. Given the following fixed and variable costs and the volumes, calculate the total andunit costs. FixedVariableVolumeTotalUnitcostcost(units)costcost$200.00$8.00100$200.00$7.001000$50.00$15.0050$800.00$2.002000$500.00$20.00500

Total cost is the sum of fixed and variable costs. Unit cost is obtained on dividing total cost by…

Answered: Fixed Variable Volume Total Unit cost…

Fixed Variable Volume Total Unit cost cost (units) cost cost $200.00 $8.00 100 $200.00 $7.00 1000 $50.00 $15.00 50 $800.00 $2.00 2000 $500.00 $20.00 500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

. Given the following fixed and variable costs and the volumes, calculate the total and
unit costs.

Fixed
Variable
Volume
Total
Unit
cost
cost
(units)
cost
cost
$200.00
$8.00
100
$200.00
$7.00
1000
$50.00
$15.00
50
$800.00
$2.00
2000
$500.00
$20.00
500

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