Problemsouthwest us campus book store sells course packs, Ask an Expert

Accounting

Problem:

Southwest U's campus book store sells course packs for $17 each, the variable cost per pack is $7, fixed costs to produce the packs are $200,000, and expected annual sales are 43,000 packs.

Required:

Question: What are the pre-tax profits from sales of course packs?

Select one:

a. $218,500
b. $257,600
c. $232,300
d. $223,100
e. $230,000

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169775

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