Question
LouisPetit, a manager of DoggoneGorgeous, Inc., was reviewing the water bills of a dog daycare and spa. He determined that its highest and lowest bills
LouisPetit, a manager of DoggoneGorgeous, Inc., was reviewing the water bills of a dog daycare and spa. He determined that its highest and lowest bills of $4,000 and $2,600 were incurred in the months of May andNovember, respectively. If 500 dogs were washed in May and 100 dogs were washed inNovember, what was the fixed cost associated with thecompany's waterbill? (Round any intermediate calculations to the nearest cent and your final answer to the nearestdollar.)
A. $1,400
B. $2,600
C. $2,250
D. $4,000
The highest value of total cost was $770,000 in June for HorchataBeverages, Inc. Its lowest value of total cost was $590,000 in December. The company makes a single product. The production volume in June and December were 14,000 and 8,000 units, respectively. What is the fixed cost permonth? (Round any intermediate calculations to the nearestcent, and your final answer to the nearestdollar.)
A. $350,000
B. $180,000
C. $590,000
D. $8,000
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