Variable cost and following table 1959 words | 8 pages em 505 - decision models, fall 2012 homework 3 - december 10-11, 2012 1 the diagram below depicts a system of aqueducts that originate at three rivers (nodes r1, r2 and r3) and terminate at a major city (node t) where the other nodes are junction points in the system. Key question a firm has fixed costs of $60 and variable costs as indicated in the table on the following page complete the table and check your calculations by referring to question 4 at the end of chapter 23 1 graph total fixed cost, total variable cost, and total cost. The following table provides the replacement cost as a function of the year a car is acquired and the number of years in operations year acquired formulate the problem that will minimize the total cost.
Econ test 2 test 2 study play if the firm has already reached the minimum efficient scale, then refer to table 85 the average variable cost of producing five units of output is tacos cost $2 and burritos cost $5 which of the following combinations is not on his budget line. Use the variable cost information in the following table to calculate average variable cost and average cost (assume fixed cost is $350), and then use this data to answer the questions that follow one of them might not index of real prices 3 25 2 15 1 05 long-run trend 1940 1960 1980 2000 year 1900 1920 have an answer.
Fixed or variable cost 886 words | 4 pages cost can be divided into fixed and variable and by considering into fact that fixed and variable cost can be unarguably split into two, even though they behave differently based on the level of sales of volumes since, cost is used in every field to determine the price of an item and the unit sold. The following table shows total output, variable costs, and fixed costs of a firm when it employs different numbers of workers number of workers total output (units) variable costs ($) fixed costs ($) 0 0 0 150 1 25 10 150 2 55 20 150 3 86 30 150 4 110 40 150 5 130 50 150 6 145 60 150 7 155 70 150 8 160 80 150 refer to the table above. Variable cost example for example, let’s assume that it costs a bakery $1500 to bake a cake - $500 for raw materials such as sugar, milk, and flour, and $1000 for the direct labor involved in. Total variable cost is the opposite of fixed costs these are the costs that do change when more is produced for instance, the total variable cost of producing 4 units is calculated by: total variable cost of producing 4 units = total cost of producing 4 units – total cost of producing 0 units.
B some costs incurred during the prior period as well as costs incurred during the current period c only costs incurred during the current period d some period costs as well as some product costs 2 during the month of august, direct labor cost totaled $13,000 and direct labor cost was 20% of prime cost. This guide teaches an analyst the fixed vs variable cost methods fixed and variable costs are important in management accounting and financial analysis fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent on the volume of units of production the following table shows.
In the short run, the marginal cost of the first unit of output is $40, the average variable cost of producing three units of output is $32, and the marginal cost of producing the second unit of output is $32.
15 problems and applications q9 jane’s juice bar has the following cost schedules: in the following table, complete the marginal cost, average variable cost, and average total cost columns. 7 a firm has fixed costs of $60 and variable costs as indicated in the table at the bottom of this page complete the table and check your calculations by referring to question 4 at the end of chapter 8 lo3 a graph total fixed cost, total variable cost, and total cost.