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Sales price Estimated Sales Fixed cost Total cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $2 each. A. $880,000 B. $720,000 C. $1,760,000 D. $1,600,000 Fixed cost per unit Variable cost

Sales price Estimated Sales Fixed cost Total cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $2 each. A. $880,000 B. $720,000 C. $1,760,000 D. $1,600,000 Fixed cost per unit Variable cost

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sales Estimated Sales Fixed cost Total cost price $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $2 each. A. $880,000 B. $720,000 C. $1,760,000 D. $1,600,000 2003-2022 International Academy of Science. All Rights Reserved. ▬▬▬ ▬▬ a J 0 C 1 Fixed cost per unit (1 Variable cost ❖
Transcribed Image Text:Sales Estimated Sales Fixed cost Total cost price $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $2 each. A. $880,000 B. $720,000 C. $1,760,000 D. $1,600,000 2003-2022 International Academy of Science. All Rights Reserved. ▬▬▬ ▬▬ a J 0 C 1 Fixed cost per unit (1 Variable cost ❖
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