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How do you calculate fixed cost and variable cost given total cost and quantity?

We can calculate using following methods 1 - High-Low method 2 - Regression analysis method 3 - Graphical method


What is the Average Cost method of inventory valuation?

Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units


Define high low method?

The high-low method is a technique used to separate fixed and variable costs within a mixed cost. By comparing the highest and lowest activity levels and the corresponding total costs, this method allows you to estimate the fixed and variable components of a 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 do you calculate the total overhead chargeable to each production cost centre using repeated distribution method and algebraic method?

firstly, like this.... Secondly, like that... and then, like this... Lastly, get ur answer, congratulation!!


Is it depreciation variable cost or fixed cost?

depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.


What is the formula for calculating liquor cost using the purchase method?

NO


How do you calculate fixed cost given total cost?

Fixed Cost - costs that do not vary with the quantity of output produced.The best example I can think of is when making Chocolate Chip Cookies. You need ingredients and supplies to make them:Chocolate Chips (Variable Cost)Flour (Variable Cost)Butter (Variable Cost)Sugar (Variable Cost)Eggs (Variable Cost)Vanilla (Variable Cost)Baking Soda (Variable Cost)Salt (Variable Cost)Bowls (Fixed Cost)Spatulas (Fixed Cost)Oven (Fixed Cost) The gas or electricity would be a variable costBaking Sheet (Fixed Cost)Cooking Rack (Fixed Cost)Mixer (Fixed Cost)Fixed Costs do not vary with Quantity. Variable Costs do vary with Quantity.


What is the least preferred method for calculating the equitable adjustment?

Total Cost


How do you calculate fixed cost using total cost and quantity?

hell


Find the estimate cost equation using the high low method?

Coness


Profit maximization using Total revenue and Total cost approach?

level of output to look at the total revenue and total cost curve directly