Practicing Success
A table is given below. The table shows, the number of people who took their coffee and total billing for each of the 5 weeks. On the basis of this table give answers for the next five questions given below. (Q-1).
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What would be the new Unit cost if variable cost increases to 75% of the sale price? |
35 37.5 40.25 40 |
37.5 |
Unit cost refers to variable cost (also referred to as cost of goods sold).
Total Variable cost= 75 % of 93000 = Rs 69750 Unit Cost = Total Variable Cost/ No of Guests= 69750/1860=Rs 37.5 |