Business, 06.11.2019 07:31, Fireburntbudder
Jamison paints makes and sells paint to home improvement stores. jamison's only plant can produce up to 12 million cans of paint per year. current annual production is 10 million cans. fixed manufacturing, selling, and administrative costs total $15 million per year. the variable cost of making and selling each can of paint is $6.00. stockholders expect a 15% annual return on the company's $40 million of assets
required:
what is jamison's current total cost of making and selling 10 million cans of paint? what is the current cost per can of paint?
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