Total fixed costs for Randolph Manufacturing are $754,000.
Total costs, including both fixed and variable, are $1,000,000 if 150,000 units are produced.
The variable cost per unit is:
Fixed and Variable Costs:
Fixed costs are the costs which are fixed or same irrespective of the units of production or sales. On the other hand, Variable costs are the costs which are related to sales or production and increase or decreae with increase or decrease in units of production.
Answer and Explanation:
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fromChapter 52 / Lesson 9
Learn the unit price definition, see unit price examples, and explore overhead and production costs. See how total cost relates to unit price and how it is calculated.