The Goofy Gizmo Company is planning to produce gizmos. The company has rented space for its manufacturing operation at $5,000 per month. Each gizmo requires $71 worth of materials and $20 worth of labor.
Find the total cost if Goofy Gizmo Company makes 310 gizmos in a month.
@nikato @Mertsj
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OpenStudy (tkhunny):
Calculate the 3 pieces.
Total materials to produce 310 gizmos? 310 * 71 = ??
Total labor to produce 310 gizmos? = ??
Rent - Well, that's given in the problem statement.
OpenStudy (mertsj):
How much does it cost to make each gizmo?
OpenStudy (anonymous):
It costs a total of $91 to make each gizmo, right?
OpenStudy (mertsj):
Yes. Very good.
OpenStudy (mertsj):
So how much would it cost to make 310 gizmos?
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OpenStudy (anonymous):
Uhm.. $28,210?
OpenStudy (mertsj):
Very good.
OpenStudy (mertsj):
But then they have to pay the rent on the building and it is $5000 so what is their total cost for the month?
OpenStudy (anonymous):
$33,210?
OpenStudy (mertsj):
And now you have solved the problem. Congratulations.
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