### We've found 4 Heat And Electricity tests

Heat And Electricity
Intro to Chemistry – Flashcards 91 terms
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91 terms
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Brenda Gannon
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Heat And Electricity
Chapter 2 Chemistry (Openstax College) 57 terms
Matthew Carle
57 terms
Heat And Electricity Inorganic Chemistry
1.05 – Flashcards 30 terms
Pat Coker
30 terms
Nonmetals are good conductors of heat and electricity
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 are \$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 in quilting magazines, and \$4,500 for the monthly salary of its owner. If Forever Quilting sells 150 kits in a given month, its monthly profit will be: A) \$4,300. B) \$10,500. C) \$13,700. D) \$11,800. E) \$18,000.
A) \$4,300. Profit = total revenue – total cost = (unit price x quantity sold) – (fixed cost + variable cost) = \$18,000 – (\$6200 + \$7,500) = \$4,300. The variable cost is the labor and materials for each kit (\$5 + \$45) times the number of kits sold (150 kits) or \$50 x 150 = \$7,500. The fixed costs are \$1,000, \$200, \$500, and \$4500=\$6200. The profit is \$4,300 for the month.