Assume tc stands for total cost, Accounting Basics

1. Fill in the table below.  Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as Average Total Cost, AFC as Average Fixed Cost, AVC as Average Variable Cost, and MC as Marginal Cost.

C

TFC

TVC

ATC

AFC

AVC

MC

Units of Output

0

20

 

 

 

 

 

 

1

 

 

1

 

 

 

 

2

 

 

 

 

 

 

3

3

 

 

 

 

 

4

 

4

 

 

 

12

 

 

 

5

75

 

 

 

 

 

 

6

 

 

 

 

 

16

 

7

 

 

 

24

 

 

 

8

 

 

 

 

 

 

86

9

 

 

360

 

 

 

 

2.  Using the graph below, answer the following questions:

 

Posted Date: 4/2/2013 6:59:29 AM | Location : United States







Related Discussions:- Assume tc stands for total cost, Assignment Help, Ask Question on Assume tc stands for total cost, Get Answer, Expert's Help, Assume tc stands for total cost Discussions

Write discussion on Assume tc stands for total cost
Your posts are moderated
Related Questions
Management accounting and financial accounting Accounting is generally seen as having two different strands which are: ? Management accounting that seeks to meet accounting

Q. Effects of failing to prepare adjusting entries ? Failure to organize proper adjusting entries causes net income and the balance sheet to be in error. You are able to see the

Q. What are Accounting software packages? Accounting software packages are normally menu driven and organized into modules such as accounts payable, general ledger, accounts re


Super stockist is one who supply product to n no. of distributor in area. Distributor is one who supply to dealers in the area

Recording and reporting stock transactions and cash dividends across two accounting cycles Davis Corporation was authorized to issue 100,000 shares of $10 par common stock and 5

Q. What is Chart of accounts explain? The chart of accounts is a absolute listing of the titles and numbers of all the accounts in the ledger. The chart of accounts is able to

Q. What do you mean by Liabilities? Liabilities are the debts outstanding by a business. Usually a business should pay its debts by certain dates. A business acquires many of i

Q. What is Intangible Assets? Intangible assets consist of the nonmonetary, noncurrent, nonphysical assets of a business. Companies should charge the costs of intangible assets

Q. Calculate the gross margin percentage? Calculate the gross margin percentage by using the following formula Grossmargin percentage = Grossmargin/Net sales To show th