The total variable cost if 120 dogs are groomed per month is £960.
the total fixed costs If 120 dogs are groomed per month is £1000.
The total costs If 120 dogs are groomed per month is £1960
Fixed cost and variable cost
Fixed cost is the cost that remains constant regardless of the number of dogs that are groomed. If one dog or 100 dogs is groomed, fixed cost would remain the same.
Variable cost is the cost the increases with the number of dogs that are groomed.
Total cost is the sum of fixed cost and variable cost.
Total variable cost.
Total variable cost = variable cost per dog x total number of dogs
£8 x 120 = £960
Total fixed costs.
The total fixed costs If 120 dogs are groomed per month is £1000.
Total costs
£960 + £1000 = £1960
To learn more about variable cost, please check: https://brainly.com/question/25879561
