Austin's Total Fixed Cost Is $3,600 a Month for Making

question 114

Multiple Choice

Austin's total fixed cost is $3,600 a month for making 100,000 cupcakes at his cupcake bakery.Austin employs 20 workers and pays each worker $600 a month.If labor is his only variable cost,what is Austin's total cost per month for making 100,000 cupcakes?

• A)$3,600
• B)$1,200
• C)$15,600
• D)$12,000

Utilize algebraic methods to solve equations and understand their applications in financial contexts.

Understand the concept of agency and the roles of agents, principals, and independent contractors.

Differentiate between employees and independent contractors and their implications.

Analyze the legal liabilities and responsibilities in situations of negligence within the scope of employment.

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Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new hires over a given period, often viewed as an indicator of workplace satisfaction and stability.

University

An institution of higher education and research which awards academic degrees in various academic disciplines.

Job Requirements

The specific qualifications, skills, experience, and characteristics needed to perform a job effectively.

Online Games

Video games that are played over the internet, which can include both multiplayer and single-player experiences.