Lauren owns a bakery. Her total costs are $150,000 per year, and her fixed costs are $65,000. This means that her variable costs are:

Name: Lauren owns a bakery. Her total costs are $150,000 per year, and her fixed costs are $65,000. This means that her variable costs are:
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Question

Quizplus · Accepted Answer

Fixed costs are $65,000 per year, which is a constant amount regardless of how many products are produced. Therefore, variable costs can be calculated as total costs minus fixed costs, which is $150,000 - $65,000 = $85,000.

Lauren Owns a Bakery