Ask Question
18 July, 19:41

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc - casions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. If Gina sells 20 shirts, what will her total revenue be? What will her total variable cost be?

+4
Answers (1)
  1. 18 July, 22:48
    0
    Total revenue = $300

    Total variable cost = $160

    Explanation:

    The computation is as follows:

    The total revenue equal to

    = Number of shirts sold * selling price per shirt

    = 20 shirts * $15

    = $300

    And, the variable cost equal to

    = Number of shirts sold * materials used in one shirt

    = 20 shirts * $8

    = $160

    The material used in one shirt is treated as a variable cost per shirt
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc - casions. Since she has just begun ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers