Question
A manufacturing firm produces three products: P, Q, and
R. What is the total revenue generated from these products in a month? Statements: I: The firm sells Product P for $400, with production costs of $250. The firm sells Product Q for $600, with production costs of $400. The firm sells Product R for $800, with production costs of $600. In a month, the firm sells 300 units of P, 250 units of Q, and 200 units of R. II: The firm has an overhead cost of $20,000 per month that is allocated equally across all products. III: The total number of units sold for all products combined is 750, and the firm expects a 15% increase in sales next month.Solution
Statement I: Revenue from Product P = $400 * 300 = $120,000. Revenue from Product Q = $600 * 250 = $150,000. Revenue from Product R = $800 * 200 = $160,000. Total revenue = $120,000 + $150,000 + $160,000 = $430,000. Sufficient. Statement II: This gives information about overhead costs, but it does not provide a figure for total revenue. Not sufficient. Statement III: This indicates total units sold and future expectations but does not lead to a current total revenue figure without specifics on pricing. Not sufficient. The answer is A.
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