Question

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of the materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month was

Answer 1

total revenue for the month = $18000

Step-by-step explanation:

given data

makes quilting kits priced = $120 each

materials each kit total = $45

labor to assemble a kit = $5

rent and insurance = $1,000

heat and electricity = $200

advertising = $500

monthly salary = $4,500

sold = 150 kits

to find out

total revenue for the month

solution

we get here total revenue for a company that will be here product of the price

and it charge for product and no of product it sell so It is nothing to do with cost

so now the total revenue for the month will be

total revenue = sold × makes quilting kits priced

total revenue = 150 × $120

total revenue for the month = $18000