a) fixed
Fixed costs are the costs that does not change no matther how much of goods is produced.
In other words, these are the economic costs for inputs that remain fixed at all quantities of output.
Question 9 (1 point) If costs are not responsive to changes in activity level, then these...
Answer these questions below 1. This costs changes in total with each level of volume or activity A. Fixed B. Variable C. Mixed D. None of these 2. In total this cost remains constant despite changes in activity or sales volumes A. Fixed B. Variable C. Mixed D. None of these 3. On a per unit basis this cost remain constant A. Fixed B. Variable C. Mixed D. None of these 4. On per unit basis this cost increases with...
can someone help me with 7 please planned results Company's external financial statements ly done orally in departmental meetings appears on periodic budget reports. 6 If costs are not responsive to changes in activity level, then these costs can be best described as mixed b. flexible. c. variable. d. fixed. A department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget report reflects $1,044,000 for total budgeted manufacturing Eost for the...
regardless of changes in activity level Variable costs per unit 1. with changes in activity level Total variable cost
1. Total fixed costs change as the level of activity changes. true or false? 2. Variable costs are costs that remain constant on a per-unit basis as the level of activity changes. true or false? 3. Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio. true or false 4. The data required for determining the break-even point for a business are the total estimated fixed costs for a period stated as a percentage...
QUESTION 2 The following are types of costs that react to changes in activity except: A. Fixed B. Step C. Unexpired D. Mixed QUESTION 3 Which of the following is true about Variable Cost: A. The variable total cost remains constant throughout the relevant range. B. The variable unit cost is varies through the relevant range. C. The variable unit cost varies inversely with changes in the activity the relevant range. D. The variable unit cost is constant through...
Within the relevant range, the change in activity level will result in ): a. No changes in either total fixed costs or total variable costs. b. A change in total fixed cost and no changes in total variable costs. c. A change in total variable cost and no changes in total fixed costs. d. A change in both of total fixed costs and total variable costs.
A cost that changes in total dollar amount with the change in the level of activity is known as: Fixed cost Variable cost Conversion cost Mixed cost
2. Total fixed costs regardless of changes in activity level (within a relevant range) Fixed costs per unit in proportion to changes in activity level.
Question 2 (1 point) The master budget of Windy Co. shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720,000 Machine supplies 180,000 Indirect materials 210,000 Depreciation on factory building 150,000 Total manufacturing overhead $1.260,000 A flexible budget for a level of activity of 60,000 machine hours would show total manufacturing overhead costs of $1,482,000 O $1.260,000 $1,512,000 51.362,000
Exercise 24-8 (Part Level Submission) Rensing Groomers is in the dog-grooming business. Its operating costs are described by the following formulas: Grooming supplies (variable) Direct labor (variable) Overhead (mixed) y $0 +$3x Y $0 + $13x Y $10,400 + $1x Milo, the owner, has determined that direct labor is the cost driver for all three categories of costs. Prepare a flexible budget for activity levels of 510, 590, and 660 direct labor hours. (List variable costs before fixed costs.) RENSING...