Abs Health Club has the following cost equation: Total Costs = $40,000 + $80n, Where n =
Question:
Total Costs = $40,000 + $80n,
Where n = number of memberships.
a. Calculate Abs’s average fixed cost per membership when there are 1,000 memberships.
b. What is the average variable cost per membership when there are 1,000 memberships?
c. Calculate the average cost per membership when there are 1,000 memberships.
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a Average fixed cost 40000 ...View the full answer
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Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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