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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 cost
- Baking Sheet (Fixed Cost)
- Cooking Rack (Fixed Cost)
- Mixer (Fixed Cost)
Fixed Costs do not vary with Quantity. Variable Costs do vary with Quantity.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoIf ranges of out put and total costs are provided then by using following methods fixed and variable cost can be find out:
1 - High low method
2 - Scatter diagram method
3 - Standard deviation method
Wiki User
∙ 10y agoIf range of total costs and sales are provided then using the following methods fixed as well as variable cost can be seperated:
1 - High - low method
2 - scatterred diagram method
3 - Regression analysis method
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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.
How do you calculate fixed cost using total cost and quantity?
hell
How do you calculate break even when you only have total sales total variable cost and total fixed cost no unit selling quantity given eg sales 500000 fixed cost 160000 and variable cost 350000?
You cannot. Sales and variable costs must be functions of the units (quantities) sold and produced.
How do you calculate marginal cost?
Given the data on fixed and marginal Costs we require the number of units produced to ascertain the Average Total cost, from the MC we an get the TC but to calculate ATC we need the data on total quantity 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 fixed cost given total cost and sales volume?
Fixed cost = total cost / sale volume
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 calculate fixed cost from total cost and quantity?
Well if you're given the total cost of 0 units, then that would be your fixed cost as FC doesn't vary with any change in the total output produced (quantity).
How do you calculate variable cost?
Variable cost = Total Cost/ fixed cost
How do you calculate fixed cost using total cost and quantity?
hell
How do you calculate fixed cost when you only have quantity and total cost?
Find total cost when quantity = 0.
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
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 break even when you only have total sales total variable cost and total fixed cost no unit selling quantity given eg sales 500000 fixed cost 160000 and variable cost 350000?
You cannot. Sales and variable costs must be functions of the units (quantities) sold and produced.
How do you calculate marginal cost?
Given the data on fixed and marginal Costs we require the number of units produced to ascertain the Average Total cost, from the MC we an get the TC but to calculate ATC we need the data on total quantity produced
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 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
