-The table above gives costs at Jan's Bike Shop.Unfortunately,Jan's record keeping has been spotty.Each worker is paid $100 a day.Labor costs are the only variable costs of production.What is the total fixed cost of producing 64 bikes?
A) $200
B) $300
C) $400
D) $500
E) $600

Question

-The table above gives costs at Jan's Bike Shop.Unfortunately,Jan's record keeping has been spotty.Each worker is paid $100 a day.Labor costs are the only variable costs of production.What is the total fixed cost of producing 64 bikes?
A) $200 
B) $300 
C) $400 
D) $500 
E) $600

Quizplus · Accepted Answer

Total fixed cost = $200 (Rent + Utilities)

-The Table Above Gives Costs at Jan's Bike Shop