Question

The Wacky Widget Company is planning to produce widgets. The company has rented space for its manufacturing operation at $4,000 per month. Each widget requires $77 worth of materials and $43 worth of labor.

Answer 1

It is given that the rented space cost is $4000

Each widget requires $77 worth of materials and $43 worth of labor.

Therefore the cost price of one widget is:

$C_1=77+43=120_{}$

The cost of 230 widgets is:

$C_{230}=120\times230=27600$

Hence the total cost is given by:

$\begin{gathered} C_{total}=C_{230}+4000 \\ C_{total}=27600+4000 \\ C_{total}=31600 \end{gathered}$

Hence the total cost of producing 230 widgets is $31600.