Answer to: How do you find total cost, average fixed cost, total variable cost, and average variable cost, when the only thing that is given is...
Total Variable Cost = Total Quantity of Output x Variable Cost Per Unit of Output The variable cost per unit will vary across profits. In general, it can often be specifically calculated as the sum of the types of variable costs. Variable costs may need to be allocated across goods if they...
Find the profit function when the cost function is given by C(x)=2x-56 and the revenue function is given by R(x)=x^2+45, where x is the number of the items to be produced and sold. Given that p=-x^2+6x+9 is the price of x items and the cost of x is given by C(x)=...
The breakeven point is the number of units that must be sold to cover your costs. Your goal is to always sell above your breakeven point to make a profit. To calculate your breakeven point, you need to know two things: your fixed costs and your variable costs per unit. To calculate you...
C) Find out more about their ancestry.B) Identify their biological fathers. D) See whether they are actually related. A) They were both given up for adoption. C) They flew 737 airplanes as pilots.B) They were born to the same mother. D) They were both 60 years of age. Questions 5...
15 Scholarships to Help Pay for College There's no shortage of options to help you trim the college tab. Cole ClaybournandAlison MurtaghOct. 29, 2024 Schools for International Students The average annual cost for international students across these schools in 2024-2025 was ...
“What is the average gross profit margin for a service business?” As soon as you make several calculations, you are able tocompare your GPM with the average value in your industryand understand the current position of your business. In fact, this metric indicates the financial success and ...
Cost Free Average credit score increase 13 points, though results vary Credit report affected Experian® Credit scoring model used FICO® Score Results will vary. See website for details. How to sign up for Experian Boost: Connect the bank account(s) you use to pay your bills Choose and...
else who wants to study and is as serious as you are about taking the test, which gives you external accountability. Concepts such as cost variance can be parried back and forth until you understand them completely. TryGoogle Groupsto find groups or partners available for studying for the ...
If your business is one that has multiple products, then it becomes very tricky for you to find a direct relationship between the product and the fixed costs incurred. In such a scenario, allocation or apportion of cost is done based on the profitability of each division. This, however, can...