Using the Variable Cost Concept Determine the Selling Price for 30,000

question 77

Multiple Choice

Using the variable cost concept determine the selling price for 30,000 units using the following data: Variable cost per unit $15.00, total fixed costs $90,000 and desired profit $150,000.

• A) $10
• B) $15
• C) $8
• D) $23

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Definitions:

Marketing Problems

Challenges faced by marketers in effectively reaching and persuading potential customers to purchase a product or service.

Collect Relevant Information

Involves gathering necessary and appropriate data that is significant to the decision-making process in a business or research context.

Marketing Research Approach

A methodology used to gather, analyze, and interpret data about a market, including information about target audiences, competitors, and the effectiveness of marketing strategies.

Time Frame

A specific period during which an event occurs or an objective is supposed to be achieved.