Reference no: EM133119211
Question - We have been asked to analyze our toy products by price (from $10.00 to $13.00 by 0.25) and quantity (from 3,000 to 30,000 by 3,000).
Fixed Cost = $94,550
Material cost per toy = $4.77
Labor cost per toy = $3.17
When the profit = $1,210, what was the quantity produced and the price per toy?
a. 24,000 toys @ $12.00 each
b. 21,000 toys @ $12.50 each
c. 21,000 toys @ $12.75 each
d. 15,000 toys @ $11.00 each
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