Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. widget co. has the following variable costs per un

Widget Co. has the following variable costs per unit for the widgets that it sells...

90.2K

Verified Solution

Question

Accounting

Widget Co. has the following variable costs per unit for the widgets that it sells for 10 dolars each: Direct Materials of 2 dollars, Direct Labor of 5 dollars, and Manufaturing Overhead of 1 dollar. It also has fixed monthly costs of 2,000 dollars. How many widgets does the company have to sell to earn a profit of 5,000 dollars for the month?

Select the correct answer

3,500

7,000

1,000

2,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

= On January 1, 2016, Worthylake Company sold used machinery to Brown Company, accepting a $25,000, non-interest-bearing...

Accounting
Q

25 year old person with complaints like chest pain. She is also experiencing fever, congestion. She...

Biology
Q

How is the replication of the viral genome of retroviruses unique among the viruses? Essay question I...

Biology
Q

Discuss the structure of financial statements and how they interact with each other. Why is a...

Accounting
Q

A seismic instrument (a mass connected to a spring and a damper) is employed to record...

Mechanical Engineering
Q

consider a fuel cell operating at 800 degrees Celcius, and 1 atm. In the cathode, humidified...

Mechanical Engineering
Q

The speed of a swimmer in still water is 20 m s The speed of...

Physics
Q

Jacket Frenzy is a small clothing manufacturer, specializing in creating custom, one-of-a-kind jackets. They exclusively...

Accounting
Q

Current Attempt in Progress Post the following February journal entries to the general ledger and...

Accounting
Q

4. Who has the SEC given responsibility to for setting generally accepted accounting principles (GAAP)...

Accounting
Q

Phoenix Corporation acquired the business Sun Systems for $315,000 cash and assumed all liabilities at...

Accounting
Q

Howell Petroleum, Incorporated, is trying to evaluate a generation project with the following cash flows:...

Finance