Question

What is the total expense for manufacturing 400 tables at Woodlike Inc., if the fixed costs are $1,702,300 and each tables variable cost is $21?

Answer 1

Step-by-step explanation

Assuming that the number of tables should be multiplied by the variable cost by each table, we can apply the following equation:

`Expenses=\text{ Fixed Cost + Variable Cost }\cdot\text{ Number of manufactured tables}`

Replacing terms:

`\text{Expenses = 1,702,300 + 21 }\cdot\text{ 400}`

Multiplying numbers:

`\text{Expenses = 1,702,300 + 8,400 = 1,710,700}`

In conclusion, the total expense cost is $ 1,710,700