If the Selling Price Per Unit of a Product Is

question 70

True/False

If the selling price per unit of a product is $30, variable costs per unit are $20, and total fixed costs are $10,000 and a company sells 5,000 units, operating income would be $40,000.

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Definitions:

Id

A component of Sigmund Freud's psychoanalytic theory, representing the unorganized part of the personality structure that contains basic instinctual drives.

Ego

In psychoanalytic theory, the part of the mind that mediates between the conscious and unconscious and is responsible for reality testing and a sense of personal identity.

Superego

The component of the human psyche in Freudian psychoanalytic theory that holds internalized moral standards and ideals acquired from parents and society, governing over the ego.

Unconscious

The part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.