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Total costs for Gaugin's Tahitian Souvenirs were $1,200,000 and 340,000 units were produced. The variable cost per unit was $2.60. If Gaugin's Tahitian Souvenirs produces 380,000 units next year, what will be the total fixed cost? Round to the nearest penny, if necessary. $316,000 $353,400 $141,176 $353,176 $515,837

Total costs for Gaugin's Tahitian Souvenirs were $1,200,000 and 340,000 units were produced. The variable cost per unit was $2.60. If Gaugin's Tahitian Souvenirs produces 380,000 units next year, what will be the total fixed cost? Round to the nearest penny, if necessary. $316,000 $353,400 $141,176 $353,176 $515,837

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Total costs for Gaugin's Tahitian Souvenirs were $1,200,000 and 340,000 units were produced. The variable cost per unit was $2.60. If Gaugin's Tahitian Souvenirs produces 380,000 units next year, what will be the total fixed cost? Round to the nearest penny, if necessary. $316,000 $353,400 $141,176 $353,176 $515,837
Transcribed Image Text:Total costs for Gaugin's Tahitian Souvenirs were $1,200,000 and 340,000 units were produced. The variable cost per unit was $2.60. If Gaugin's Tahitian Souvenirs produces 380,000 units next year, what will be the total fixed cost? Round to the nearest penny, if necessary. $316,000 $353,400 $141,176 $353,176 $515,837
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