In a small scale business, the fixed cost is N5,000, variable cost is N15,000 and the output is 500 units. What will be the unit cost of the goods?

a

N400.00

b

N80.00

c

N40.00

d

N20.00

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Explanation

Correct Option
c

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Discussions (5)

vicjo
4 years ago

How is it 40 please its very urgent and important

Oderah8061
3 months ago

what is variable cost

bustabaf
10 years ago

That question was incomplete. It didn't reveal the variable cost. That made it impossible to calculate unit cost of the good. Please, kindly correct it because of others that may face same question. Thank you.

lordsfoundation
3 months ago

yes how

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