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qid 788 · business
Question: Good-day Tire Company wishes to find out its cost per tire. The managers know that during the past 6 months their expenses came to $820,600, and they produced 110,000 tires. Find their cost per tire.
- $8.20
- $8.00
- $9.00
- $6.50
- $7.50
- $8.50
- $7.25
- $7.00
- $6.95
- $7.46
Our answer: J. $7.46 Source quote machine-checked (exact quote)
How it was answered
Stored formula / worked method, replayed by code
Current source
Investopedia, "Unit Cost"
https://www.investopedia.com/terms/u/unitcost.asp
“Unit costs can be both fixed and variable. Fixed costs are production expenses that don’t depend on the volume of units produced, such as rent, insurance, and equipment.”
Source quote machine-checked (exact quote)
Earlier version (superseded)
https://www.investopedia.com/terms/u/unitcost.asp
Source weak (http_get_200_text_and_question_terms)
Earlier version (superseded)
https://www.investopedia.com/terms/u/unitcost.asp
Source weak (http_get_200_text_and_question_terms)
Earlier version (superseded)
No public source has been found for this card yet (5 places checked internally).
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