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Use the data below to answer questions 9 and 10. Phone plus Ltd has the following information in relation to the production of mobile phones.
Use the data below to answer questions 9 and 10.
Phone plus Ltd has the following information in relation to the production of mobile phones.
Year | Number of phones | Total Costs |
2019 | 1,112,000 | 331,760 |
2020 | 1,368,000 | 390,640 |
From the above data:
Question 9
Calculate the fixed cost element in the total costs.
Question 10
Phone Plus Ltd estimates to produce 1,300,000 mobile phones in 2021, calculate the total cost of producing the mobile phones in 2021.
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