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Chesterfield construction has the following costs per year: Rent Insurance Van loan Builders wages Raw materials a) What are the total fixed costs? b)

Chesterfield construction has the following costs per year: Rent Insurance Van loan Builders wages Raw materials a) What are the total fixed costs? b) What are the total variable costs? c) What are the total costs? 45000 3000 4000 19000 40000 d) What are variable costs as a percentage of total costs? 2 marks 2 marks 2 marks 2 marks

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