If Targeted Sales Are 12,000 Units,the Sales Price Per Unit

question 145

True/False

If targeted sales are 12,000 units,the sales price per unit is $70,fixed costs are $130,000,and variable costs are $40 per unit,then planned profit must be $360,000.

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Definitions:

Oranges

A citrus fruit known for its round shape and bright orange skin, commonly processed for juice or eaten fresh.

Comparative Advantage

The skill of an entity—be it an individual, a company, or a country—to deliver a good or service more efficiently, incurring lower opportunity costs, than competing parties.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the competition.

Orange Production

The production process of growing and harvesting oranges, primarily for consumption as fruit or for juice production.