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What is the total cost formula?
Total cost = cost per unit x units produced or Total cost = cost per unit x units sold or Fixed costs + Variable costs
One yard of ribbon cost 0.49 and 3 yards of ribbon cost 1.46 which has the lower unit price?
1 yard cost 0.49 so the unit cost is 0.49 per yard. 3 yards cost 1.46 so the unit cost is 1.46/3 = 0.4866.. per yard So the second has the lower unit price.
How do you calculate selling price that involve carriage cost?
Carriage is transportation cost. If you are selling the product in your store, you would calculate how much it cost to transport the goods to your store, then factor in the per unit shipping cost. Do a simple COGS (cost of goods sold) calculation. Add the per unit shipping cost to the cost make or buy the product per unit, then add your profit mark-up, say 30%.
How do you calculate units?
Cost of case divided by number of units. For example you bought a dozen eggs for $ 24.. what is the unit price per egg? $24 / 12 = $2 per egg. or say you are calculating the cost of manufacturing 1 unit.. given: the cost of manufacturing 2000 units of product ABC is as follow, find unit price? Total material cost $ 5000 Total labour cost $ 4000 Other expenses $ 1000 ---------- total cost of manufacturing $ 10000 solution: Total Cost/ no. of unit manufactured 10000/2000 = $5 per unit
What would the unit rate be if there was a 150 pound bag that cost 12 dollars?
The unit cost would be (12 dollars) / (150 pound) = 0.08 dollars per pound, or could word it as $0.08 per pound, or 8 cents per pound.
