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What is the relevant range? A) The point at which revenue and total cost intersects on...
What is the relevant range? A) The point at which revenue and total cost intersects on...
What is the relevant range? A) The point at which revenue and total cost intersects on Cost-Volume-Profit graph B) The range between the line of total cost and the line of fixed cost on Cost-Volume-Profit graph C) The range of volume within which the cost structure remains constant D) The upper limit on Cost-Volume-Profit graph
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa....
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa. the variable cost per unit. Ob. the selling price. Oc. the contribution margin. Od. None of these choices are correct.
P&L Statement for Outpatient Therapy Business Relevant Volume Range = 10,000 - 15,000 visits Total Current...
P&L Statement for Outpatient Therapy Business Relevant Volume Range = 10,000 - 15,000 visits Total Current Volumes 12,000 Total Annual Revenues 960,000 Fixed Costs Variable Costs Total Costs 600,000 300,000 900,000 Profit 60,000 Answer the following questions: 1) What is the revenue, fixed, variable and total costs per unit at the current volume? 2) What is the profit if volume is maxed out? 3) If increasing the relevant range to 20,000 vists would cost $150,000 in fixed costs, how much...
Which of the following costs is classified as a period cost under variable costing? O a....
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
When the level of activity increases within the relevant range, how does each of the following...
When the level of activity increases within the relevant range, how does each of the following change? A. Variable Cost per Unit - Increases, Fixed Cost per Unit - Increases B. Variable Cost per Unit - Decreases, Fixed Cost per Unit - Remains the same C. Variable Cost per Unit - Remains the same, Fixed Cost per Unit - Decreases D. Variable Cost per Unit - Remains the same, Fixed Cost per Unit - Increases The new cost analyst in your...
[Ch5-1] A fixed cost, within the relevant range and in the short term, Select one: O...
[Ch5-1] A fixed cost, within the relevant range and in the short term, Select one: O a. is fixed and unchanging. O b. may vary in response to sudden changes in weather or other external conditions or events. O c. remains unchanged per unit with changes in the production activity level. O d. may vary in total with changes in the firm's production. Clear my choice [Ch5-1] A variable cost, within the relevant range and in the short term, Select...
25) Variable costs vary in total and vary per unit (within the relevant range). True False...
25) Variable costs vary in total and vary per unit (within the relevant range). True False 26) On a CVP graph for a profitable company, the total revenue (sales) line will be steeper than the line representing total costs (variable costs and fixed costs). True False 28. Depreciation expense on an office copier used by the CEO in the administrative building is a product cost and a noncash expense. True False 29. One disadvantage of top down budgeting is budgetary...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue curve. At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity at which the market demand is inelastic? a Minnie's total revenue is maximized at a price of $ bottle. 56 The demand for water from Minnie's is elastic between the prices of a bottle. O A. zero...
unsure with these two. thank you! Contribution margin ratio is computed by O A. dividing sales...
unsure with these two. thank you!
Contribution margin ratio is computed by O A. dividing sales revenue by contribution margin. O B. dividing contribution margin by sales revenue. O c. dividing contribution margin by operating income. OD. dividing operating income by contribution margin. With respect to total fixed costs, which of the following statements is true? O A. They will remain the same as production levels change within the relevant range. OB. They will increase as production decreases within the...
On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total expenses line. On a cost-volume-profit graph, the break-even point is located: * at the origin. where the total revenue line intersects the volume axis. where the total expenses line intersects the dollars axis. where the total revenue line intersects the total...
Calculator In a cost-volume-profit graph, the total revenue line rises with a slope equal to Oa. the variable cost per unit. Ob. the selling price. Oc. the contribution margin. Od. None of these choices are correct.
P&L Statement for Outpatient Therapy Business Relevant Volume Range = 10,000 - 15,000 visits Total Current Volumes 12,000 Total Annual Revenues 960,000 Fixed Costs Variable Costs Total Costs 600,000 300,000 900,000 Profit 60,000 Answer the following questions: 1) What is the revenue, fixed, variable and total costs per unit at the current volume? 2) What is the profit if volume is maxed out? 3) If increasing the relevant range to 20,000 vists would cost $150,000 in fixed costs, how much...
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
[Ch5-1] A fixed cost, within the relevant range and in the short term, Select one: O a. is fixed and unchanging. O b. may vary in response to sudden changes in weather or other external conditions or events. O c. remains unchanged per unit with changes in the production activity level. O d. may vary in total with changes in the firm's production. Clear my choice [Ch5-1] A variable cost, within the relevant range and in the short term, Select...
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue curve. At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity at which the market demand is inelastic? a Minnie's total revenue is maximized at a price of $ bottle. 56 The demand for water from Minnie's is elastic between the prices of a bottle. O A. zero...
unsure with these two. thank you!
Contribution margin ratio is computed by O A. dividing sales revenue by contribution margin. O B. dividing contribution margin by sales revenue. O c. dividing contribution margin by operating income. OD. dividing operating income by contribution margin. With respect to total fixed costs, which of the following statements is true? O A. They will remain the same as production levels change within the relevant range. OB. They will increase as production decreases within the...
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