Ask Question
17 August, 05:42

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc - casions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. If Gina sells 20 shirts, what will her total revenue be? What will her total variable cost be?

+4
Answers (1)
  1. 17 August, 08:27
    0
    Total revenue = $300

    Total variable cost = $160

    Explanation:

    The computation is as follows:

    The total revenue equal to

    = Number of shirts sold * selling price per shirt

    = 20 shirts * $15

    = $300

    And, the variable cost equal to

    = Number of shirts sold * materials used in one shirt

    = 20 shirts * $8

    = $160

    The material used in one shirt is treated as a variable cost per shirt
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc - casions. Since she has just begun ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers