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9 July, 17:21

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

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  1. 9 July, 17:43
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    total revenue for the month = $18000

    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
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