MGT 3300 Chapter Notes - Chapter 17: Average Variable Cost, Fixed Cost, Variable Cost
Document Summary
Output such as expenses for parts, wages, packaging materials, outgoing freight, and sales commissions. Total cost the sum of total fixed and total variable costs. Average cost (per unit) the total cost divided by the related quantity. Average fixed cost (per unit) the total fixed cost divided by the related quantity. Average variable cost (per unit) the total variable cost divided by the related quantity. Break-even analysis an approach to determine whether the firm will be able to break. Break-even point (bep) the sales quantity where the firm"s total cost will just equal even that is, cover all its costs with a particular price its total revenue. Chapter 17 price setting in the business world selling price determining the price structure in the whole channel. Markup a dollar amount added to the cost of products to get the selling price. Markup (percent) the percentage of selling price that is added to the cost to get the.
