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How can you find the variable cost per unit based on current prices and cost of sales?
Cost Per Unit - The amount on money spent for one item (unit) in a group of items. cost, per unit.
Examples: Which of the following has the lowest cost per unit?
- Cutter, Inc. 8 razors for $6.80
- The Blade Company 9 razors for $7.70
- Sharpe, Co. 10 razors for $8.50
- FuzzNoMore 12 razors for $9.60
Work it out:
First, take each company and divide the total cost of razors by the number of razors.
- Cutter, Inc. 6.80 / 8 = 0.85
- The Blade Company 7.70 / 9 = 0.8555 = 0.86
- Sharpe, Co. 8.50 / 10 = 0.85
- FuzzNoMore 9.60 / 12 = 0.80
Compare:
Compare the answers.
- 0.85
- 0.86
- 0.85
- 0.80
Which is the least?
Solution:
This is the solution: number 4 is the answer because after you compare them, FuzzNoMore has the least cost, per unit.
-Alex, 14
What else can I help you with?
Is sales commissions a fixed or variable cost?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
What types of commissions do corporate sales jobs pay?
Corporate sales jobs pay 2 types of commission. These are straight which is based off of the percentage of sales and variable commissions pay differently upon reaching targets.
What is exit price accounting?
Exit price accounting is a form of current cist accounting which occures when an entity decisde to exit the industry, it sold out its assets based on its net selling prices at the balance sheet date and on the basis of orderly sales.
The margin of safety is equal to?
a. sales-net operation incomeb. sales-(variable expenses/contribution margin)c. sales-(fixed expenses/contribution margin ratio)d. sales-(variable expenses + fixed expenses)
The difference between sales price per unit and variable cost per unit is the?
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
If selling prices sales mix and cost structure remain the same do profits and sales increase using variable costing?
Equal
Purchase decisions are based on how consumers perceive prices and what they consider to be the blank price not the marketer's stated price?
Last purchased price current actual current sales price referent price, Ans: current sale price.
Is sales rank a quantitative or qualitative variable?
Sales rank is a quantitative variable. The underlying value is sales, obviously a quantitative value. The median, minimum, maximum and percentile values are all quantitative statistics based on the ranking of data.
What does it mean for one variable to be dependent on another variable?
When one variable is said to be dependent on another, it means that the value of the dependent variable is influenced or determined by changes in the other variable, known as the independent variable. For example, in a relationship where an increase in temperature (independent variable) leads to an increase in ice cream sales (dependent variable), ice cream sales vary based on the temperature. This relationship highlights causation or correlation between the two variables.
How can you determine sales when variable cost is given and sale ratio?
If Variable cost and sales ratio is provided then by using mathematical equation approach mixing figures can be found by using provided figures. Sales = Variable cost + Sales percentage of (Variable cost)
What is the value of Liberace signature?
Based on current market prices and recent sales prices, your Liberace autograph would be worth between $20 and $40. I would recommend checing websites like Ebay to see what the value of other autographs are running to get an idea of what yours is worth.
Is sales commissions a fixed or variable cost?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Is salesmen commisison a variable cost?
Variable cost would indicate that the overal commission wouldn't changed based on the volume of sales, so it should be a fixed cost instead.
Is commissions a fixed or variable costs?
Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.
Where can you find the best prices on windows laptop computers?
There are many comparison shopping websites that will allow you to view current prices for laptops. Another option is to go directly to the manufacturer's or retailer's website to check for current pricing and sales.
What types of commissions do corporate sales jobs pay?
Corporate sales jobs pay 2 types of commission. These are straight which is based off of the percentage of sales and variable commissions pay differently upon reaching targets.
Does contribution margin equal Sales-variable costs?
Contribution margin is computed as sales revenue minus variable expenses
