Harbour Manufacturing is trying to predict the cost associated with producing its anchors. At a production level of 4,000 anchors, Harbour Manufacturing's average cost per anchor is $50.00.
-At Harbour Manufacturing what is the total cost of producing 4,000 anchors?
A) $80
B) $4,050
C) $50
D) $200,000

Question

Quizplus · Accepted Answer

The total cost of producing 4,000 anchors at an average cost of $50.00 per anchor is calculated by multiplying the number of anchors (4,000) by the average cost per anchor ($50.00), which equals $200,000.

Harbour Manufacturing Is Trying to Predict the Cost Associated with Producing