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30 January, 04:19

Billy's Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced. The average cost of production for each unit of output produced was $100. The price for each of the 275 units sold was $95. Total profit for Billy's Bean Bag Emporium would bea. - $3,875. b. $26,125. c. $28,500. d. $30,000.

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Answers (1)
  1. 30 January, 05:31
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    The correct answer is A) - $3,875

    Explanation:

    Total profit is equal to total revenue minus total costs

    Revenue

    Sales Revenue = 275 units sold x $95 sale price

    = $26,125

    Expenses

    Production costs = 300 units produced x $100 cost per unit

    = $30,000

    Total profit

    $26,125 - $30,000 = $-3,875
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Home » Social Studies » Billy's Bean Bag Emporium produced 300 bean bag chairs but sold only 275 of the units it produced. The average cost of production for each unit of output produced was $100. The price for each of the 275 units sold was $95.
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