Chess Rentals offers a bicycle rental service in Limassol Marina Cyprus. Consider the following costs over the relevant range of 2,000 and 4,000 bicycles rented: Bicycles rented 2,000 4,000 Total Variable costs € 1,000 ? Total fixed costs 3,000 ? Total costs ? ? Variable cost per bicycle rented ? ? Fixed cost per bicycle rented ? ? Total cost per bicycle rented ? ? Required: Calculate the missing amounts
Chess Rentals offers a bicycle rental service in Limassol Marina Cyprus.
Consider the following costs over the relevant range of 2,000 and 4,000 bicycles rented:
Bicycles rented
2,000 4,000
Total Variable costs € 1,000 ?
Total fixed costs 3,000 ?
Total costs ? ?
Variable cost per bicycle rented ? ?
Fixed cost per bicycle rented ? ?
Total cost per bicycle rented ? ?
Required: Calculate the missing amounts
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