Multiple Choice
Mark is trying to determine his firm's average cost per unit of production. He finds that the cost for all labor and materials is $80,000 and fixed overhead expenses are $40,000. If the company produces 20,000 items in the time period, the average cost is
A) $12.
B) $2.
C) $6.
D) $4.
E) $10.
Correct Answer:
Verified
Correct Answer:
Verified
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