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The following costs relate to Muffin Bag Company for a relevant range of up to...

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Accounting

The following costs relate to Muffin Bag Company for a relevant range of up to 18,000 units annually:
Variable Costs:Direct materials$1.25Direct labor0.75Manufacturing Overhead1.00Selling and administrative1.00Fixed Costs:Manufacturing overhead$36,000Selling and Administrative$18,000
Muffin Bag sells each unit for $10.00.
Which of the following equations best describes the equation to determine total profit for a sales volume of 14,400 units, where X equals the number of units sold?
Select one:
a.
Profit = $10.00X
b.
Profit = $54,000+ $4.00X
c.
Profit = $10.00X ($54,000+ $4.00X)
d.
Profit = $10.00X ($18,000- $4.00X)

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