Boyko, Inc. has fixed costs of $400,000. Total costs, both fixed and variable, are $550,000 when...
Boyko, Inc. has fixed costs of $400,000. Total costs, both fixed and variable, are $550,000 when 40,000 units are produced. Calculate the total costs if the volume increases to 64,000 units. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A.
$150,000
B.
$550,000
C.
$640,000
D.
$950,000
Homework Answers
Answer
- Variable cost per unit = ($550000 total cost - $ 400000 fixed
cost) / 40000 units produced
= 150000 / 40000
= $ 3.75 per unit - Fixed cost = $ 400000
- Total cost if volume increases to 64000 units
= (64000 units x $ 3.75) + $ 400000
= 240000 + 400000
= $ 640,000 - Correct Answer = Option ‘C’ $ 640,000
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