophy that deals with questions about morality, values, and principles of right and wrong behavior.

Responsibility

The obligation to carry out duties or tasks effectively and being accountable for the outcomes.

Intercultural Communication Skills

The ability to communicate effectively and appropriately with people of other cultures, understanding cultural differences in verbal and non-verbal communication.

Cultural Biases

Refers to the prejudices or predispositions toward certain cultures or cultural practices, often stemming from one's own cultural background.