Homework Answers
| Option B is the answer | |
| Fixed costs are those costs as the name suggests stay fixed even when the output changes within the relevant range. Property taxes are fixed because they don't change based on output produced. |
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Which of the following costs is most likely to remain fixed within a relevant range? a....
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on...
11) True or False: As activity decreases within the relevant range, fixed costs remain constant on a per unit basis. 13) True or False: Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost.
Anwser all multiple choice Multiple Choice (3 points each) 0 costs include all of the following event A wages of...
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
Explanation not necessary The activity base for service industries is most likely to be A direct...
Explanation not necessary The activity base for service industries is most likely to be A direct labor cost B. administrative salaries C. direct labor hours D. machine hours Which of the following is a conversion cost? A direct materials B. raw materials c. administrative expenses D. factory depreciation expenses Which of the following is a prime cost? A indirect materials B. direct labor C. factory depreciation expenses D. administrative expenses Assigning indirect costs to specific jobs is completed by which...
What does the term "relevant range" mean? Multiple Choice The range within which the relevant costs...
What does the term "relevant range" mean? Multiple Choice The range within which the relevant costs are incurred. The range within which production may vary. The range within which costs may fluctuate. The range within which a particular cost formula is valid.
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within...
Relevant Range and Fixed and Variable Costs Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 100,800 to 165,600 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Memory chips produced 100,800 128,800 165,600 Total costs: Total variable costs $41,328 d. $ j. $...
2. Total fixed costs regardless of changes in activity level (within a relevant range) Fixed costs...
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.
Determine the relevant range of activity for this product. Calculate the variable costs per unit within...
Determine the relevant range of activity for this product.
Calculate the variable costs per unit within the relevant
range.
Indicate the fixed cost within the relevant range.
Determine the relevant range of activity for this product The relevant range of activity for this product units LINK TO TEXT Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places, e.g. 1.25.) Variable costs per unit per unit LINK TO TEXT Indicate the fixed cost within...
Which one of the following statements about cost behaviour is true? Select one: Fixed costs per...
Which one of the following statements about cost behaviour is true? Select one: Fixed costs per unit vary with the level of activity. Variable costs per unit are not constant within the relevant range. Total fixed costs are not constant within the relevant range. Total variable costs are constant within the relevant range. Pizza Paradise makes and sells only one kind of Pizza; Hawaiian Pizza, which is made with a key ingredient, Pineapple slices. Classify the Pineapple slices used in...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
Relevant Range and Fixed and Variable Costs Third World Gamer Inc. manufactures components for computer games within a...
Relevant Range and Fixed and Variable Costs Third World Gamer Inc. manufactures components for computer games within a relevant range of 76,800 to 128,000 disks per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 76,800 96,000 128,000 Total costs: (d) Total variable costs $27,648 (j) 30,720 (e) (k) Total fixed costs |(f) $58,368 (I) Total costs Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) |(h)...
Anwser all multiple choice
Multiple Choice (3 points each) 0 costs include all of the following event A wages of production workers B. depreciation on factory equipment C. factory utilities D. direct materials purchased 10) Which of the following is not considered a product cost? A direct materials B. direct labor C. indirect materials D. selling expense 11) Fixed costs are expenses that A. vary in response to changes in activity level B. remain constant on a per-unit basis C....
Explanation not necessary The activity base for service industries is most likely to be A direct labor cost B. administrative salaries C. direct labor hours D. machine hours Which of the following is a conversion cost? A direct materials B. raw materials c. administrative expenses D. factory depreciation expenses Which of the following is a prime cost? A indirect materials B. direct labor C. factory depreciation expenses D. administrative expenses Assigning indirect costs to specific jobs is completed by which...
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.
Determine the relevant range of activity for this product.
Calculate the variable costs per unit within the relevant
range.
Indicate the fixed cost within the relevant range.
Determine the relevant range of activity for this product The relevant range of activity for this product units LINK TO TEXT Calculate the variable costs per unit within the relevant range. (Round answer to 2 decimal places, e.g. 1.25.) Variable costs per unit per unit LINK TO TEXT Indicate the fixed cost within...
Which one of the following statements about cost behaviour is true? Select one: Fixed costs per unit vary with the level of activity. Variable costs per unit are not constant within the relevant range. Total fixed costs are not constant within the relevant range. Total variable costs are constant within the relevant range. Pizza Paradise makes and sells only one kind of Pizza; Hawaiian Pizza, which is made with a key ingredient, Pineapple slices. Classify the Pineapple slices used in...
O Variable costs per unit remain the same regardless of the volume. Question 7 2.5 pts Which of the following costs are most likely to be classified as variable? Factory rent Manager salaries Insurance Direct materials Straight-line depreciation 2.5 pts Question 8 Which of the following costs are most likely to be classified as fixed? Differential cost Question 6 2.5 pts Which one of the following statements is not true? Total fixed costs remain the same regardless of volume within...
Relevant Range and Fixed and Variable Costs Third World Gamer Inc. manufactures components for computer games within a relevant range of 76,800 to 128,000 disks per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 76,800 96,000 128,000 Total costs: (d) Total variable costs $27,648 (j) 30,720 (e) (k) Total fixed costs |(f) $58,368 (I) Total costs Cost per unit: Variable cost per unit (a) (g) (m) Fixed cost per unit (b) |(h)...
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