A local toolmaker makes the best hammers on the market. The head ...

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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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[acc299]

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