Atlas Electronics has fixed costs of $65,000 per month. The highest production volume during the year was in May when 180,000 units were produced, 160,000 units were sold, and total costs of $1,145,000 were incurred. In November, the company produced only 110,000 units. What was the total cost incurred in November?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....
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Atlas Electronics has fixed costs of $65,000 per month. The highest production volume during
the year was in May when 180,000 units were produced, 160,000 units were sold, and total
costs of $1,145,000 were incurred. In November, the company produced only 110,000 units.
What was the total cost incurred in November?
Transcribed Image Text:Atlas Electronics has fixed costs of $65,000 per month. The highest production volume during the year was in May when 180,000 units were produced, 160,000 units were sold, and total costs of $1,145,000 were incurred. In November, the company produced only 110,000 units. What was the total cost incurred in November?
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