Ponszko Nursery Used High-Low Data from June and July to Determine

question 148

Multiple Choice

Ponszko Nursery used high-low data from June and July to determine its variable cost of $12 per unit.Additional information follows: $\begin{array}{llr}\text { Month }&\text { Units produced }&\text { Total costs }\\\text { June } & 2,000 & \$ 32,000 \\\text { July } & 1,000 & 20,000\end{array}$ If Ponszko's produces 2,300 units in August, how much is its total cost expected to be?

• A)$8,000
• B)$39,600
• C)$27,600
• D)$35,600

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Definitions:

Medicaid

Medicaid is a government-funded program in the United States that provides health care services to low-income individuals and families.

Corporate Profits

The total earnings of a company after subtracting production and operating costs, including taxes and interest.

Taxed Twice

Refers to a situation where the same income or financial transaction is subject to taxation in two different instances or under two different tax jurisdictions.

Equity

Fairness or justice in the way people are treated within the economy, often relating to the distribution of wealth.