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if you are given the labour from 0,1,2,3,4,5,6 and total product from 0,20,45,65,80,90,95 and total fixed cost N$ 300 and more and more unit labour cost at N$ 100 given all this caculate the total varible cost and the total cost
Wiki User
∙ 11y ago
Wiki User
∙ 16y agouse the fixed cost to multiply the total numbers of output per unit this in turn gives you the total variable cost per unit produced by x the number quantity of labour employed.
Wiki User
∙ 13y agoTotal variable cost is calculated by multiplying the cost of a unit, which remains constant on a per-unit basis, by the number of units produced.
Wiki User
∙ 13y agoTotal variable costs are considered to be those costs that vary as the production volume changes.
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How do you calculate your variable cost and fixed cost given total costs and sales volumes?
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
What is the difference between average total costs and average variable costs?
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
Are variable costs included in operating costs?
Variable operating costs + fixed operating costs = total operating costs.
What does total cost of production include?
Variable Costs and fixed costs
How do you calculate Total Cost without Total variable cost?
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.
How do you calculate your variable cost and fixed cost given total costs and sales volumes?
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
How to calculate total variable cost per unit?
Easiest way: Total costs per unit - fixed costs per unit = variable cost per unit. Also recatting into accounting.
What is Total variable costs?
Total variable costs are the sum of expenses which change proportionally as the price of services and goods fluctuate. The total marginal costs above produced units is also referred to as total variable costs.
What is the difference between average total costs and average variable costs?
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
Are variable costs included in operating costs?
Variable operating costs + fixed operating costs = total operating costs.
How do you determine total costs?
Total cost is determined by adding fixed costs and variable costs together. fixed cost + variable cost = total cost
How do you calculate fixed and variable cost of various products?
First of all total cost of product is identified and after that using high and low method variable and fixed costs are segregated
How can you calculate variable manufacturing cost per unit?
Total Variable costs divided by the cost of units
How does Decrease in material costs impact total variable costs?
If material cost is variable cost then yes by decreasing material cost company can reduce total variable cost.
The total cost is the sum of what?
When you see TC = Total Costs on a break even chart it stands for Variable, Semi-variable and fixed costs....thus the total cost.
What does total cost of production include?
Variable Costs and fixed costs
What are the principles of break even analysis?
To calculate your break even point you need to total your fixed costs and your variable costs (separately) . The equation is fixed costs ÷ (price - variable costs). Variable costs are your costs associated with production. If u produce one additional unit variable cost will increase and fixed costs will not. When you reach your break even point you have covered all if your fixed costs (for the month, for example). All units sold after break even will bring net income for the period since your fixed costs are covered.
