At Raines Company, Total Fixed and Variable Costs Are $480,000

question 187

Multiple Choice

At Raines Company, total fixed and variable costs are $480,000 at a production level of 140,000 units. The company has total fixed costs of $200,000.
-At Raines Company the fixed cost per unit at a production level of 200,000 units is

• A) $3.43.
• B) $2.40.
• C) $1.00.
• D) $1.43.

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Definitions:

Probability

The chance of an event taking place, shown as a numeric figure lying between 0 and 1.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, used as a basis in inferential statistics.

Probability

A measure of the likelihood that a specific event will occur, often expressed as a number between 0 and 1.

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1.