Using the Following Information,what Is the Amount of Gross Profit

question 139

Multiple Choice

Using the following information,what is the amount of gross profit?

• A)$34,870
• B)$31,880
• C)$27,460
• D)$62,090

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Definitions:

Average Cost

The total cost of production divided by the number of units produced, reflecting the average expense per unit.

Standard Meals

Pre-defined, fixed meals that are regularly available in establishments like restaurants or cafeterias.

Producing

The process of creating goods or services.

Profit

The financial gain obtained when revenue from selling a product or service exceeds the costs of producing it.