Total costs for Locke & Company at 140,000 units are $339,000, while total fixed costs are...

Question

Question

Total costs for Locke & Company at 140,000 units are $339,000, while total fixed costs are $165,000. The total variable costs

Answer 1

Answer #1

Total costs=Total fixed costs+Total variable costs

Total variable costs=(339,000-165,000)=$174,000

variable costs per unit=(174,000/140,000)=$1.24285714

Hence total variable costs for 300,000 units=300,000*1.24285714

=$372857(Approx).

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Answer 2

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