SOLUTION: A factory that makes can openers has fixed costs for buildings, fixtures, machinery, etc. of $26,000. The variable cost for material and labor for making one can opener is $2.75.

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Question 1132472: A factory that makes can openers has fixed costs for buildings, fixtures, machinery, etc. of $26,000. The variable cost for material and labor for making one can opener is $2.75.
a. What is the total cost of making 1000 can openers? 20,000? 40,000?
b. What is the average cost per can opener in each case?
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
26,000 + (1,000 x 2.75) = total cost. Total cost/1000 = av. cost
26,000 + (20,000 x 2.75) = total cost. total cost/20,000 = av. cost
do the same for 40,000.