The company pays rent of £23,000 per year and rates of £6,000. The salaries of the management comes to £62,000 per year. The cost of materials, power and wages of employee needed to make 1 kitchen is £12,000 and the kitchen sells for £20,000.
What are the fixed costs ?
What are the variable costs ?
And I need to draw a graph that includes; fixed costs, variable costs, and total costs. What do I label the X and Y axis as?
Cheers, Harry
What are the fixed costs ?
What are the variable costs ?
And I need to draw a graph that includes; fixed costs, variable costs, and total costs. What do I label the X and Y axis as?
Cheers, Harry