variable cost, fixed cost, total costif .10 per min long dist calling based on 100 min, 240 min, and 540 min
To calculate the variable cost, fixed cost, and total cost based on the given long-distance calling rates and minutes, we need to understand what each term represents.
Variable Cost: This is the cost that varies with the level of activity or usage. In this case, the variable cost is the cost per minute of long-distance calling.
Fixed Cost: This is the cost that remains constant regardless of the level of activity or usage. In this case, the fixed cost represents any fixed charges associated with long-distance calling, such as a monthly subscription fee.
Total Cost: This is the sum of the variable cost and the fixed cost. It represents the overall cost of long-distance calling for a given period.
Now, let's calculate the variable cost, fixed cost, and total cost using the given information:
1. Variable Cost:
The variable cost is given as $0.10 per minute. Therefore, to calculate the variable cost for 100 minutes, we multiply the cost per minute by the number of minutes:
Variable Cost for 100 minutes = $0.10/min * 100 mins = $10.00
Similarly, for 240 and 540 minutes:
Variable Cost for 240 minutes = $0.10/min * 240 mins = $24.00
Variable Cost for 540 minutes = $0.10/min * 540 mins = $54.00
2. Fixed Cost:
The given information does not provide any specific fixed cost. If there are no fixed charges or subscription fees, the fixed cost would be zero.
3. Total Cost:
The total cost is the sum of the variable cost and the fixed cost.
Total Cost for 100 minutes = Variable Cost for 100 minutes + Fixed Cost
Total Cost for 240 minutes = Variable Cost for 240 minutes + Fixed Cost
Total Cost for 540 minutes = Variable Cost for 540 minutes + Fixed Cost
Since there is no given fixed cost, the total cost would be equal to the variable cost for each respective number of minutes:
Total Cost for 100 minutes = $10.00
Total Cost for 240 minutes = $24.00
Total Cost for 540 minutes = $54.00
Therefore, the variable cost, fixed cost, and total cost for long-distance calling based on 100 minutes, 240 minutes, and 540 minutes are as follows:
Variable Cost: $10.00, $24.00, $54.00
Fixed Cost: 0 (if no fixed charges)
Total Cost: $10.00, $24.00, $54.00