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FIXED AND VARIABLE COSTS
ABOUT FIXED AND VARIABLE COSTS Due: Friday September 8, 2010 by 1:00pm(Original only, No plagiarism) Details: Costs can be classified into two categories, fixed and variable costs. These costs behave differently based on the level of sales volumes. Suppose we are running a restaurant and have identified certain costs along with the number of annual units sold of 1000. Item: Raw Materials (cost for hamburgers) Total Annual Cost: 650 Item: Building Rent Total Annual Cost: 9000 Identify which cost item above is fixed and variable and why? What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then to 8000 units the following year (and are still within the relevant range), what would be the total annual cost and unit cost of fixed and variable costs? Objective: • Describe the functions of managerial accounting. • Provide an overview of the external uses of accounting. • Recognize situations that present potential ethical and legal issues and develop solutions for those issues. 1 page Business Assignment Help, BusinessHomework help, BusinessStudy Help,Business Course Help
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24 Dec 2015
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FIXED AND VARIABLE COSTS
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