Given the following data:
fixed cost = $100
selling price = $5 each
labor cost/unit = $1
material cost/unit = $1
overhead cost/unit = $1
find the profit or loss if the volume is 100 units

A. $ 100 loss
B. $ 10 loss
C. $ 100 profit
D. None of these is correct
E. $ 200 profit

Q&A Education