Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Petra Pizza incurred total costs of $25,000 in the month of March, of which $10,000 were variable costs. Its fixed cost was $2.50 per pizza.

Petra Pizza incurred total costs of $25,000 in the month of March, of which $10,000 were variable costs. Its fixed cost was $2.50 per pizza. How much was the variable cost per pizza?

Question 13Answer

a.

Cannot be determined with the information given

b.

$1.67

c.

$4.17

d.

$2.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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