Homework Answers
56 B variable cost
57 A The total cost remains constant regardless of changes in the level of activity
58 C variable cost
59 D step cost
60 c total cost is an example of step cost
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56. Assume you are planning a spring break ski trip to Colorado. You are preparing a...
assume you are planning a spring break ski trip to Colorado. You are preparing a budget...
assume you are planning a spring break ski trip to Colorado. You are preparing a budget of your costs. You are staying at a lodge that has a special where the lodge charges you $80 per week for the ski lift regardless of how many times you ride. You believe you will ride the ski life 40 times during the week. The ski lift charge is an example of a
parts a,b,c please, thank you!! 7. A cost which remains constant per unit at various levels...
parts a,b,c please, thank you!!
7. A cost which remains constant per unit at various levels of activity is a A) variable cost. B) fixed cost. C) mixed cost. D) manufacturing cost. 8. A fixed cost is a cost which A) varies in total with changes in the level of activity. B) remains constant per unit with changes in the level of activity. C) varies inversely in total with changes in the level of activity. D) remains constant in total...
Please match appropriate letters and number with definition. A. Account Analysis B. Contribution ...
Please match appropriate letters and number with definition. A. Account Analysis B. Contribution Margin C. Contribution Margin ratio D. Constraint E. High-Low Method F. Margin of safety G. Profit Equation H. Relevant Range I. Semi variable J. Step Cost K. "what if" analysis L. Break even point M. Contribution margin per unit N. Contribution margin per unit of constraint O. Discretionary fixed cost P. Fixed cost Q. Mixed Cost R. Operating leverage X. Regression analysis Y. Scatter graph Z. Variable...
11) A variable cost is a cost that a. varies per unit at every level of...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
AC 204 - Introduction to Accounting II Chapter 5: Cost-Volume-Profit (CVP) Analysis CEG Ski Corporation Total...
AC 204 - Introduction to Accounting II Chapter 5: Cost-Volume-Profit (CVP) Analysis CEG Ski Corporation Total Per unit Sales 330,000 $ 550 $ Units sold = 600 Variable expenses 165,000 275 Contribution margin 165,000 $ 275 $ Fixed expenses 75,000 Net operating income 90,000 $ FOR EACH SITUATION, YOU NEED TO EVALUATE HOW THE CHANGES AFFECT CONTRIBUTION MARGIN AND HOW THE CHANGES AFFECT FIXED EXPENSES. Also, increase in fixed costs = decrease to income; decrease in fixed costs = increase...
Your company is considering an expansion and preparing budgets with and without the expanded activities. You...
Your company is considering an expansion and preparing budgets with and without the expanded activities. You have been asked to predict the cost of shipping at several different activity levels. You believe pounds shipped is a good cost driver and you have gathered historical data from the last 6 accounting periods, as summarized in the following table: Total cost of shipping Number of pounds shipped Period 1 93740 25000 Period 2 75040 19500 Period 3 82350 22400 Period 4 82260...
Understanding the nature of fixed and variable costs is extremely important to managers. This knowledge its...
Understanding the nature of fixed and variable costs is extremely important to managers. This knowledge its used in planning, making strategic and tactical decisions, evaluating performance, and controlling operations. Required: Form a team consisting of three persons. Each team member will be responsible for one of the following businesses: a. Dental clinic b. Fast-food restaurant c. Auto repair shop 1. For each business, decide what single measure best reflects the overall level of activity in the business and give examples...
Could you please break this down step by step Saxbury Corporation's relevant range of activity is...
Could you please break this down step by step
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 5.30 $ 3.65 $ 1.50 $ 3.90 $ 0.75 $ 0.60 $ 0.50 $ 0.50 Required: a. For...
You only have two attempts for this quiz. If you are unsure of the correct answer,...
You only have two attempts for this quiz. If you are unsure of the correct answer, feel free to check your notes or open another tab and re-watch the previous videos). You will not be able to see the correct answers until after the due date has passed, 1 point What is the cost equation? type your answer type your answer... type your answer + type your answer 0000 Toint Which numbers are the same no matter how many units...
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about...
Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy’s costs for the most recent month. epreciation on factory equipment $ 800 Depreciation on CEO's company car 100 Speakers used in the keyboard 1,100 Production supervisor's salary 2,800 Glue and screws used in the keyboards 370 Wages of persons who install the speakers 3,000 Cost to run an ad on local radio stations 600 Utilities for the factory 1,200 Personnel manager's salary 2,500...
parts a,b,c please, thank you!!
7. A cost which remains constant per unit at various levels of activity is a A) variable cost. B) fixed cost. C) mixed cost. D) manufacturing cost. 8. A fixed cost is a cost which A) varies in total with changes in the level of activity. B) remains constant per unit with changes in the level of activity. C) varies inversely in total with changes in the level of activity. D) remains constant in total...
11) A variable cost is a cost that a. varies per unit at every level of activity. b. occurs at various times during the year. c. varies in total in proportion to changes in the level of activity. d. may or may not be incurred, depending on management's discretion. 12) A cost which remains constant per unit at various levels of activity is a a. variable cost. b. fixed cost. c. mixed cost. d. manufacturing cost. 13) Fixed costs normally...
Could you please break this down step by step
Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 5.30 $ 3.65 $ 1.50 $ 3.90 $ 0.75 $ 0.60 $ 0.50 $ 0.50 Required: a. For...
You only have two attempts for this quiz. If you are unsure of the correct answer, feel free to check your notes or open another tab and re-watch the previous videos). You will not be able to see the correct answers until after the due date has passed, 1 point What is the cost equation? type your answer type your answer... type your answer + type your answer 0000 Toint Which numbers are the same no matter how many units...
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