FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chuck owns a factory that produces leather footballs. His total fixed cost equaled 7 0 thousand dollars last year. His total cost equaled 3 0

Chuck owns a factory that produces leather footballs. His total fixed cost equaled 70 thousand dollars last year. His total cost equaled 300 thousand dollars last year. Calculate Chuck's total variable cost.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Economics questions

Question

11.1. Describe key features of the DSM-5 anxiety disorders and explain how children might manifest these disorders differently across childhood and adolescence. Identify and give examples of some of...

Answered: 1 week ago

Question

★★★★★
Consider Brownings four options by listing the pros and cons of adopting each based upon the material given in the case study as well as your reading and general knowledge of information systems....

Answered: 1 week ago

Question

★★★★★
modify the code to plot the graphs for the attached problem % Givensxmin = e;X = linspace ( xmin , xmax, 2 0 1 ) ; % set number of points here % Point loads including support reactions % negative...

Answered: 1 week ago

Question

★★★★★
The following adjusted year-end trial balance at December 31 of Wilson Trucking Company. Cash Account Title Debit $ 6,000 Credit Accounts receivable: office supplies Trucks Accumulated...

Answered: 1 week ago

Question

★★★★★
Let's consider a binomial probability distribution. Go to https://stapplet.com/binom.html a.Enter p=.5 and n is equal to 4 then click 'plot distribution'. What is the shape of the distribution (for...

Answered: 1 week ago

Question

★★★★★
The marks on a statistics midterm test are normally distributed with a mean of 75 and a standard deviation of 4. a. What proportion of the class has a midterm test mark that is less than 80? Round...

Answered: 1 week ago

Question

★★★★★
Winkin, Blinkin, and Nod are equal shareholders in SleepEZ, an S corporation. In the conditions listed below, how much income should each report from SleepEZ for 2023 under both the daily allocation...

Answered: 1 week ago

Question

★★★★★
Question 1 of 10. Which of the following should NOT be used as a source of contractor performance information? O Commercial companies O Open public forums Financial institutions Publications Mark for...

Answered: 1 week ago

Question

★★★★★
You have been appointed as the manager overseeing the operations of several subsidiaries in Latin America. You are posted to a country where drug trafficking and lawlessness are rampant. One day, a...

Answered: 1 week ago

Previous Question Next Question