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- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Introduction_to_Operations_Management_(NWTC)/03%3A_Making_Decisions_with_Financial_Data/3.01%3A_Why_Does_Understanding_Costs_MatterHowever, the university will charge a fee of $100 to have a stall on-campus, and your T-shirt sales must cover this cost and any net profit will be donated to charity. In short, you need to know exact...However, the university will charge a fee of $100 to have a stall on-campus, and your T-shirt sales must cover this cost and any net profit will be donated to charity. In short, you need to know exactly which style of T-shirt, vendor, and quantity will allow you to reach your desired net profit and cover your fixed expense of $100. You will need to sell a total of 170 shirts: 20 to cover your fixed cost of $100 and an additional 150 to cover the donation target ($750).
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Business_Simulation_(NWTC)/03%3A_Marketing/3.03%3A_Contribution_Margin_-_the_Foundation_for_CVPThis difference between the sales price and the per unit variable cost is called the contribution margin because it is the per unit contribution toward covering the fixed costs. Using driverless cars ...This difference between the sales price and the per unit variable cost is called the contribution margin because it is the per unit contribution toward covering the fixed costs. Using driverless cars and trucks decreases the variable costs tied to the wages of the drivers but requires a major investment in fixed-cost assets – the autonomous vehicles – and companies would need to charge prices that allowed them to recoup their expensive investments in the technology as well as make a profit.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Business_Simulation_(NWTC)/03%3A_Marketing/3.02%3A_Understanding_the_Cost_Equationwhere Y is the total cost, a is the fixed cost, b is the variable cost per unit, and x is the level of activity. The cost equation is a linear equation that takes into consideration total fixed costs,...where Y is the total cost, a is the fixed cost, b is the variable cost per unit, and x is the level of activity. The cost equation is a linear equation that takes into consideration total fixed costs, the fixed component of mixed costs, and variable cost per unit. Distinguishing between fixed and variable costs is critical because the total cost is the sum of all fixed costs (the total fixed costs) and all variable costs (the total variable costs).
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Introduction_to_Operations_Management_(NWTC)/03%3A_Making_Decisions_with_Financial_Data/3.05%3A_Perform_Break-Even_Sensitivity_Analysis_for_a_Single_ProductBecause the increase in the cost of the cups was a variable cost, the impact on net profit/income can be seen by taking the increase in cost per unit, $0.05, and multiplying that by the units expected...Because the increase in the cost of the cups was a variable cost, the impact on net profit/income can be seen by taking the increase in cost per unit, $0.05, and multiplying that by the units expected to be sold, 1,500, to see the impact on the contribution margin, which in this case would be a decrease of $75.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Business_Simulation_(NWTC)/03%3A_Marketing/3.01%3A_Why_Does_Understanding_Costs_MatterHowever, the university will charge a fee of $100 to have a stall on-campus, and your T-shirt sales must cover this cost and any net profit will be donated to charity. In short, you need to know exact...However, the university will charge a fee of $100 to have a stall on-campus, and your T-shirt sales must cover this cost and any net profit will be donated to charity. In short, you need to know exactly which style of T-shirt, vendor, and quantity will allow you to reach your desired net profit and cover your fixed expense of $100. You will need to sell a total of 170 shirts: 20 to cover your fixed cost of $100 and an additional 150 to cover the donation target ($750).
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Introduction_to_Operations_Management_(NWTC)/03%3A_Making_Decisions_with_Financial_Data/3.02%3A_Understanding_the_Cost_Equationwhere Y is the total cost, a is the fixed cost, b is the variable cost per unit, and x is the level of activity. The cost equation is a linear equation that takes into consideration total fixed costs,...where Y is the total cost, a is the fixed cost, b is the variable cost per unit, and x is the level of activity. The cost equation is a linear equation that takes into consideration total fixed costs, the fixed component of mixed costs, and variable cost per unit. Distinguishing between fixed and variable costs is critical because the total cost is the sum of all fixed costs (the total fixed costs) and all variable costs (the total variable costs).
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Introduction_to_Operations_Management_(NWTC)/03%3A_Making_Decisions_with_Financial_Data/3.03%3A_Contribution_Margin_-_the_Foundation_for_CVPThis difference between the sales price and the per unit variable cost is called the contribution margin because it is the per unit contribution toward covering the fixed costs. Using driverless cars ...This difference between the sales price and the per unit variable cost is called the contribution margin because it is the per unit contribution toward covering the fixed costs. Using driverless cars and trucks decreases the variable costs tied to the wages of the drivers but requires a major investment in fixed-cost assets – the autonomous vehicles – and companies would need to charge prices that allowed them to recoup their expensive investments in the technology as well as make a profit.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Introduction_to_Operations_Management_(NWTC)/03%3A_Making_Decisions_with_Financial_DataThis chapter highlights the importance of operational decision-making in organizations, emphasizing its reliance on financial data for evaluating options and forecasting. It discusses the necessary ba...This chapter highlights the importance of operational decision-making in organizations, emphasizing its reliance on financial data for evaluating options and forecasting. It discusses the necessary balance between short-term gains and long-term sustainability, as well as the critical management of operational costs to ensure profitability. Informed decision-making based on financial implications is key to aligning with strategic goals and enhancing market competitiveness.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Business_Simulation_(NWTC)/03%3A_MarketingThis chapter discusses the importance of operational decision-making in organizations, emphasizing the role of financial data in evaluating choices that affect both daily operations and long-term stra...This chapter discusses the importance of operational decision-making in organizations, emphasizing the role of financial data in evaluating choices that affect both daily operations and long-term strategy. It highlights the trade-offs between short-term and long-term goals and the need to understand financial implications for strategic alignment.
