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At full capacity output of 24,000 units, a firms costs are as follows: managers salaries 48,000 materials 12,000 rent and rates 24,000 piece-rate labour 36,000

At full capacity output of 24,000 units, a firms costs are as follows:

managers salaries

48,000

materials

12,000

rent and rates

24,000

piece-rate labour

36,000

What are the firms total costs at 20,000 units?

What profit will be made at 20,000 units if the selling price is 6?

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