Smith Corporation has variable costs equal to $5.10 per unit, fixed costs of $11,000, and total output equal to 240 units. What is the total cost?
Question
Solution 1
To calculate the total cost, we need to add the fixed costs to the variable costs multiplied by the total output.
Step 1: Calculate the total variable costs Variable costs per unit = $5.10 Total output = 240 units Total variable costs = Variable costs per unit * Total output Total variable costs = Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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