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In a slow year, Deutsche Burgers will produce 4.0 million hamburgers at a total cost of $5.5 million. In a good year, it can produce 8.0 million hamburgers at a total cost of $6.8 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 4.0 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 2.00 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) 1. What is the average cost when the firm produces 4.0 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. Fixed cost Variable cost $ $ 4.2 million 1.3 million

In a slow year, Deutsche Burgers will produce 4.0 million hamburgers at a total cost of $5.5 million. In a good year, it can produce 8.0 million hamburgers at a total cost of $6.8 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 4.0 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 2.00 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) 1. What is the average cost when the firm produces 4.0 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. Fixed cost Variable cost $ $ 4.2 million 1.3 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 4.0 million hamburgers at a total cost of $5.5 million. In a good year, it can produce 8.0 million hamburgers at a total cost of $6.8 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 4.0 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 2.00 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 4.0 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. Fixed cost b. Variable cost c. Average cost per burger d. Average cost per burger $ $ $ $ 4.2 million 1.3 million 2.43 1.38
Transcribed Image Text:In a slow year, Deutsche Burgers will produce 4.0 million hamburgers at a total cost of $5.5 million. In a good year, it can produce 8.0 million hamburgers at a total cost of $6.8 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 4.0 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 2.00 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) d. What is the average cost when the firm produces 4.0 million hamburgers? (Round your answer to 2 decimal places. Do not round intermediate calculations.) a. Fixed cost b. Variable cost c. Average cost per burger d. Average cost per burger $ $ $ $ 4.2 million 1.3 million 2.43 1.38
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