![[Ch5-1] A fixed cost, within the relevant range and in the short term, Select one: O a. is fixed and unchanging. O b. may var](http://img.homeworklib.com/questions/8d464400-0ed6-11eb-91c6-cd4a2a6ed5f7.png?x-oss-process=image/resize,w_560)
![[Ch5-1] A variable cost, within the relevant range and in the short term, Select one: O a. varies per unit at every activity](http://img.homeworklib.com/questions/8db87310-0ed6-11eb-a7ed-d54cd7f99e28.png?x-oss-process=image/resize,w_560)
Homework Answers
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1. Option A Fixed cost as the name suggests, remains fixed within the relavent range of production. Per unit of fixed cost is inversely proportional to the production. |
| 2. Option D |
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[Ch5-1] A fixed cost, within the relevant range and in the short term, Select one: O...
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.
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its...
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? I. As the cost driver level increases, total fixed cost remains unchanged. II. As the cost driver level increases, unit fixed cost increases III. As the cost driver level decreases, unit variable cost decreases. 1. I only is correct. 2. I, II, and III are correct. 3. II and...
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.
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...
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its...
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? I. As the cost driver level increases, total fixed cost remains unchanged. II. As the cost driver level increases, unit fixed cost increases. III. As the cost driver level decreases, unit variable cost decreases. 1. I, II, and III are correct. 2. I and II only are correct. 3....
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.
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...
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.
A fixed cost is a cost which O A. remains constant per unit with changes in...
A fixed cost is a cost which O A. remains constant per unit with changes in the level of activity B. varies in total with changes in the level of activity O c. varies inversely in total with changes in the level of activity D. remains constant in total with changes in the level of activity
1. Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a...
1. Relevant Range and Fixed and Variable Costs Child Play Inc. manufactures electronic toys within a relevant range of 76,800 to 128,000 toys 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. Toys produced 76,800 96,000 128,000 Total costs: Total variable costs $27,648 d. $ j. $ Total 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.
Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity changes within the relevant range, which of the following statements is/are correct? I. As the cost driver level increases, total fixed cost remains unchanged. II. As the cost driver level increases, unit fixed cost increases III. As the cost driver level decreases, unit variable cost decreases. 1. I only is correct. 2. I, II, and III are correct. 3. II 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.
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...
A fixed cost is a cost which O A. remains constant per unit with changes in the level of activity B. varies in total with changes in the level of activity O c. varies inversely in total with changes in the level of activity D. remains constant in total with changes in the level of activity
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