What is the variable cost?

XYZ, inc. makes and sells bicycle parts. Last year XYZ sold 5,500 handlebars, generating sales of $120,000. This year they are considering a new pricing strategy with a target profit goal of $11,000. They determined that for every $2 increase to the selling price, a 200 decrease in unit sales was expected. Their total costs were $110,000 with fixed costs accounting for $61,000. This year, XYZ, inc. is considering changing the selling price to $26. What are XYZ's total variable costs? TUTORIAL 0 dollars PS1 2 3 4 5 6 7 SUBMIT ANSWER EXIT