Brenda’s boards manufactures skateboards. each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. what is the total revenue the company makes after selling 10 boards?

The total revenue generated by the company is $300.

Further Explanation:

Total Sales is the value of the goods to be sold in a particular period by the company. It represents the total sales value.

Total Cost includes all the expenses incurred in manufacturing a good. It includes direct and indirect costs. Direct cost is those costs which directly related to the manufacturing of the goods. For example, direct labor and direct raw material cost. Indirect cost is those cost which is not direct to the cost of produced goods. It can be apportioned according to the quantity of the product. For example, electricity used in manufacturing goods, rent paid all these costs are related to the indirect cost. The total cost can get by multiplying the per-unit cost with the units sold.

Total Revenue can be computed by the difference between the total sales and total cost. It means the profit generated by the business after deducting all the costs.

Thus the company generated $300 revenue after selling 10 skateboards.

Learn more:

1.Learn more about the cost

2.Learn more about the profit

3.     Learn more about the sale  

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Cost and Revenue  

Keywords: total sales, total revenue, direct cost, indirect cost, per unit cost, profit generated, represents total sales value, labor cost, product cost, total cost.  

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