London Plastics has monthly fixed costs of $87,000, while its variable costs are $4.60 per unit. If the sales price of a unit is $14.00 and London Plastics sell 15,000 units, the company's average fixed costs per unit will be
A) $5.80 per unit.
B) $9.40 per unit.
C) $10.40 per unit.
D) $4.60 per unit.
Answer: A) $5.80 per unit.
You might also like to view...
Which of the following is NOT a guideline for responding to negative online reviews??
A) ?Avoid addressing negative aspects. B) ?Show appreciation for the feedback. C) ?Reinforce positive aspects of the feedback. D) ?Invite the customer to experience your product or service again.
Tests of operating effectiveness ordinarily include reperformance of the application of controls.
Answer the following statement true (T) or false (F)
Which of the following statements is FALSE?
A) Primary shares are new shares issued by the company. B) Today, investors become informed about the impending sale of stock by the news media, via a road show, or through the book-building process, so tombstones are purely ceremonial. C) In a cash offer, a firm offers the new shares to existing shareholders. D) Historically, intermediaries would advertise the sale of stock (both IPOs and SEOs) by taking out advertisements in newspapers called tombstones.
Because an indorsement is not required on bearer paper to deliver it, the indorsement has no
legal effect. Indicate whether the statement is true or false