Consider the following figures which refer to a firm's production department during one week:
Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, raw materials ₦800, Power ₦300.
Total variable costs incurred during the week are
a
₦7,300
b
₦7,100
c
₦1,300
d
₦1,100
Explanation
Correct Option
bVideo Explanation
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