how to calculate average percent variable cost?
309467
Start by dividing the sales by the price per unit to get the number of units produced. Then, add up direct materials and direct labor to get total variable cost. Divide total variable cost by the number of units produced to get average variable cost.
618116
['Net Sales – Variable Costs = Contribution Margin.', '(Product Revenue – Product Variable Costs) / Units Sold = Contribution Margin Per Unit.', 'Contribution Margin Per Unit / Sales Price Per Unit = Contribution Margin Ratio.']
36762
You calculate the percent variance by subtracting the benchmark number from the new number and then dividing that result by the benchmark number. In this example, the calculation looks like this: (150-120)/120 = 25%. The Percent variance tells you that you sold 25 percent more widgets than yesterday.
753059
['H = i*C.', 'Number of orders = D / Q.', 'Annual ordering cost = (D * S) / Q.', 'Annual Holding Cost= (Q * H) / 2.', 'Annual Total Cost or Total Cost = Annual ordering cost + Annual holding cost.', 'Annual Total Cost or Total Cost = (D * S) / Q + (Q * H) / 2.']
354991
['avg = sum(lst) / len(lst)', 'var = sum((x-avg)**2 for x in lst) / len(lst)', 'print(var)', '# 0.6666666666666666.']
740582
Add all variable costs required to produce one unit together to get the total variable cost for one unit of production. Multiply the variable costs for one unit of product by the total number of units produced. The sum of this calculation will give you the total variable cost.
1012484
It follows that, when average total cost is at its minimum, marginal cost is equal to average total cost. Also, when average variable cost is at its minimum, marginal cost equals average variable cost. G. In the long run, all inputs are variable.
270042
['Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit).', 'Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).']
48541
Once you have calculated the decimal values of each percentage for each given sample size, you then add these decimal values together and divide the total number by the total sum of both sample sizes. You then need to multiply this value by 100 to get the average percentage.
1001852
['x=input("Enter a value: " )', 'y=input("Enter total value: ")', '#calculating %', 'P=(x/y) *100.', 'print (P)']
834187
['Direct materials quantity variance = SP x (SQ – AQ) ... ', 'Direct materials price variance = (SP – AP) x AQ = ($10.35 – $9.90) x 30,000 = $13,500 favorable.']
88608
['Find out your COGS (cost of goods sold). ... ', 'Find out your revenue (how much you sell these goods for, for example $50 ).', 'Calculate the gross profit by subtracting the cost from the revenue. ... ', 'Divide gross profit by revenue: $20 / $50 = 0.4 .', 'Express it as percentages: 0.4 * 100 = 40% .']
70645
['Subtract the accepted value from the experimental value.', 'Take the absolute value of step 1.', 'Divide that answer by the accepted value.', 'Multiply that answer by 100 and add the % symbol to express the answer as a percentage.']
266992
Calculating the Variance To calculate material price variance, subtract the actual price per unit of material from the budgeted price per unit of material and multiply by the actual quantity of direct material used. For example, say that a dress company used 1,000 yards of fabric during the month.
251618
['Sales – Cost of Goods Sold = Gross Profit.', 'Gross Profit / Sales = Gross Profit Margin.', '(Selling Price – Cost to Produce) / Cost to Produce = Mark-up Percentage.']
572780
The variable cost ratio is a cost accounting tool that is used to express a company's variable production costs as a percentage of its net sales. The ratio is calculated by dividing the variable costs by the net revenues of the company.
222160
To calculate a static budget variance, simply subtract the actual spend from the planned budget for each line item over the given time period. Divide by the original budget to calculate the percentage variance.