A company that makes basketballs has calculated their revenue and costs as follows for the most recent fiscal period:
Sales $623 000
Costs:
Fixed Costs $???????
Variable Costs 404 880
Total Costs ???????
Net Income (Loss) $(26 880)
Fixed Costs: $244,000
Total Costs: $648,880
A company that makes basketballs has calculated their revenue and costs as follows for the most recent fiscal period:
Sales $623 000
Costs:
Fixed Costs $???????
Variable Costs 404 880
Total Costs ???????
Net Income (Loss) $(26 880)
Fixed Costs: $244,000
Total Costs: $648,880
To calculate the missing figures, we need to use the given information.
1. To find the fixed costs:
Fixed Costs = Total Costs - Variable Costs = $26,880 + $404,880 = $431,760
2. To find the total costs:
Total Costs = Variable Costs + Fixed Costs = $404,880 + $431,760 = $836,640
Therefore, the missing figures are:
Fixed Costs = $431,760
Total Costs = $836,640