Cost behavior refers to: Costs that are both good and bad. Costs that are variable or...
Cost behavior refers to:
Costs that are both good and bad.
Costs that are variable or fixed.
Costs that decrease at a quicker rate than others.
Costs that increase at a quicker rate than others.
None of these.
Homework Answers
Correct answer-------------Costs that are variable or fixed.
.
Cost behavior is a kind of analysis to ascertain which cost are fixed as to relevant range of activity and which costs are variable. Fixed cost remain same in totality whereas variable cost changes with change in activity level. The cost behavior indicate the expected change in cost with any change in activity.
Add Answer to:
Cost behavior refers to:
Costs that are both good and bad.
Costs that are variable or...
Cost behavior: (check all that apply) A. refers to how a cost will change as activity...
Cost behavior: (check all that apply) A. refers to how a cost will change as activity level changes B. is the relative proportion of each type of cost in an organization C. is a detailed analysis technique used to determine whether costs are fixed or variable D. categorizes costs as fixed, mixed and variable
-Identify the following costs: x Fixed Cost x Variable Cost x Mixed Cost -Explain the behavior...
-Identify the following costs: x Fixed Cost x Variable Cost x Mixed Cost -Explain the behavior of a fixed cost, in total and per unit, when the activity level changes. -Explain the behavior of a variable cost, in total and per unit, when the activity level changes.
Question 16 1 pts Which of the following is true about the behavior of costs, as...
Question 16 1 pts Which of the following is true about the behavior of costs, as a firm' production increases? Variable costs per unit decrease. Fixed costs per unit decrease and variable costs per unit stay the same. Fixed costs per unit increase. Fixed costs per unit stay the same and variable costs per unit increase.
Question 5 Cost structure O refers to the relative proportion of fixed versus variable costs that...
Question 5 Cost structure O refers to the relative proportion of fixed versus variable costs that a company incurs generally has little impact on profitability refers to the relative proportion of operating versus nonoperating costs that a company incurs cannot be significantly changed by companies
A company would like to classify its costs according to cost behavior. The following data is...
A company would like to classify its costs according to cost behavior. The following data is available about one of its costs: Q1 Q2 Q3 Production in Units 6,000 7,000 5,800 Cost 120,000 140,000 116,000 The cost behavior is best described as a. None of above b. Variable Cost c. Fixed Cost d. Mixed Cost
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee...
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,500 and the variable cost per cup of coffee served is $0.71. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round the Average cost per cup of coffee served...
Abensan Company sells a single product. If both the selling price and variable cost per unit...
Abensan Company sells a single product. If both the selling price and variable cost per unit increase by 5% and fixed costs remain steady, then contribution margin per unit and break- even point in units will, respectively, decrease and increase. increase and remain unchanged. decrease and remain unchanged. O increase and decrease.
QUESTION 4 The term variable costs refers to O prices of inputs that vary a lot...
QUESTION 4 The term variable costs refers to O prices of inputs that vary a lot increases in the prices of any input costs that vary with the type of final product being produced costs that vary with the quantity of output being produced QUESTION 5 If a firm's marginal cost exceeds its marginal revenue, then O profit is negative the firm should shut down cutting back production will increase profits the firm should reduce its per-unit cost by increasing...
True or False: The term full cost refers to the cost of manufacturing and selling a...
True or False: The term full cost refers to the cost of manufacturing and selling a unit of product and includes both fixed and variable costs. True or False: The fixed cost per unit is considered constant despite the changes in volume of activity within the relevant range
4. If labeled as variable (or semi-variable) costs, identify the cost driver: ITEMS TYPE OF COST...
4. If labeled as variable (or semi-variable) costs, identify the cost driver: ITEMS TYPE OF COST Product Cost Product cost involves a number of cost that include both fixed and variable costs. For example Rent, Normal Profit, Depreciation etc. example of Fixed Cost and Veritable Costs are depend on Output. So we can say that it is a Semi-variable Cost. Carrying Cost It means cost incurred to carry the goods in your godown for storage. It is also known as...
Question 16 1 pts Which of the following is true about the behavior of costs, as a firm' production increases? Variable costs per unit decrease. Fixed costs per unit decrease and variable costs per unit stay the same. Fixed costs per unit increase. Fixed costs per unit stay the same and variable costs per unit increase.
Question 5 Cost structure O refers to the relative proportion of fixed versus variable costs that a company incurs generally has little impact on profitability refers to the relative proportion of operating versus nonoperating costs that a company incurs cannot be significantly changed by companies
Exercise 2-4 Fixed and Variable Cost Behavior [LO2-4] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,500 and the variable cost per cup of coffee served is $0.71. Required: 1. Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a coffee stand. (Round the Average cost per cup of coffee served...
Abensan Company sells a single product. If both the selling price and variable cost per unit increase by 5% and fixed costs remain steady, then contribution margin per unit and break- even point in units will, respectively, decrease and increase. increase and remain unchanged. decrease and remain unchanged. O increase and decrease.
QUESTION 4 The term variable costs refers to O prices of inputs that vary a lot increases in the prices of any input costs that vary with the type of final product being produced costs that vary with the quantity of output being produced QUESTION 5 If a firm's marginal cost exceeds its marginal revenue, then O profit is negative the firm should shut down cutting back production will increase profits the firm should reduce its per-unit cost by increasing...
Most questions answered within 3 hours.
-
An elevator has a placard stating that the maximum capacity is
1240 lb—8 passengers. So, 8...
asked 29 seconds from now -
using collision theory and transition state theory, explain the
action of a heterogenous catalyst? and same...
asked 20 minutes ago -
What substance is used to characterize an acid?
H2O Water
OH- Hydroxide Ion
H3O+ Hydronium Ion...
asked 37 minutes ago -
Which of the following secondary messengers are produced from
the cleavage of phosphatidylinositol 4,5-bisphosphate
(PIP2) by...
asked 48 minutes ago -
Minhat and Abdullah (2016) suggest that paying bankers with
stock options can
generate two types of...
asked 49 minutes ago -
Need help on these questions ?
1.) Steroid hormones trigger transcription of target genes
by...
...
asked 55 minutes ago -
2. Calculate the moment of inertia for a solid cylinder with a
mass of 100g and...
asked 58 minutes ago -
I have a table but while I was practicing with the other
examples I notice that...
asked 1 hour ago -
A glass electrode is calibrated using two standards and the
voltage of the electrode in each...
asked 1 hour ago -
I need new and unique answers, please. (Use your own
words, don't copy and paste), Please...
asked 1 hour ago -
What is the silver ion concentration in a solution prepared by
mixing 475 mL 0.369 M...
asked 1 hour ago -
QUESTION 1
What does “ICE” stand for, with respect to chemical
reactions?
Immigration and Customs
Enforcement...
asked 1 hour ago