Scenario 13-5
A stationery firm produces and sells staplers.Last year, it produced 5000 staplers and sold each stapler for $10.In producing the 5000 staplers, it incurred variable costs of $25,000 and a total cost of $45,000.
-Refer to Scenario 13-5.What were the firm's fixed costs

Question

Quizplus · Accepted Answer

Fixed costs are calculated by subtracting total variable costs from total costs. Here, fixed costs = $45,000 (total costs) - $25,000 (variable costs) = $20,000.

Scenario 13-5 A Stationery Firm Produces and Sells Staplers.Last Year, It Produced