What is the total cost if fixed costs are $10,000, variable cost per unit is $5, and 1,000 units are produced?

Practice Questions

1 question
Q1
What is the total cost if fixed costs are $10,000, variable cost per unit is $5, and 1,000 units are produced?
  1. $10,000
  2. $15,000
  3. $20,000
  4. $25,000

Questions & Step-by-step Solutions

1 item
Q
Q: What is the total cost if fixed costs are $10,000, variable cost per unit is $5, and 1,000 units are produced?
Solution: Total Cost = Fixed Costs + (Variable Cost per Unit * Number of Units) = $10,000 + ($5 * 1,000) = $10,000 + $5,000 = $15,000.
Steps: 0

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