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smartworksof (Not rated)
(Not rated)
Please refer attached file for better understanding of formulas.
Solutions:
Problem 1.14
Fixed Costs=Cost of using equipment=F=$350
Variable Cost per unit=V=$8
Price per unit=P=$15
a)
Qty sold=Q=20
Total Revenue=P*Q=$300
Total Variable Costs=V*Q=$160
- 9 years ago