Web8. San från has the following data: Selling Price: $40 Variable Manufacturing Cost: $22 Fixed Manufacturing Cost: $150,000 per month Variable Selling & Administrative Costs: $6 Fixed Selling & Administrative Costs: $120,000 per month How many units must San Fran produce and sell in order to breakeven? A cost-plus contract may be a good option for a large, long-term project where it’s difficult to determine the full scope of work and, therefore, the final cost. Under a cost-plus contract, the client agrees to pay the contractor’s … See more A fixed-price contract is typically used for simple projects with predictable costs. Under this agreement, the contractor and project owner agree to the scope of work required and set a … See more The “right” contract depends on what a contractor and project owner negotiate. Whether fixed-price or cost-plus, all terms must be agreed to at … See more Differentiating between fixed-price and cost-plus contracts mainly comes down to three factors: budget, profit and risk. 1. Budget: A fixed-price contract is just that: fixed. The agreed-on price at the beginning of the … See more
Cost Plus vs. Fixed Price Contracts - Cotney Attorneys
Web9) The answer is --> Total cost is equal to the sum of the total fixed cost and the total variable cost. Total costs is basically the total cost incurred while producing something, like a product. And these costs are fixed and variable costs. Why … View the full answer Previous question Next question Webfixed variable do not vary as output varies. Fixed costs are equal to explicit costs plus implicit costs. do not vary as output varies. are the same as total costs for any level of output greater than zero. are another name for sunk costs. marginal The change in total cost that results from a change in output is __________ cost. average fixed rcchemsupply.com reddit
Accounting final TRUE/FALSE ch 21,22,24 Flashcards Quizlet
WebStudy with Quizlet and memorize flashcards containing terms like The break-even point is the point at which, Green Manufacturing Company produces a product that has a variable cost of $30 per unit. Fixed costs amount to $240,000. The selling price of the product is $36. The contribution margin per unit is:, Green Manufacturing Company produces a … WebStudy with Quizlet and memorize flashcards containing terms like Variable cost per unit is equal to, The total amount of output produced with a given amount of resources is known as the total, total cost equals _____ cost plus total_____ cost and more. WebAt its current short-run level of production, a firm's average variable costs equal $25 per unit, and its average fixed costs equal $25 per unit. Its total costs at this production level equal $1,000. What is the firm's current output level? ______ units. What are its total variable costs at this output level? $_______ sims 4 nifty knitting pack