Explanation Given : The variable cost is $45 per item and fixed cost is $405,000. Calculation: The total cost is given by the formula C = a x + b , where a x is variable cost and b is the fixed cost. Substitute 45 for a , 1 for x and 405000 for b in

7th Edition

ISBN: 9781524971434

Author: SMITH

Publisher: KENDALL/HUNT PUBLISHING

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Question

Chapter 1.1, Problem 31PS

To determine

The average cost of one item if the variable cost is $45 per item.

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Chapter 1.1, Problem 30PS

Chapter 1.1, Problem 32PS

Chapter 1 Solutions

CALCULUS SPEC ED CHAP 5-8,11,12,14 W/A

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The average cost of one item if the variable cost is $45 per item.

Solution Summary: The author explains that the average cost of one item is 405,045 if the variable costs 45 per item and the fixed costs are 405,000.

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The average cost of one item if the variable cost is $45 per item.

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Chapter 1 Solutions