Multiple Choice
A firm produces 500 units per week.It hires 20 full-time workers (40 hours/week) at an hourly wage of $15.Raw materials are ordered weekly and they costs $10 for every unit produced. The weekly cost of the rent payment for the factory is $2,250.How do the overall costs breakdown?
A) total variable cost is $17,000;total fixed cost is $2,250;total cost is $19,250
B) total variable cost is $12,000;total fixed cost is $7,250;total cost is $19,250
C) total variable cost is $5,000;total fixed cost is $14,250;total cost is $19.250
D) total variable cost is $5,000;total fixed cost is $2,250;total cost is $7,250
Correct Answer:
Verified
Correct Answer:
Verified
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