Within the relevant range, a change in activity results in a change in variable cost per...
Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost.
True or False
Homework Answers
Answer: FALSE
Explanation:
Relevant range of activity is that range of production volume for which the cost structure remains the same. It means that the total fixed costs and the unit variable costs remain the same within a particular range of activity, which, is called the 'relevant range'.
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Within the relevant range, a change in activity results in a
change in variable cost per...
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.
If the level of activity increases within the relevant range: O variable cost per unit and...
If the level of activity increases within the relevant range: O variable cost per unit and total cost also increase. O variable cost per unit and total fixed costs also increase. O fixed cost per unit and total variable cost also increase. O total cost will increase and fixed cost per unit will decrease.
If the level of activity increases within the relevant range: A) variable costs per unit and...
If the level of activity increases within the relevant range: A) variable costs per unit and total fixed costs stay the same. B) fixed cost per unit and total variable cost also increase. C) variable cost per unit and total cost also increase. D) total cost will increase and fixed cost per unit will stay the same.
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...
Within the relevant range, the change in activity level will result in ): a. No changes...
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.
Question 1 Fixed cost per unit continuously declines as production increases (within the relevant range). This...
Question 1 Fixed cost per unit continuously declines as production increases (within the relevant range). This is called economies of scale. True False Question 2 The coefficient of determination or R squared, in regression analysis, should be less than 0.75 to indicate a strong cost equation. True False Question 3 ABC Co. has fixed costs of $85,000. ABC wants to achieve an after-tax profit of $10,000. The selling price per unit is $100, and the variable cost per unit is...
3 As the volume of activity increases within the relevant range, the variable cost per unit...
3 As the volume of activity increases within the relevant range, the variable cost per unit a. decreases. b. decreases at first, then increases. c. remains the same. d. increases.
Within the relevant range, as the number of units produced increases: the variable cost per unit...
Within the relevant range, as the number of units produced increases: the variable cost per unit will increase O the fixed cost per unit will decrease O total variable costs will remain the same O total fixed costs will decrease
25) Variable costs vary in total and vary per unit (within the relevant range). True False...
25) Variable costs vary in total and vary per unit (within the relevant range). True False 26) On a CVP graph for a profitable company, the total revenue (sales) line will be steeper than the line representing total costs (variable costs and fixed costs). True False 28. Depreciation expense on an office copier used by the CEO in the administrative building is a product cost and a noncash expense. True False 29. One disadvantage of top down budgeting is budgetary...
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per...
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per year. Within this range, the following partially Vogel Inc. manufactures memory chips for electronic toys within 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. 100,300 123,200 158,400 $40,320 d. s 44,352 Memory chips produced Total costs: Total variable costs Total faxed...
If the level of activity increases within the relevant range: O variable cost per unit and total cost also increase. O variable cost per unit and total fixed costs also increase. O fixed cost per unit and total variable cost also increase. O total cost will increase and fixed cost per unit will decrease.
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...
Within the relevant range, as the number of units produced increases: the variable cost per unit will increase O the fixed cost per unit will decrease O total variable costs will remain the same O total fixed costs will decrease
Relevant Range and Fixed and Variable Costs relevant range of 100,800 to 158.400 memory chips per year. Within this range, the following partially Vogel Inc. manufactures memory chips for electronic toys within 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. 100,300 123,200 158,400 $40,320 d. s 44,352 Memory chips produced Total costs: Total variable costs Total faxed...
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