Hello
Can anyone help me understand how to work out this question?
Q: identify the types of cost behaviour described in each statement below. Choose from fixed, variable or semi variable.
At 4000 units the cost is £10000 and at 7500 units the cost is £18760
At 2500 units the cost is £20 per unit and at 12500 units the cost is £4 per unit
At 1200 units the cost is £4100 and at 4800 units the cost is £14900
Thanks for your help!
Can anyone help me understand how to work out this question?
Q: identify the types of cost behaviour described in each statement below. Choose from fixed, variable or semi variable.
At 4000 units the cost is £10000 and at 7500 units the cost is £18760
At 2500 units the cost is £20 per unit and at 12500 units the cost is £4 per unit
At 1200 units the cost is £4100 and at 4800 units the cost is £14900
Thanks for your help!
