TimeHoop−Time produces high-quality basketballs. If the fixed cost per basketball is $ 3.00$3.00 when the company...
TimeHoop−Time
produces high-quality basketballs. If the fixed cost per basketball is
$ 3.00$3.00
when the company produces
13 comma 00013,000
basketballs, what is the fixed cost per basketball when it produces
21 comma 00021,000
basketballs? Assume both volumes are in the same relevant range.
Homework Answers
Fixed cost per ball when 13,000 basketballs are produced = $3
Total fixed cost = $3 X 13,000 = $39,000
Fixed cost per ball when 21,000 basketballs are produced = $39,000 / 21,000 = $1.86
$1.86 is the fixed cost per unit when 21,000 basketballs are produced.
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TimeHoop−Time
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