Answer:
$1500
Step-by-step explanation:
It is given that
Rent = $100
Groceries and drinks = $1000
Insurance premiums = $10
Loan interest payment =$30
Clothes = $200
Utilities = $300
Home security fee = $200
Fixed cost are costs that does not vary and variable cost are costs that vary with goods and services.
In the given problem, rent , insurance premiums, loans interest payment ad home security fee are fixed cost.
Groceries and drinks, clothes and utilities are variable cost.
So, total variable cost for last month is
[tex]\text{Total variable cost}=\$1000+\$200+\$300=\$1500[/tex]
Therefore, total variable cost for last month is $1500.
