Question: Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs are estimated to be $1 per pack and fixed

Gooey Bites sells snack packs for $3 per pack.

Gooey Bites sells snack packs for $3 per pack. Variable expenses involved in producing snack packs are estimated to be $1 per pack and fixed costs for operating the production line are estimated to be $14,000. After making changes to the production line, Gooey Bites made a profit of $36,000 by selling 20,000 snack packs. Variable costs were modified by the line changes but fixed costs were unaffected. What is the new variable cost per pack? a. $0.33 b. $0.50 c. $1.00 d. $1.50

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