Sparkle Jewelry Sells 500 Units Resulting in $10,000 of Sales

question 132

Multiple Choice

Sparkle Jewelry sells 500 units resulting in $10,000 of sales revenue, $4,000 of variable costs, and $1,500 of fixed costs. Calculate the variable cost per unit. (Round the final answer to the nearest cent.)

• A) $12.00
• B) $6.00
• C) $2.00
• D) $8.00

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Definitions:

Independent Variables

Variables in an experiment or study that are manipulated or changed to determine their effects on dependent variables.

Times Series Models

Statistical techniques used to analyze time-ordered data points, often to forecast future trends or patterns based on historical data.

Future Demand

Anticipated customer need or desire for products or services in the future, guiding production and marketing strategies.

Forecasting Demand

The process of estimating the future demand for products or services based on historical data, trends, and analysis of market conditions.