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FC & VC Numerical Questions

The document contains a series of questions related to cost calculations for a firm, including total variable cost (TVC), total cost (TC), and variable cost per unit for different production scenarios. Each question provides specific fixed and variable costs along with production quantities to derive the required calculations. The questions aim to enhance understanding of cost structures in business operations.

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30 views2 pages

FC & VC Numerical Questions

The document contains a series of questions related to cost calculations for a firm, including total variable cost (TVC), total cost (TC), and variable cost per unit for different production scenarios. Each question provides specific fixed and variable costs along with production quantities to derive the required calculations. The questions aim to enhance understanding of cost structures in business operations.

Uploaded by

Hina
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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Question 1

A firm produces 100 units of a product.

• Fixed cost = $500

• Variable cost per unit = $3

a) Calculate the total variable cost (TVC).


b) Calculate the total cost (TC).

Question 2

A company has the following costs:

• Total cost of producing 200 units = $1,200

• Fixed cost = $400

a) Calculate the total variable cost (TVC).


b) Calculate the variable cost per unit.

Question 3

A business has a fixed cost of $1,000.


The variable cost per unit = $8.
If the business produces 250 units:

a) Calculate the total variable cost (TVC).


b) Calculate the total cost (TC).

Question 4

At an output of 150 units, a firm’s costs are:

• Variable cost = $600

• Total cost = $1,200

a) Calculate the fixed cost.


b) If output increases to 200 units, and variable cost rises to $900, calculate the new total cost.

Question 5

A firm has the following data:

• Fixed cost = $750

• Total cost = $2,250

• Output = 500 units

a) Calculate the total variable cost (TVC).


b) Calculate the variable cost per unit.
c) Calculate the average total cost (ATC).

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