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Earn +20 ptsQ: What is the the variable costs plus the fixed costs?
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Why are variable costs more relevant than fixed costs in short-term decision making?
Fixed costs are costs that cannot be changed in the short-term without causing significant harm to the organization. Because you cannot change them, you should not consider them in comparative analysis of alternatives.
What do you call a symbol that can represent a quantity?
VARIABLE. When this variable has a fixed number assigned to it and does not change, it is called a "fixed variable".
Ensco Lighting Company has fixed costs of 100000 sells its units for 28 and has variable costs of 15.50 per unit?
Break-even is 8,000 units. 100,000/(28-15.50)=8,000
In 2x plus y what are the variables?
A variable is a number that isn't fixed, it can be anything. So in this situation x and y are the variables.
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
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