Toni's fixed cost of making 150,000 toasters is $89,700. The average variable cost is $6.24 per toaster. What is the total cost per toaster to the nearest cent?
Toni's fixed cost of making 150,000 toasters is $89,700. The average variable cost is $6.24 per toaster. (89,700/150,000)+6.24=6.84. The total cost per toaster is $6.84.
