Question

The Widget Company is planning to produce widgets. The company has rented space for its manufacturing operation at $4,000 per month. Each widget requires $32 worth of materials and $44 worth of labor.

Find the total cost if they makes 350 widgets in a month.

Answer 1

I'll try to explain in the simplest way possible:

Total cost for a single widget: $32 + $44 = $76 for one widget.

So, since we know the cost of one widget is $76, then the price of 350 widgets would be = $76 x 350 = $26,600.