Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 700 mufflers were replaced. Muffler Replacements 600 700 800 Total costs: Fixed costs ..................................................................................................... a $56,000 b Variable costs .................................................................................................. c 28,000 d Total costs .................................................................................................. e $84,000 f Cost per muffler replacement: Fixed cost ....................................................................................................... g h i Variable cost ................................................................................................... j k l Total cost per muffler replacement ............................................................... m n o Required: Fill in the missing amounts, labeled ( a ) through ( o ), in the table.
Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 700 mufflers were replaced.
Muffler Replacements
600 700 800
Total costs:
Fixed costs ..................................................................................................... a $56,000 b
Variable costs .................................................................................................. c 28,000 d
Total costs .................................................................................................. e $84,000 f
Cost per muffler replacement:
Fixed cost ....................................................................................................... g h i
Variable cost ................................................................................................... j k l
Total cost per muffler replacement ............................................................... m n o
Required: Fill in the missing amounts, labeled ( a ) through ( o ), in the table.
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