Question

A manufacturing firm produces three products: P, Q, and

Q: Answer-A manufacturing firm produces three products: P, Q, and R. What is the total revenue generated from...

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.

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.

A Only Statement I alone is sufficient.

B Only Statement II alone is sufficient.

C Only Statement III alone is sufficient.

D Statements I and II together are sufficient.

E All statements together are needed.

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A manufacturing firm produces three products: P, Q, and

Solution