It is given that the rented space cost is $4000
Each widget requires $77 worth of materials and $43 worth of labor.
Therefore the cost price of one widget is:
[tex]C_1=77+43=120_{}[/tex]
The cost of 230 widgets is:
[tex]C_{230}=120\times230=27600[/tex]
Hence the total cost is given by:
[tex]\begin{gathered} C_{total}=C_{230}+4000 \\ C_{total}=27600+4000 \\ C_{total}=31600 \end{gathered}[/tex]
Hence the total cost of producing 230 widgets is $31600.
