Variables

gareth1985 Registered Posts: 24

October 2018 in Elements of Costing

Hi there,

in the pic that I have attached I know that the fixed costs still the same, but how can I find out the variable costs and total costs for the next two rows?

Please help.

Thanks,

Gareth

variable costs.jpg 130.2K

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Comments

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  dumutroba Registered Posts: 262

  October 2018 edited October 2018

  Find variable cost per unit from the first row
  £20000/1000 units=£20 variable cost per unit
  
  1500x20=30000
  2000x20=40000
  
  Total cost is your fixed cost + variable cost

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  gareth1985 Registered Posts: 24

  October 2018

  Brilliant, thanks a lot for your help again. Have a nice weekend.
  

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  dumutroba Registered Posts: 262

  October 2018

  No problem
  Have a good weekend as well

  AAT Level 2. 2018 Distinction
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  AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
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