Harbor Manufacturing is trying to predict the cost associated with producing its anchors.At a production level of 4,000 anchors,Harbor Manufacturing's average cost per anchor is $50.00.What is the total cost of producing 4,000 anchors?
A)$ 80
B)$4,050
C)$ 50
D)$200,000

Question

Quizplus · Accepted Answer

The total cost of producing 4,000 anchors is calculated by multiplying the average cost per anchor ($50.00) by the number of anchors (4,000), which equals $200,000.

Harbor Manufacturing Is Trying to Predict the Cost Associated with Producing