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Why does variable cost per unit stay the same but total cost varies with the number of units you produce?
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Formula for total variable cost?
Total Variable Cost = Number of Units * Variable cost per unit
How do you calculate the variable cost per unit?
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.
How do you calculate total variable costs economics?
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
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.
Is selling price and total variable cost the same?
Selling price = Total Cost (Total Variable cost + Total fixed cost) + profit margin
Formula for total variable cost?
Total Variable Cost = Number of Units * Variable cost per unit
How do you calculate variable cost per unit?
Variable cost per unit = Total variable cost / total number of units manufactured
How do you calculate the variable cost per unit?
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.
What is directly variable cost?
Directly variable cost means that which cost is directly related with the number of production of units of products. Example: For example if material amounting 10 is required to produce 1 product unit then total material amount of 100 will be required to produce 10 units of product in this case 10 is the variable cost per unit and 100 is the variable cost for 10 units of product.
Is this true that total costs are equal to fixed cost plus variable cost per unit?
No fixed costs do not change where variable do depending on market and amount ordered among other varies.
What are the total costs to make a quantity of 15000 units per year with a fixed cost of 100000 per year and a variable costs of 4.00 per unit?
Total Cost = Variable Cost + Fixed CostVariable Cost = 4 per UnitTotal Units to produce = 15000Variable Cost = 15000 * 4 = 60000Total Cost = 60000 + 100000Total Cost = 160000
What is the total of 8 and a number when using x to represent the variable?
8 + x
Explain variable cost as opposed to fixed cost?
A fixed cost is one that will not change in total due to changes in production volume. An example would be factory rent. No matter how many widgets are produced in that factory, total rent is going to be the same. However, this means that the "per unit" cost changes based on how many widgets are produced. Variable costs, on the other hand, have a fixed per unit price, but total costs change in response to a change in volume. For example, let's say each widget requires $10 of direct labor to produce. Total variable costs is going to change based on how many widgets are produced.
The total number of cars in the garage and the 9 cars outside into a variable expression is?
x9
How can you calculate total number of rows in the truth table?
we can calculate total number of rows in truth table by the formula (2^n) here n=number of input variable.
How much power do coal power plants produce?
In the US, about 50% of total electricity, but it varies from one country to another.
What variable keeps a running total?
The answer is "an accumulator." "A running total is a sum of numbers that ACCUMULATES with each iteration of a loop. The variable used to keep the running total is called an accumulator." It can be any variable you want! It could be total, tot, etc. Here is an example: total = 0 randoms = [random.randRange(0, 99999)] * 100 # Creates a list of 100 random numbers for number in randoms: total += number print(total) # Py3k print statement. Sample output: 35460
