Prada makes handbags. The total cost of producing 16,231 handbags is $1,348,902. This cost is a...
Prada makes handbags. The total cost of producing 16,231
handbags is $1,348,902. This cost is a mixed cost (part variable
and part fixed). The variable cost of producing each handbag is
$41. What are the fixed costs of producing all of the
handbags?
Homework Answers
Total variable cost = $41 X 16,231 = $665,471
Fixed cost = $1,348,902 - $665,471 = $683,431
The fixed costs of producing all of the handbags is $683,431
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