Arnold Furniture Company produced 4,000 chairs in July.The manufacturing costs were: The cost per tent is:

Question

Arnold Furniture Company produced 4,000 chairs in July.The manufacturing costs were:  ​ The cost per tent is:

Quizplus · Accepted Answer

To find the cost per chair, we need to divide the total manufacturing cost by the number of chairs produced.

Total manufacturing cost = $48,000 + $8,000 + $4,000 + $6,400 = $66,400

Cost per chair = Total manufacturing cost / Number of chairs produced

Cost per chair = $66,400 / 4,000 = $16.60

Therefore, the cost per chair is $16.60.

None of the given choices match $16.60.

To get the best choice, we need to round $16.60 to the nearest answer choice.

$16.60 rounds up to $17.00 for choice A, which is too high.

$16.60 rounds down to $12.00 for choice B, which is the closest answer.

Therefore, the best choice is B) $12.00.

Arnold Furniture Company Produced 4,000 Chairs in July