Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $3.00 in ingredients per pizza, $0.50 in electricity per pizza, $2 comma 500 in restaurant rent per month, and $450 in insurance per month. Assume the pizza parlor produces 6 comma 000 pizzas per month. What is the variable cost of production (per month)?

Variable costs is $51,000

Explanation:

Variable costs as the name implies are costs that change based on changes in quantity or vary by a certain change in unit of measure.

For example a costs that changed by each unit of production, each unit of sale, as a percentage of another value like sales etc

variable costs per unit:

$5.00 in labor per pizza,

$3.00 in ingredients per pizza, $0.50 in electricity per pizza,

Total variable costs = $8.50 per unit.

Fixed costs:

$2,500 in restaurant rent per month,

$450 in insurance per month.

Total fixed costs = $2,950

the pizza parlor produces 6,000 pizzas per month.

Therefore variable costs = $8.50 x 6,000 units = $51,000

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number