To calculate the Total Cost without Total variable cost, one should estimate for the variables or substitute for the variables with a variable such as X or Y and then solve for the approximate total cost.
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Variable cost is cost that varies with amount of production. In order to classify this cost, you must be able to decide if the cost can be directly related to the product. If it can, then calculate the total cost then divide it by the number of units produced.
You cannot. Sales and variable costs must be functions of the units (quantities) sold and produced.
Total Variable Cost = Number of Units * Variable cost per unit
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
Variable cost = Total Cost/ fixed cost
Variable cost per unit = Total variable cost / total number of units manufactured
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Total cost are calculated by adding variable cost and fixed cost FC+VC=TC
Total Variable Cost divided by Quantity of Output
Easiest way: Total costs per unit - fixed costs per unit = variable cost per unit. Also recatting into accounting.
Total variable cost is typically the sum of all variable labor, variable materials, and variable overhead expenses.
VAPCO = sales-variable cost/total employee cost.
Variable cost is cost that varies with amount of production. In order to classify this cost, you must be able to decide if the cost can be directly related to the product. If it can, then calculate the total cost then divide it by the number of units produced.
You cannot. Sales and variable costs must be functions of the units (quantities) sold and produced.
Total Variable Cost = Number of Units * Variable cost per unit
First of all total cost of product is identified and after that using high and low method variable and fixed costs are segregated