Fixed cost plus variable cost is equal to
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? $_______ Web[Hint: Variable cost is $ (1000-700)=$300. Divide it by quantity] 15) If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is A) $1,000. B) $700. C) $300. D) impossible to determine without additional information. B) $700.
Fixed cost plus variable cost is equal to
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WebStudy 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 … WebStudy with Quizlet and memorize flashcards containing terms like Variable cost per unit is equal to, The total amount of output produced with a given amount of resources is known as the total, total cost equals _____ cost plus total_____ cost and more.
WebTotal 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 … 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.
A cost-plus contract may be a good option for a large, long-term project where it’s difficult to determine the full scope of work and, therefore, the final cost. Under a cost-plus contract, the client agrees to pay the contractor’s … See more A fixed-price contract is typically used for simple projects with predictable costs. Under this agreement, the contractor and project owner agree to the scope of work required and set a … See more The “right” contract depends on what a contractor and project owner negotiate. Whether fixed-price or cost-plus, all terms must be agreed to at … See more Differentiating between fixed-price and cost-plus contracts mainly comes down to three factors: budget, profit and risk. 1. Budget: A fixed-price contract is just that: fixed. The agreed-on price at the beginning of the … See more 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.
WebFalse. 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. hidden ranch puppies texasWebWhich 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. hidden ranch oyster cracker recipeWebThe breakeven point is: A. The point at which revenues equal total cost plus a desired profit. B. The point at which revenues equal variable cost and profit is zero. C. The point at which revenues equal fixed cost and profit is zero. D. … howell agtWebfixed 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 howell air conditionerWebThe amount of revenue required to earn a targeted profit is equal to. a.total variable cost plus targeted profit divided by contribution margin. b.targeted profit divided by the variable cost ratio. c.total fixed cost plus targeted profit divided by contribution margin ratio. d.targeted profit divided by sales price per unit. e.total fixed cost ... howell air conditioningWebCost-volume-profit analysis assumes that all costs can be accurately described as either fixed or variable. True The target sales level equals fixed costs plus variable costs divided by the contribution margin ratio. False Managers can use cost-volume-profit analysis to help evaluate changes in price. True howell air conditioning serviceWebEconomic profit is equal to total revenue minus a. variable costs. b. implicit costs. c. explicit costs. d. marginal costs. the sum of implicit and explicit costs. Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for €100 each. howell aircraft rentals