Producing Goods and Services Total cost Now we must add our calculations so far to find total cost as : Total Cost = Fixed Cost + Variable Cost So using the same figures from above we have: Number of ice Fixed cost Variable cost Total cost creams produced (Number x 50p) 0 50 100 150 200 250 300 350 Using your figures complete the graph below by drawing lines showing fixed cost, variable cost and total cost. Label each of your lines with FIXED COST, VARIABLE COST and TOTAL COST. £350 £300 £250 £200 £150 £100 £50 £0 0 50 100 150 200 250 300 350 Number of Ice Creams
Producing Goods and Services Total cost Now we must add our calculations so far to find total cost as : Total Cost = Fixed Cost + Variable Cost So using the same figures from above we have: Number of ice creams produced Fixed cost Variable cost (Number x 50p) Total cost 0 50 100 150 200 250 300 350 Using your figures complete the graph below by drawing lines showing fixed cost, variable cost and total cost. Label each of your lines with FIXED COST, VARIABLE COST and TOTAL COST. £350 £300 £250 £200 £150 £100 £50 £0 0 50 100 150 200 250 300 350 Number of Ice Creams