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Homework answers / question archive / Average cost equals total cost _____ quantity

Average cost equals total cost _____ quantity

Accounting

Average cost equals total cost _____ quantity.

a. minus

b. times

c. divided by

d. plus

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The correct answer is c. divided by.

The average cost is the cost incurred per unit. Therefore, it can be found by dividing the total cost of producing all units by the number of units produced.