Exhibit 21-11 Refer to Exhibit 21-11. Total fixed cost is

Name: Exhibit 21-11 Refer to Exhibit 21-11. Total fixed cost is
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Exhibit 21-11  Refer to Exhibit 21-11. Total fixed cost is

Quizplus · Accepted Answer

The total fixed cost is the portion of the total cost that does not change, regardless of output level. In this case, the total cost is $600 when output is zero, and the variable cost is $5 per unit. Therefore, the fixed cost must be $100 ($600 - ($5 * 100 units)).