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Fixed, Variable and Total Costs (Printable) (1)

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Milena Ackovic
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17 views

Fixed, Variable and Total Costs (Printable) (1)

Uploaded by

Milena Ackovic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Alan rents the factory Fixed and Variable Costs Alan pays back a loan at

for £1,000 per month. £100 every month.

Each jumper is made of wool. Alan pays himself a salary of


Wool costs £5 per jumper. £24,000 per year.

Alan has an advert on local Each jumper has three buttons


radio for £45 each week. which cost £0.50 per button.

Jumpers go into a packet when


The factory’s electricity bill is they’re made. Each packet costs
£150 every month. Alan £1.00.

Fixed Costs Variable Costs Total Costs


1. Label all of the fixed costs around the 1. What is the formula for total costs?
1. Label all of the variable costs.
factory. 2. List examples of variable costs:
2. List examples of fixed costs:
2. What are Alan’s total costs for 5000
jumpers (per month)? Show your working.
3. What are Alan’s variable costs per jumper?
3. What are Alan’s fixed costs each month? Show your working.
Show your working.
3. What are Alan’s total costs for 10,000
jumpers (per month)? Show your working.
4. What are Alan’s variable costs for 5000
jumpers? Show your working.

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