View the step-by-step solution to:


You are running a business that sells office supplies. Your monthly lease on the space is $3600.

This past

week, you sold 820 rulers for $1.25 each (they cost you $0.25 each), 900 reams of paper at for $7.99 per ream (they cost you $4 each), 172 computers at an average price of $674.99 (your cost: $497), and 86 printers at an average price of $109.95 (your cost: $89).

Over the course of this week, you paid 4 part-time employees $8 per hour, and they each worked 20 hours. You also pay a full-time manager, who is on salary, $41,600 per annum.

As it was back-to-school time, you ran a special flyer that cost you $1700 to print and deliver. Your electricity bill averages out to $758.33 per month, and you also employ the services of an accountant four times a year to manage books and do taxes, at a cost of $5400 per year.

What are your total variable costs for the week?

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question