Fixed and Variable Costs; Automobile Service; Missing Data
Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 600 mufflers were replaced.
| Muffler Replacements | ||
| 600 | 500 | 700 |
Total costs: |
|
|
|
Fixed costs | a | $42,000 | b |
Variable costs | c | 30,000 | d |
Total costs | e | $72,000 | f |
Cost per muffler replacement: |
|
|
|
Fixed cost | g | h | i |
Variable cost | j | k | l |
Total cost per muffler replacement. | m | n | o |
Required: Fill in the missing amounts, labeled (a) through (o), in the table.
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