Costs (1 Viewer)

[Kutay]

Hey i was wondering if someone could clarify a problem i have... like a formula in calculating such thingys

say if u have a fixed cost and are given total cost how do you find variable cost???

Just wondering if theres a formula like is it just
TC = VC + FC and then just work from there?

 

[vaniLLa_554]

yeah thats right!
total costs = fixed costs plus variable costs

 

[screem41]

They've also given a couple of questions in previous years like that only on graphs...so you're just using the same formula only working out distances between the lines representing fixed costs, total costs etc.

It's on the "test yourself" bit on the BOS website