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Question - Use the data given below to answer Question
Unit Price ($) 60
Unit Cost ($) 45
Fixed Cost ($) 450,000
Demand 70,000
Quantity Produced 65,000
Required -
a) Calculate the total revenue when the quantity produced is 65,000, and the demand is 70,000.
b) Calculate the variable cost when the demand is 70,000 units.
c) Calculate the total cost when the demand is 60,000.
d) Calculate the total profit when the demand is 30,000.
e) Calculate the net profit when the demand is 75,000.
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