I need help with Estimated Variable and Fixed Cost. How do I figure that out in the problem attached?
![I need help with Estimated Variable and Fixed Cost How do I figure that out in the problem attached class=](https://us-static.z-dn.net/files/d33/4053454d0f5393c1cac17491da8664b2.jpg)
The fixed and variable costs of the given table of production costs are respectively; $161280 and $42
Variable costs are costs that vary/change depending on the company’s volume of production while fixed costs are costs that do not change in relation to volume of production.
Fixed costs = Production Cost + Selling expenses + Administrative Expenses
Fixed Cost = $103200 + $21500 + $7300 + $1600 + $1800 + $21000 + $2600 + $2280 = $161280
Variable cost = $15 + $10 + $8 + $3 + $3 + $1 + $2
Variable cost = $42
Read more about fixed and variable costs at;https://brainly.com/question/15705476
#SPJ1