How did you calculate the Fixed cost?
How did you calculate the Fixed cost?
Homework Answers
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| Fixed cost is any business expense that does not change based on production or sales i.e. it remains fixed irrespective of level of output. |
| Examples of fixed costs :Lease on office space, Utility bills. |
Consider the cost of a wedding reception. What costs are fixed? What costs are variable? What output measure did you use...
Consider the cost of a wedding reception. What costs are fixed? What costs are variable? What output measure did you use in classifying the costs as fixed or variable?
Show Me How eBook Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a...
Show Me How eBook Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were colle Month Calculator Labor Cost Employee Hours 360 550 630 610 480 350 570 310 $7,000 February March April May une 8,140 9,899 9,787 8,490 7,450 9,490 7,531 August Coefficients shown by a regression program for Pizza Vesuvio's data are: 4,517 X Variable 8.20 In your...
How to calculate the Total Cost (TC), Average Fixed Cost (AFC), Average Total Cost (ATC), and...
How to calculate the Total Cost (TC), Average Fixed Cost
(AFC), Average Total Cost (ATC), and Marginal Cost (MC)?
1. The schedule below gives the Total Variable Cost (TVC) for producing various quantities of smurfs (smurfs are an input into cat food production). The Total Fixed Costs (TFC) is $100. Calculate the following and fill in the blanks: Total Cost (TC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). Cost Schedule for...
Given the quantity and total cost, calculate for a total fixed cost, the total variable cost,...
Given the quantity and total cost, calculate for a total fixed cost, the total variable cost, average fixed cost, average total cost, the average variable cost, and marginal cost. You are required to graph the total cost curves as well as the average and marginal cost curves. Quantity Total Cost Total Fixed Cost Total Variable Cost Average Fixed Cost Average Total Cost Average Variable Cost Marginal Cost 1 30 2 75 3 150 4 255 5 380 6 525 7...
Please explain the characteristics of a variable cost and fixed cost and as activity increases how...
Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain the same). Please explain the characteristics of a mixed cost and how the High-Low Method is used to calculate variable cost per unit and fixed costs. How can the High-Low Method be used to predict variable costs and fixed costs given a certain level of activity. (please type out answer)
25. A common name for fixed cost is “overhead.” If you divide fixed cost by the...
25. A common name for fixed cost is “overhead.” If you divide fixed cost by the quantity of output produced, you get average fixed cost. Supposed fixed cost is $1,000. What does the average fixed cost curve look like? Use your response to explain what “spreading the overhead” means.
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,590 430 February 7,100 500 March 7,631 530 April 8,240 400 May 9,887 460 June 8,590 360 July 11,864 590 August 7,600 330 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost (Fixed) Artist - contract Product Fixed $10,000 Artist - design fee Product Fixed $3,600 Computer/Printer 90% Product Fixed $5,400 Computer/Printer 10% Period Fixed $600 Depreciation - Computer/Printer 90% Product Fixed $1,800 Depreciation - Computer/Printer 10% Period Fixed $200 Depreciation - Heat Press Machine Product Fixed $1,500 Heat Press Machine Product Fixed $4,500 Liability Insurance Period Fixed $3,600 Mall Rent (Manufacutring) 90% Product Fixed $27,000...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,290 310 February 6,800 360 March 7,331 380 April 7,940 290 May 9,587 340 June 8,290 260 July 10,378 ...
Using High-Low to Calculate Fixed Cost Calculate the Variable Rate, and Construct a Cost Function Pizza...
Using High-Low to Calculate Fixed Cost Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,490 510 February 7,000 590 March 7,531 620 April 8,140 470 May 9,787 550 June 8,490 430 July 12,708 700 August 7,500 390 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Show Me How eBook Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were colle Month Calculator Labor Cost Employee Hours 360 550 630 610 480 350 570 310 $7,000 February March April May une 8,140 9,899 9,787 8,490 7,450 9,490 7,531 August Coefficients shown by a regression program for Pizza Vesuvio's data are: 4,517 X Variable 8.20 In your...
How to calculate the Total Cost (TC), Average Fixed Cost
(AFC), Average Total Cost (ATC), and Marginal Cost (MC)?
1. The schedule below gives the Total Variable Cost (TVC) for producing various quantities of smurfs (smurfs are an input into cat food production). The Total Fixed Costs (TFC) is $100. Calculate the following and fill in the blanks: Total Cost (TC), Average Fixed Cost (AFC), Average Variable Cost (AVC), Average Total Cost (ATC), and Marginal Cost (MC). Cost Schedule for...
Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,590 430 February 7,100 500 March 7,631 530 April 8,240 400 May 9,887 460 June 8,590 360 July 11,864 590 August 7,600 330 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
Using High-Low to Calculate Fixed Cost Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours January 9,490 510 February 7,000 590 March 7,531 620 April 8,140 470 May 9,787 550 June 8,490 430 July 12,708 700 August 7,500 390 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the...
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