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Variable Cost per Guest (VC/Guest) v2

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Jul 28, 2015, 10:06:41 PM
Variable Cost per Guest (VC/Guest)=High Cost-Low CostHigh # of Guests-Low # of Guests
hc
lc
hng
lng
Tags
Hospitality Operation Management Cost
UUID
ed2f3ef0-3574-11e5-a3bb-bc764e2038f2

This equation calculatesthe variable cost on a per guest basis. Variable Cost is the opportunity cost incurred in the short-run production that depends on the quantity of output.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Total Variable Cost." AmosWEB Is Economics: Encyclonomic WEB*pedia. N.p., n.d. Web. 07 Aug. 2015.
This equation, Variable Cost per Guest (VC/Guest) v2, is used in 2 pages
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