Quantity of Fixed Cost Variable Cost Average Total carpets (Dollars) (Dollars) Cost (Dollars) 75 200 170 4.93 80 200 230 5.36 90 200 7.67 100 200 810 115 200 11.8 117 200 1264 12.5 120 200 1480
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From the table, we can see that the fixed cost is $200 for all quantities of carpets produced. To find the variable cost for producing 120 carpets, we look at the table and see that the variable cost for producing 117 carpets is $1264 and the variable cost for Show more…
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