A Company Has Monthly Fixed Costs of $112,000

question 74

Multiple Choice

A company has monthly fixed costs of $112,000.The variable costs are $5.00 per unit.If the sales price of a unit is $20.00 and we sell 8,000 units,the total sales revenue will be:

• A)$160,000.
• B)$120,000.
• C)$112,000.
• D)$ 8,000.

---

Definitions:

Contingency Table

A chart utilized in statistics to represent the association among multiple categorical variables.

Degrees of Freedom

The number of independent values or quantities which can be freely assigned in a statistical calculation, typically influencing the shape of various distributions.

Test Statistic

A value calculated from sample data during a hypothesis test, used to decide whether to reject the null hypothesis.

P-Value

Represents the probability that the observed data would occur under the null hypothesis, used as a tool to determine the statistical significance of the results.