Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components.
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Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variable components.
Comment on factors likely to affect the accuracy of the analysis of costs into fixed and variables components. (The answer should describe the different techniques used to analyse fixedand variable costs, and illustrate the weaknesses of specific methods).
For purposes of analysis, mixed costs can generally be separated into their variable and fixed components. True False
________ is an underlying assumption of cost-volume-profit analysis. A : All costs can be classified as either variable or fixed with reasonable accuracy B : Changes in activity and other factors affect costs C : The behavior of both costs and revenues is curvilinear throughout the entire range of the activity index D : All units produced are either sold or in ending inventory
2. 3. LULU with the fleet of trucks. Express the variable and fixed costs in the form Y = a +bX. If a truck were driven 80,000 kilometers during a year, what total oper expect to be incurred? a year, what total operating cost would you EXERCISE 5A-4 High-Low Method; Scattergraph Analysis L05-10 Archer Company is a wholesaler of custom-built air-conditioning unit It gathered the following monthly data relating to units shipped and total shipping m-built air-conditioning units for commercial...
3 – A2 Division of Mixed Costs into Variable and Fixed Components Molly Flutie, president of First Tool, Co., has asked for information about the cost behavior of manufacturing support costs. Specifically, she wants to know how much support cost is fixed and how much is variable. The following data are the only records available: Month Machine Hours Support Costs May 1,700 $ 22,000 June 1,600 21,000 July 1,500 19,500 August 1,400 18,500 September 1,300 18,000...
Which of the following assumptions made when using C-V-P analysis might affect the validity of the analysis? Group of answer choices Costs can be accurately separated into fixed and variable components. Neither statement is correct Both statements are correct Fixed costs remain fixed and variable costs per unit do not change over the activity levels of interest.
3 – A2 Division of Mixed Costs into Variable and Fixed Components Molly Flutie, president of First Tool, Co., has asked for information about the cost behavior of manufacturing support costs. Specifically, she wants to know how much support cost is fixed and how much is variable. The following data are the only records available: Month Machine Hours Support Costs May 1,700 $ 22,000 June 1,600 21,000 July 1,500 19,500 August 1,400 18,500 September 1,300 18,000...
Relevant Range and Fixed and Variable Costs Third World Gamer Inc. manufactures components for computer games within a relevant range of 114,000 to 182,400 disks per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 114,000 144,000 182,400 Total costs: Total variable costs $49,020 Total fixed costs 54,720 Oos Total costs $103,740 Cost per unit: D Variable cost per unit Fixed cost per unit C Total cost per unit Complete the cost schedule...
Donner Company would like to estimate the variable and fixed components of its maintenance costs and has compiled the following data for the last five months of operations. Maintenance Labor Hours Cost January 160 130 553 March 180 625 April 624 May 532 617 February 190 ngh 110_cond Using the high-low method of analysis, the estimated total fixed cost per month for maintenance is: A $ 418.00 B. S 405.50 C. $ 385.86 D. $ 218.50 E. None of the...
Relevant Range and Fixed and Variable Costs Third World Gamer Inc, manufactures components for computer games within a relevant range of 114,000 to 182,400 disks per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 114,000 144,000 182,400 Total costs: Total variable costs $49,020 Total fixed costs 54,720 Sea es Total costs $103,740 Cost per unit: Variable cost per unit () (m) Fixed cost per unit Total cost per unit (0) (0) Complete...