Kuria is a longtime customer of Middlebury Bank and has a savings account with the bank. She recently took out a car loan from t
2 answers:
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Answer:
Fixed cost = $1100
Explanation:
given data
Highest bill = $3,800
lowest bills = $2,000
dog washed in May = 600
dog washed in November = 200
to find out
fixed cost associated with the company's water bill
solution
first we get here variable cost that is express as
variable cost = (Highest bill - Lowest bill) ÷ ( Dogs washed may - Dogs washed November ) ...........1
put here value we get
variable cost =
variable cost = $4.5 per dog
so fixed cost will be here as
Fixed cost = Total cost to wash 600 dogs - Variable cost to wash 600 dogs
Fixed cost = $3800 - $4.5 × 600 dogs
Fixed cost = $3800 - $2700
Fixed cost = $1100