Question

value: 0.64 points Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips Flour Butter Sugar Other ingredients Labor wages Rent on manufacturing space Utilities (paid at a fixed monthly rate) Depreciation on kitchen equipment $59.00 $ 36.00 $63.50 $31.00 $ 31.00 350.00 350.00 57.00 $ 90.00 5 Calculate each of the following: a. The total variable cost this month. (Round your answer to 2 decimal places.) Total Variable Cost 570.50

Answer 1

f)

Chocolate chips	$    59.00
Flour	$    36.00
Butter	$    63.50
Sugar	$    31.00
Other ingredients	$    31.00
Labor wages	$ 350.00
Total variable cost	$ 570.50

g) Variable cost per unit will not change based on number of units. it will be constent

Total variable cost for 1,000 units	$ 570.50
Variable cost per cokie ($570.50 / 1,000)	$ 0.5705

h)

Total fixed cost for 2,000 units ($350+$57+$90)	$        497
Fixed cost per unit for 2,000 units ($497/2,000)	$ 0.2485

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