Question: Problem 10-4 Fixed and Variable Costs (LO3) In a slow year, Deutsche Burgers will produce 2.500 million hamburgers at a total cost of $3.600 million.


Problem 10-4 Fixed and Variable Costs (LO3) In a slow year, Deutsche Burgers will produce 2.500 million hamburgers at a total cost of $3.600 million. In a good year, it can produce 4.100 million hamburgers at a total cost of $4.700 million. a. What are the fixed costs of hamburger production? (Do not round intermediate calculations. Enter your answer in millions rounded to 1 decimal place.) Fixed cost million b. What is the variable cost per hamburger? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Variable cost per burger c. What is the average cost per burger when the firm produces 2 million hamburgers? (Do not round intermediate calculations Round your answer to 2 decimal places.) Average cost per burger
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