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In a slow year, Deutsche Burgers will produce 3.3 million hamburgers at a total cost of $4.8 million. In a good year, it can produce 6.6 million hamburgers at a total cost of $6.1 million. a. What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) b. What are the variable costs when the firm produces 3.3 million hamburgers? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) c. What is the average cost per burger when the firm produces 1.65 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 3.3 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. b. C. d. Fixed cost Variable cost Average cost per burger Average cost per burger million million

In a slow year, Deutsche Burgers will produce 3.3 million hamburgers at a total cost of $4.8 million. In a good year, it can produce 6.6 million hamburgers at a total cost of $6.1 million. a. What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) b. What are the variable costs when the firm produces 3.3 million hamburgers? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) c. What is the average cost per burger when the firm produces 1.65 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 3.3 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. b. C. d. Fixed cost Variable cost Average cost per burger Average cost per burger million million

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In a slow year, Deutsche Burgers will produce 3.3 million hamburgers at a total cost of $4.8 million. In a good year, it can produce 6.6 million hamburgers at a total cost of $6.1 million. a. What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) b. What are the variable costs when the firm produces 3.3 million hamburgers? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) c. What is the average cost per burger when the firm produces 1.65 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 3.3 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. b. C. d. Fixed cost Variable cost Average cost per burger Average cost per burger million million
Transcribed Image Text:In a slow year, Deutsche Burgers will produce 3.3 million hamburgers at a total cost of $4.8 million. In a good year, it can produce 6.6 million hamburgers at a total cost of $6.1 million. a. What are the fixed costs of hamburger production? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) b. What are the variable costs when the firm produces 3.3 million hamburgers? (Enter your answer in millions rounded to 1 decimal place. Do not round intermediate calculations.) c. What is the average cost per burger when the firm produces 1.65 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 3.3 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. b. C. d. Fixed cost Variable cost Average cost per burger Average cost per burger million million
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