Answer:
Total cost= $12,224
Explanation:
Giving the following information:
Smith Corporation has variable costs equal to $5.10 per unit, fixed costs of $11,000, and total output equal to 240 units.
To calculate the total cost, we need to use the following formula:
Total cost= fixed costs + unitary variable cost*number of units
Total cost= 11,000 + 5.1*240
Total cost= $12,224
