Question

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.

Answer is 33,210.

Answer 1

`(71+20)*310+5000=33210`

Answer 2

Answer: Hello!

Ok, each gizmo cost $71 in materials and $20 in labor, then each one costs $71 + $20 = $91 in total.

We also know that the space is rented for $5000, and this is independent of the number of gizmos produced.

Now, we want to know the cost if the company makes 310 gizmos, this is the cost of the rent plus the cost for each gizmo, then:

$5000 + 310*($91) = $33210