Fixed cost would be considered as:
a decision variable
an uncontrollable variable
an output measure
a data input
Fixed cost more or less remains constant and doesn't depend on change of activity so it is an uncontrollable variable.
Option B is correct.
Fixed cost would be considered as: a decision variable an uncontrollable variable an output measure a...
The break-even point of a simple profit model represents a(n) decision variable constant uncontrollable variable parameter. None of the above
Consider the cost of a wedding reception. What costs are fixed? What costs are variable? What output measure did you use in classifying the costs as fixed or variable?
Which of the following would be considered a relevant fixed cost in making a special order decision? Unavoidable fixed costs associated with current business. Contribution margin of any current business replaced. Depreciation on existing production equipment. Incremental fixed costs associated with the order.
A fixed cost that would be considered a direct cost is:Multiple ChoiceA controller's salary is the cost object is a unit of product.The cost of renting a warehouse to store inventory if the cost object is the Purchasing Department.An order clerk's salary if the cost object is the Purchasing Department.The cost of electricity if the cost object is the internal Audit Deportment
Marginal Cost (dollars) Marginal Physical Total Total Product of Variable Fixed Variable Input Fixed Input Input Variable Cost Cost Output (units) (units) (units) (units) (dollars) (dollars) $500 $0 $500 $200 $500 $400 $500 $600 $500 $800 $500 $1000 Refer to Exhibit 21-3. The average variable cost of producing 45 units of output is a. S2.44 (E) b. S1.60. c. $2.00. d. S1.33. e. $13.33.
show all steps and formulas output 7 should be 768 Output Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 120 265 264 161 525 120 568 I. II. Complete the table that shows short run production and cost data If the price of the product is $75, what is the equilibrium level of output; will this firm make a profit or loss at this level of output? Will this...
Which of the following would be considered a discretionary fixed cost?Multiple ChoiceInternships for students.Depreciation on equipment.Advertising costsBoth a and c.
In a make-or-buy decision, which costs can be considered relevant? Group of answer choices Unavoidable variable costs, incremental fixed costs, and sunk costs Incremental variable costs, unavoidable fixed costs, and opportunity costs Incremental variable costs, incremental fixed costs, and sunk costs Incremental variable costs, incremental fixed costs, and opportunity costs
1) Complete the following table. Output Fixed Cost Total Cost Variable Cost 10 Average Cost Cost Average Variable Cost NA NA 15 8 a) Is this a short run or long run information on cost? Why? b) If the price of the good produced is currently 17, what level of output meets the profit maximizing condition? c) Draw a ligure illustrating the average cost the average variable cost, and the marginal cost curves based on the information in this table.
Which of the following would be considered a discretionary fixed cost? Multiple Choice Rent on the building. Insurance on the building. Depreciation on the building. Maintenance on the building.