M Studios Retails Their Own Brand of Camera That They

question 68

Multiple Choice

M Studios retails their own brand of camera that they manufacture in their plant for $500. The plant capacity is 1,000 units per month and variable costs are $225 per camera. Total fixed costs for the year are $2.16 million. How many cameras must be sold per month to have a net income of $40,000?

• A) 850
• B) 900
• C) 800
• D) 750
• E) 825

Comprehend the process of urbanization and its implications for community life and social interaction.

Apply sociological theories to analyze demographic trends and their societal impacts.

Understand the concept of production in economics.

Understand the distinction between economic profit and accounting profit.

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Definitions:

Concurrent Control

A management function that involves monitoring and adjusting activities and processes in real-time to ensure they meet desired standards.

Normal Faulting

Normal faulting occurs when the crust is extended and a rock mass is displaced downward along a fault plane relative to another rock mass, due to tensional forces.

Regional Elevation

The average height of a specific area above sea level, which can influence climate, weather patterns, and habitat types.

Erosion

A natural process where material from the Earth's surface is worn away by natural agents such as water, wind, or ice.