you are given the following cost and volume information: Volume total cost (in units) (in $)...
you are given the following cost and volume information:
Volume total cost
(in units) (in $)
200 $1,000
400 $2,000
600 $3,000
Which type of cost is given
A. variable
B. Fixed
C. Step
D. Mixed
Homework Answers
| Correct option is: A. Variable | ||
| Explanation: | ||
| Volume (in units) | Total Cost | Cost per unit |
| (i) | (ii) | (ii) / (i) |
| 200 | $ 1,000 | $ 5 |
| 400 | $ 2,000 | $ 5 |
| 600 | $ 3,000 | $ 5 |
| The per unit cost at each level of volume is same. Therefore, the nature of the cost is variable | ||
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you are given the following cost and volume information:
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