Table 13-1

-Refer to Table 13-1.What is the variable cost of producing five widgets
A)$13.00
B)$14.00
C)$15.00
D)$16.00

Question

Table 13-1
 
-Refer to Table 13-1.What is the variable cost of producing five widgets
A)$13.00 
B)$14.00 
C)$15.00 
D)$16.00

Quizplus · Accepted Answer

Looking at the table, we can see that the variable cost per unit decreases as the number of widgets produced increases. The variable cost for producing five widgets is $3.00 per unit, which comes to a total variable cost of $15.00 (5 × 3.00). Therefore, the best choice is C, which is $15.00.

Table 13-1 -Refer to Table 13-1.What Is the Variable Cost of Producing