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Greene's Toys produces and sells 4,000 dolls per month with the following costs: Variable costs: $1.25 per doll Fixed costs: $3,300 per month Greene recently
Greene's Toys produces and sells 4,000 dolls per month with the following costs:
Variable costs: | $1.25 per doll |
Fixed costs: | $3,300 per month |
Greene recently switched vendors and expects variable costs to rise by $0.80 per unit. However, with a new lease on the factory, Greene expects fixed costs to drop by $200 per month.
After making the changes, what is Greene's cost equation used to estimate total monthly costs?
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