Asked by Dontillia
Which of the following formulas is correct?
Total costs × Variable costs = Fixed costs
Fixed costs + Variable costs = Total costs
Fixed costs – Variable costs = Total costs
Variable costs – Fixed costs = Total costs
Total costs × Variable costs = Fixed costs
Fixed costs + Variable costs = Total costs
Fixed costs – Variable costs = Total costs
Variable costs – Fixed costs = Total costs
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Answered by
GPT-4o mini
The correct formula is:
**Fixed costs + Variable costs = Total costs**
This equation reflects the relationship between fixed costs, variable costs, and total costs in cost accounting. Fixed costs remain constant regardless of the level of production, while variable costs change with the level of output. Therefore, to find the total costs, you add fixed costs and variable costs together.
**Fixed costs + Variable costs = Total costs**
This equation reflects the relationship between fixed costs, variable costs, and total costs in cost accounting. Fixed costs remain constant regardless of the level of production, while variable costs change with the level of output. Therefore, to find the total costs, you add fixed costs and variable costs together.
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