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Author Question: A local toolmaker makes the best hammers on the market. The head of the hammer costs $12.11 and the ... (Read 174 times)

acc299

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Question 1

A company that makes customized pens has calculated their revenue and costs as follows for the most recent fiscal period:

Sales $100 000
Costs:
Fixed Costs $???????
Variable Costs 15 000
Total Costs ???????
Net Income (Loss) $(20 000)

What are the company's fixed costs per fiscal period?
◦ $85 000
◦ $115 000
◦ $120 000
◦ $105 000
◦ $80 000

Question 2

A local toolmaker makes the best hammers on the market. The head of the hammer costs $12.11 and the handle costs $4.37. It takes 1.4 minutes to assemble the hammer and the hourly cost is $90.00 for assembly time. The company has fixed operating costs of $22 310 per month. They sell the hammers for three times their total variable cost. The company wants to make a monthly profit of $5000. How many hammers must they sell?
◦ 768
◦ 776
◦ 735
◦ 796
◦ 766


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Marked as best answer by acc299 on Jun 7, 2019

jaaaaaaa

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