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Homework answers / question archive / Every fourth of July, A Stitch in Time prints T-shirts for visitors to the small town of Liberty

Every fourth of July, A Stitch in Time prints T-shirts for visitors to the small town of Liberty

Accounting

Every fourth of July, A Stitch in Time prints T-shirts for visitors to the small town of Liberty. This production process involves both fixed and variable costs. The fixed cost of printing these shirts is $10. The following table describes some of these costs. PLEASE SHOW WORK

 

Output Total Variable Cost Total Cost Average Variable Cost Average Total Cost Marginal Cost
0 0 10.00      
1 8.00        
2       12.00  
3   28.00      
4         4.00
5 0   6.40    
6         10.00
7 54.00      

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