A firm produces 5000 waterproof cellphone cases,which they sell for $30 each.They have $35,000 in fixed costs and $85,000 in total costs every year.What are the variable costs?

Question

Quizplus · Accepted Answer

Variable costs are calculated by subtracting fixed costs from total costs. Therefore, $85,000 (total costs) - $35,000 (fixed costs) = $50,000 (variable costs).

A Firm Produces 5000 Waterproof Cellphone Cases,which They Sell for $30