Boyko,IncHas Fixed Costs of $400,000

question 196

Multiple Choice

Boyko,Inc.has fixed costs of $400,000.Total costs,both fixed and variable,are $550,000 when 40,000 units are produced.Calculate the total costs if the volume increases to 64,000 units.(Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)

• A) $950,000
• B) $150,000
• C) $640,000
• D) $550,000

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Definitions:

Stipulative Definition

A stipulative definition is one that assigns a new or specific meaning to a word or phrase, for the purpose of argument or discussion.

Consuming

The act of using up or eating something; in economics, it refers to the purchase and use of goods and services by households.

Genus

In biology and taxonomy, genus refers to a rank used in the classification of organisms, grouping together species that share common characteristics.

Consumable

An item intended to be used up and then replaced, often relating to goods that are eaten, drunk, or expended through use.