Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be $40000. The selling price is set at $200 each. The following table shows the list of variable costs. (10 marks) Items Cost Metal sheets 15 Pins and screws 60 paints 35 From the given information above, calculate the following: a) Total Revenue

Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be $40000. The selling price is set at $200 each. The following table shows the list of variable costs. (10 marks) Items Cost Metal sheets 15 Pins and screws 60 paints 35 From the given information above, calculate the following: a) Total Revenue

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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