Output Total cost($) 200 7,000 300 8,000 400 9,000 Required: 1. Find the variable cost 2. Find the fixed cost 3. Estimate the total cost if output is 350 units
Output Total cost($) 200 7,000 300 8,000 400 9,000 Required: 1. Find the variable cost 2. Find the fixed cost 3. Estimate the total cost if output is 350 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Output Total cost($)
200 7,000
300 8,000
400 9,000
Required:
1. Find the variable cost
2. Find the fixed cost
3. Estimate the total cost if output is 350 units
4. Estimate the total cost if output is 600 units
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