All categories

3 years ago

Identify the value of the fixed cost

2 answers:

6 0

Answer: Take your total cost of production and subtract your variable costs multiplied by the number of units you produced. This will give you your total fixed cost. You can use this fixed cost formula to help.

Explanation:

Lunna [17]3 years ago

5 0

Answer:

where is it??????????????

You might be interested in

Which following statement about FAFSA process are TRUE?

aleksklad [387]

FAFSA stands for Free Application for Federal Student Aid. It is a form that can be prepared annually by current and prospective college students in the United States to determine their eligibility for student financial aid. Hope this helps.

3 0

3 years ago

A gold processor has two sources of gold ore, source A and source B. In order to keep his plant running, at least three tons of

vfiekz [6]

Answer:

that is letter A

Im sorry beacause wrong

3 0

3 years ago

Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,

Citrus2011 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

<u>To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400 - (0.4*1,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,200 - (0.4*500)= $2,000

Total cost= 2,000 + 0.4x

x= machine hour

<u>Finally, the total cost for 1,200 machine hours:</u>

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

7 0

3 years ago

What conditions make a market perfectly competitive? A market is perfectly competitive if A. it has many buyers and one firm,

DanielleElmas [232]

Answer:

E. It has many buyers and many sellers , all of whom are selling differentiated products , with no barriers to new firms entering the market.

Explanation:

A perfect market is a market where there are large number of buyers such that all participants are price takers hence cannot influence the price of commodities sold in such market.

In a perfect market, there are no barriers to entry and exit. This also means that new firms can enter the market. Here, the buyers are free to buy from any person and the sellers are free to sell to anyone. Differentiated products are also sold there.

8 0

3 years ago

Burger King licenses its brand name to foreign firms as long as they agree to run their restaurants on exactly the same lines as

nydimaria [60]

Answer: Franchising.

Explanation:

As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.

7 0

3 years ago

Identify the value of the fixed cost ​

Identify the value of the fixed cost