COMPUTER SCIENCE AND ENGINEERING
ALGORITHMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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price+ (16.5/100 * price) = totalprice
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totalprice <-price+ (price * 0.165)
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totalprice <-price+ (price * GCT)
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totalprice = price+ (price*GCT)
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Detailed explanation-1: -Total Cost of Production = Total Fixed Cost + Total Variable Cost. Now, the quantity of units that has been produced has to be determined. Finally, the average total cost of production is calculated by dividing the total cost of production calculated in step 3 by the number of units produced determined in step 4.
Detailed explanation-2: -Costing calculates the actual cost of the product. It is an accounting scheme that properly uses the real cost and actual features used in manufacturing to properly assess the direct cost of specific goods.
Detailed explanation-3: -Actual production cost per unit: Take the sum of the actual material, labor and overhead cost, then divide it by the number of units produced. This calculation measures how much it costs to produce each unit.
Detailed explanation-4: -How to calculate cost price? Simply add together the labor cost, the components cost, the tools cost, the marketing costs and the overhead cost.