Fixed cost plus variable cost is equal to
Web8. San från has the following data: Selling Price: $40 Variable Manufacturing Cost: $22 Fixed Manufacturing Cost: $150,000 per month Variable Selling & Administrative Costs: $6 Fixed Selling & Administrative Costs: $120,000 per month How many units must San Fran produce and sell in order to breakeven?
Fixed cost plus variable cost is equal to
Did you know?
WebA cost plus contract guarantees profit for the contractor. It is stated in the contract that the contractor will be reimbursed for all costs and still generate a profit. Conversely, a fixed … Web5.0 (1 review) Which of the following best describes the break-even point? a. the point at which total sales equal total cost. b. the point at which fixed costs equal variable costs. c. the point at which total sales are less than total cost. d. the point at which total sales are greater than total cos. Click the card to flip 👆. a.
Web•Some corporations use a "Cost Plus Percentage" policy in establishing prices as is the case with a Fortune 100 firm that prices using "Cost Plus 12%". Their explanation: "Cost Plus is simple and we don't have a mechanism (pricing model) to calculate profits accurately". •Advertising departments are commanded to improve sales and ... Webtarget units equals fixed costs plus target profit divided by the unit contribution margin. True The target sales level equals fixed costs plus variable costs divided by the contribution margin ratio. False To determine the number of units needed to earn a target profit, divide the target contribution margin by the contribution margin per unit.
Webthe total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes Average Total Cost a firm's total cost divided by output (the quantity of product produced); equal to average fixed cost plus average variable cost Average Fixed Cost Web9) The answer is --> Total cost is equal to the sum of the total fixed cost and the total variable cost. Total costs is basically the total cost incurred while producing something, like a product. And these costs are fixed and variable costs. Why … View the full answer Previous question Next question
WebFixed costs plus variable costs equal: marginal costs. average costs. total costs. average total costs. total costs. Average variable cost is total variable cost: multiplied by price. divided by output. multiplied by output. divided by input. divided by output. Average fixed cost: equals total cost divided by output. decreases as output increases.
WebAt its current short-run level of production, a firm's average variable costs equal $25 per unit, and its average fixed costs equal $25 per unit. Its total costs at this production level equal $1,000. What is the firm's current output level? ______ units. What are its total variable costs at this output level? $_______ greeley used car dealersWebFalse. The break-even point is equal to the fixed costs plus net income. False. If the unit contribution margin is $1 and unit sales are 15,000 units above the break-even volume, then net income will be $15,000. True. A target net income is calculated by taking actual sales minus the margin of safety. False. greeley used cars for saleWebStudy with Quizlet and memorize flashcards containing terms like The break-even point is that level of activity where: a. Total revenue equals total cost. b. Variable cost equals fixed cost. c. Total contribution margin equals the sum of variable cost plus fixed cost. d. Sales revenue equals total variable cost. e. Profit is greater than zero., The breakeven … greeley utility bill loginWeb9) The answer is --> Total cost is equal to the sum of the total fixed cost and the total variable cost. Total costs is basically the total cost incurred while producing something, … greeley utility billingWebfixed variable do not vary as output varies. Fixed costs are equal to explicit costs plus implicit costs. do not vary as output varies. are the same as total costs for any level of output greater than zero. are another name for sunk costs. marginal The change in total cost that results from a change in output is __________ cost. average fixed flower home decor vasesWebTotal fixed costs are equal to revenue plus variable cost per unit times the quantity produced. Profit is equal to total fixed costs plus revenue. Total fixed costs are equal … flower home pet bedWebWhich of the following statements is true? A. In the long run, the total variable cost equals the total fixed cost. B. In the long run, the quantities of all inputs are fixed. C. In the long run, the average cost curve is always downward sloping. D. In the long run, all costs are variable costs. E. flower homes llc