X Ltd is selling their only product at 12.50 per unit and they have managed to sell a total of 3000 units. They currently have total costs at £32000, £15000 of which are Fixed costs. How much is the total revenue and the total Variable costs?
Total revenue = Units sold x selling priceSo £12.50 x 3000 = £37,500Fized costs = £15000Vaeiable costs = £32,000 - £15,000 = 17,000
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