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

Question

00
1 Approved Answer

Julias Caf bakes croissants that are sold to local restaurants and supermarkets. When 600 croissants are baked, the average cost is 0.70. When 720 croissants

Julias Caf bakes croissants that are sold to local restaurants and supermarkets. When 600 croissants are baked, the average cost is 0.70. When 720 croissants are baked, the average cost is 0.65. What is the amount of the fixed costs?

(a) 205

(b) 180

(c) 195

(d) 175

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 Accounting questions

Question

Most U.S. women who have been on welfare (TANF)and then find jobsare still living below the poverty level. True or False

Answered: 1 week ago

Question

★★★★★
D-List Calendar Co. specializes in manufacturing calendars that depict obscure comedians. The company uses a standard cost system to control its costs. During one month of operations, the direct...

Answered: 1 week ago

Question

★★★★★
Zebra Company paid $700 cash for production workers' wages. How does this transaction affect the financial statements? Assets = Liabilities + Equity Revenue Expenses = Net Income Cash + Work in...

Answered: 1 week ago

Question

★★★★★
Q1 QUESTION 3 TIT a b C In the diagram on the screen, which wheel is spinning chaotically? OA OB OC O All of them areQUESTION 4 TIT THT a b C In the diagram on the screen, which wheel is spinning...

Answered: 1 week ago

Question

★★★★★
Which country has the absolute advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★
Which country has the comparative advantage in computer production? Use the following table: Amount of Beef or Computers Produced by One Worker in a Day Canada Beef Computers Japan 8 5 3 4

Answered: 1 week ago

Question

★★★★★
A metal sphere is grounded and an electrically charged rod is held close to it. The sphere acquires a charge \(q\). The grounding wire is removed, and the sphere is brought in contact with another...

Answered: 1 week ago

Question

★★★★★
Consider the nonlinear regression model \(y=\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) /\left[1+\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) ight]+u\), where the error term is...

Answered: 1 week ago

Question

★★★★★
The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were...

Answered: 1 week ago

Previous Question Next Question