Homework Answers
| Amount | Computation | |
| Total costs | $ 9,00,000.00 | A |
| Total fixed costs | $ 2,40,000.00 | B |
| Total variable costs | $ 6,60,000.00 | C = A - B |
| Number of units produced | 1,54,000 | D |
| Variable cost per unit | $ 4.29 | E = C ÷ D |
- Fixed cost is a cost that does not change according to the number of units produced. E.g. rental payments.
- Variable cost is a cost that changes according to the number of units produced. E.g. Material costs.
- In this question, for each unit produced, $ 4.29 is incurred.
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