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How did Montrose uses a 140 markup on total cost and recently computed a selling price of 1560 for a particular product. On the basis of this information the product's total cost is?
To find the product's total cost using a 140% markup on total cost, we can set up the equation: Selling Price = Total Cost + (Markup Percentage × Total Cost). Given the selling price of 1560, we can express this as: 1560 = Total Cost + 1.4 × Total Cost, which simplifies to 1560 = 2.4 × Total Cost. Dividing both sides by 2.4 gives us Total Cost = 1560 / 2.4, resulting in a total cost of 650.
How do you calculate the total cost?
Total cost are calculated by adding variable cost and fixed cost FC+VC=TC
How do you calculate fixed cost given total cost and sales volume?
Fixed cost = total cost / sale volume
How do you calculate fixed cost when you only have quantity and total cost?
Find total cost when quantity = 0.
What is the total cost if the marginal cost of producing the 9th unit is 10?
Total cost would be: (Average cost)*8 +10.
Is total cost different from overhead cost?
Overhead cost is part of total cost and not different from total cost as formula is as follows: Total cost = material cost + labor cost + overhead cost
Does total cost equal the fixed cost plus the vriable cost divides by volume?
Formula for Total Cost: Fixed Cost + Variable Cost + Semi-Variable Cost if there is no semi-variable cost then fixed cost + variable cost is a total cost. if we devide the total cost with volume as well then it will be cost per unit not total cost
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
Is selling price and total variable cost the same?
Selling price = Total Cost (Total Variable cost + Total fixed cost) + profit margin
What does the vertical distance between the fixed Cost and the total cost curve represent?
total variable cost
Is the marginal cost the derivative of the total cost?
Yes, the marginal cost is the derivative of 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.
What is the relationship between marginal cost and total cost in the production process?
Marginal cost is the additional cost incurred by producing one more unit of a good or service. It is calculated by dividing the change in total cost by the change in quantity produced. Total cost, on the other hand, is the sum of all costs incurred in producing a certain quantity of goods or services. The relationship between marginal cost and total cost is that marginal cost affects the total cost by showing how much the cost increases when producing additional units. When marginal cost is less than average total cost, total cost decreases. When marginal cost is greater than average total cost, total cost increases.
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 do you determine total costs?
Total cost is determined by adding fixed costs and variable costs together. fixed cost + variable cost = total cost
Total revenue and total cost curves?
total cost= total revenue, it is the same thing in different name.
How do you derive the total cost function from the average cost function?
Average cost = Total cost / number of units of a good produced. So Total cost = Average cost X No. of units of a good produced
