Cost Formulas

Question 1

Calculate total costs

Answer 1

Fixed cost + told variable cost

Question 2

Calculate revenue

Answer 2

Selling price x number sold

Question 3

Calculate profit per unit

Answer 3

Selling price per unit - total cost per unit

Question 4

Calculate total profit

Answer 4

Sales revenue - total costs

Question 5

Calculate total variable

Answer 5

Variable per unit x number sold