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Variable costs per unit are as follows:
Raw materials $2.15
Direct labor $1.45
Fixed costs are $5,000 per month
If the company produces 4,000 units in the month of March their total costs will be:
Separation of Power
A constitutional principle that divides the responsibilities of government among distinct branches to prevent the concentration of power and ensure checks and balances.
Legislative Branch
One of the three branches of the U.S. government, responsible for making and enacting laws, consisting of the Senate and the House of Representatives.
Enabling Legislation
The statute by which a legislative body creates an administrative agency.
Administrative Procedure Act (APA)
A federal law in the United States that governs the way administrative agencies of the federal government propose and establish regulations.
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