Fixed cost and variable cost for companies
Not what you're looking for?
The websites of selected companies appear below. Review the information about the operations of each of the companies that is provided on these websites.
Biolea (http://www.biolea.gr).
Evian at http://www.evian.com).
Ircon International Limited (http://www.irconinternational.com).
Gulf Craft Inc. (http://www.gulfcraftinc.com).
A brief description of the operations of the company,
Two specific examples of possible fixed costs, two specific examples of possible variable costs, and two specific examples of possible mixed costs.
Purchase this Solution
Solution Summary
Fixed and variable costs for companies operations are examined. Multiple companies are examined.
Solution Preview
Behavior of Costs
Biolea was founded in 1997 by George Dimitriadis and Christine Lacroix and produces and markets organic olive oil and promotes the use of authentic traditional stone ground and cold pressed method of extraction in olive oil production. The company is located in the Astrikas estate in the island of Crete. The estate is now being managed by the 5th generation Dimitriadis family who purchased the estate in the mid-18th century.
Based on the study of Biolea's operations an example of its fixed costs is the property tax levied on the estate. Another fixed cost is the salaries and wages of its management team - whatever the season is the number of members of the management team of Biolea remains relatively constant. On the other hand, the labor cost of the farm workers is a variable cost. As the olive oil production volume increases, the total production labor cost increases. Another variable cost is the cost of packaging which ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Operations Management
This quiz tests a student's knowledge about Operations Management
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.