Use the following to answer question: 
-(Figure: The Average Total Cost Curve) Use Figure: The Average Total Cost Curve.The total cost of producing five pairs of boots is approximately:
Definitions:
Budgeted Sales
Projected sales figures that a company expects to achieve within a specified period, used for planning and performance evaluation.
Beginning Inventory
The value of a company's stock of goods at the start of an accounting period, before any purchases or sales have occurred.
Desired Ending Inventory
The amount of inventory a business plans to have on hand at the end of a period to ensure operations run smoothly and meet customer demand.
Direct Materials
Raw materials that can be directly attributed to the production of goods.
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