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10-05-2016
Mathematics

Answered

Toni's fixed cost of making 150,000 toasters is $89,700. The average variable cost is $6.24 per toaster. What is the total cost per toaster to the nearest cent?

Verified Answer :

JagveerSINGH JagveerSINGH

10-05-2016

FC + VC(Q) = TC.

FC = Fixed Cost.

VC = Variable Cost.

Q = Quantity

TC = Total Cost.

Substitute the numbers and find the TC.

After finding the TC, divide it by 150000 to get the cost of toaster per second.

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