1 Answers
Talk Doctor Online in Bissoy App
How do you find the total cost for one item from its unit cost?
The unit cost x quantity = total cost. For example: 24 oz soup at $0.10 ounce is 24 x $0.10 = $2.40.
1 Answers 1 views
If a restaurant had total sales of $348,902, and food sales made up 80% of the total sales, and food cost was 29.34%, what was the cost of food?
Multiply the percentage of food sales (80%) by total sales ($348,902); then multiply the results by the food cost percentage (29.34%) to get the dollar cost of food. The answer...
1 Answers 1 views
Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 90 percent as high if the price is raised 10 percent. Chip’s variable cost per bottle is $10, and the total fixed cash cost for the year is $100,000. Depreciation and amortization charges are $20,000, and the firm has a 30 percent marginal tax rate. Management anticipates an increased working capital need of $3,000 for the year. What will be the effect of the price increase on the firm’s FCF for the year?
All other factors being equal, raising the price to $22 at 90% of the volume at $20 per bottle, increases profit before tax by $12,000, or $8400 after taxes. By...
1 Answers 1 views
How do I calculate marginal cost from total variable cost and what condition will this be?
Margin cost is calculated from total cost, which includes both fixed costs and variable costs. If you tried to calculate your marginal costs based solely on the change in variable...
1 Answers 1 views
What are fixed and variable costs?
Fixed costs are the ones that don't change per month, like rent, utilities, some of your payroll, etc. Variable costs, on the other hand, are things that change on a...
1 Answers 1 views
How do I calculate density when I am given the total area and number of dwelling units?
You would have to know the average number of people living in each unit. Multiply that number by the number of units, and then divide that product by the total...
1 Answers 1 views
How can I determine volume if the fixed and variable costs and price of item are known?
In order to calculate volume produced, you will need enough information. If you know the total variable cost (TVC) and unit variable cost (UVC), you can divide them(TVC/UVC) to get...
1 Answers 1 views
How do I calculate total costs and total revenue?
Total cost is fixed cost plus variable cost, while total revenue is the sum of the marginal revenues for each unit.
1 Answers 1 views
Our apple trees are 5 years old and have never produced fruit. They start to blossom, but then the flowers fall off. What should I do?
If the trees have never been fertilized, start with a small application in the early spring. Give them a good pruning, too, if you haven't done this lately.
1 Answers 1 views
Why does the fixed cost increase and the variable cost remains the same? It should be the opposite.
Total fixed costs should remain the same. The fixed cost per unit will vary according to how many units are produced. For example, if fixed costs were $4000, and 400...
1 Answers 1 views