From Average: Total Cost = Average Cost x Quantity. Example. Total Cost (from Total): total fixed costs are $200,000 and total variable costs are $300,000. Total Cost =
Math is a way of determining the relationships between numbers, shapes, and other mathematical objects.
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Average cost Formula = Total cost of production / Number of units produced = $500,000 / 20,000 = $25 per unit Example #2 If, in the above example, the number of units produced during the year increased to 25,000, then determine the
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