Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ferric chemicals, inc. has fixed costs of $30,000

Ferric Chemicals, Inc. has fixed costs of $30,000 per month. The highest production volume during...

90.2K

Verified Solution

Question

Accounting

Ferric Chemicals, Inc. has fixed costs of $30,000 per month. The highest production volume during the year was in January when 100,000 units were produced, 75,000 units were sold, and total costs of $640,000 were incurred. In June, the company produced only 60,000 units. What was the total cost incurred in June? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.)

A. $366,000

B. $396,000

C. $640,000

D. $670,000

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

should your ethical policies be aligned with your social responsibilities as an organization explain

Accounting
Q

The Alien Ethnographer Imagine that you are an ethnographer from a different planet. As part of...

Psychology
Q

Psychology 150 What does it mean to be a Child from different cultures? This has come up...

Psychology
Q

Which are in your opinion the key success factor in the Supply Chain model of INDITEX? ?...

General Management
Q

EXPLAIN, EXAMPLE OF A COMPANY IN ALLIANCE STRATEGY OF SLOW CYCLE MARKET

General Management
Q

(1)        The standard costs of wooden ducks on wheels, for the CURRENT year, for 5 mm board...

Accounting
Q

A researcher collects a large number of birds and measures the sizes of their beaks....

Biology
Q

6 In contrast to traditional treatment planning person centered planning focuses on O O O...

Biology
Q

True O False Question 8 The eight elements of reasoning are not just fundamental they...

Geometry
Q

3 Sketch a 270 angle include its initial and terminal side

Geometry
Q

L T X a L T system defined by the following table Answer parts a...

Calculus
Q

The function P x 2x 1525x 5000 gives the profit when x units of a...

Calculus