Underwriting services are provided by some large specialist financial institutions, such as banks, insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee.
On average, a bag of ice will cost anywhere from as little as $1 for a 10-pound bag to as much as $6 for a 20-pound bag. The cost of ice will depend on the amount in the bag and the store selling it. A block of ice, which usually weighs around 50 pounds, can cost $20 to $35. Samâs Club, for instance, sells their 20-pound bag for $3 a bag.
The total variable cost is $7 per pick. The total cost of the 10,000 ice picks is $3,000 (fixed overhead) + $70,000 ($7 x 10,000) = $73,000. Higher variable costs provide management with a more flexible cost structure that can respond faster to changes in demand.he total cost of the 10,000 ice picks is $3,000 (fixed overhead) + $70,000 ($7 x 10,000) = $73,000. Higher variable costs provide management with a more flexible cost structure that can respond faster to changes in demand.