A cost driver: is the same as a fixed cost. is an activity that causes total...
A cost driver:
is the same as a fixed cost.
is an activity that causes total costs to change.
is the same as margin of safety.
is a method of calculating mixed costs.
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A cost driver:
is the same as a fixed cost.
is an activity that causes total...
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs...
Cost driver activity and cost for Oct and Nov, respectively are shown below. The mixed costs for Nov were cost driver 5,000 10,000 Variable cost $10,000 ? Fixed cost 30,000 ? Mixed cost 20,000 ? Total cost 60,000 75,000 Group of answer choices $20,000 $25,000 $40,000 $35,000
Please explain the characteristics of a variable cost and fixed cost and as activity increases how...
Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain the same). Please explain the characteristics of a mixed cost and how the High-Low Method is used to calculate variable cost per unit and fixed costs. How can the High-Low Method be used to predict variable costs and fixed costs given a certain level of activity. (please type out answer)
51. If the activity level increases, what happens to the total fixed cost? a. It decreases....
51. If the activity level increases, what happens to the total fixed cost? a. It decreases. b. It increases. c. It remains the same. d. It depends on how much the activity level increases. 52. If the activity level increases, what happens to the unit fixed cost? a. It decreases. b. It increases. c. It remains the same. d. It depends on how much the activity level increases. 53. If activity level increases, what happens to the unit variable cost?...
When a mixed cost is graphed the slope of the line equals: The total fixed cost....
When a mixed cost is graphed the slope of the line equals: The total fixed cost. The variable cost per unit of the activity driver. The sales price per unit. The total variable cost.
In the relevant range, fixed overhead costs do not vary with cost driver activity. True False
In the relevant range, fixed overhead costs do not vary with cost driver activity. True False
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption...
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Term Definition A. The way in which total cost behaves or changes, when some measure...
Explain the difference between variable cost, fixed cost and mixed cost. What causes changes in these...
Explain the difference between variable cost, fixed cost and mixed cost. What causes changes in these costs? What makes them increase or decrease? Give three examples of each and explain how each example meets the criteria of fixed, variable and mixed.
the drop down list has contribution margin contribution margin income statement contribution margin ratio fixed cost...
the
drop down list has
contribution margin
contribution margin income statement
contribution margin ratio
fixed cost
full absorption costing
linearity assumption
mixed cost
relevent range
scattergraph
step variable cost
unit contribution margin
variable cost
variable costing
none of these is correct
some terms may repeat
Check my work Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) 0.3 points...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total...
At an activity level of 20,000 units produced, fixed costs total $30,000 and variable costs total $67,000. Assuming that this activity is within the relevant range, if 25,000 units are produced, then: Select one: a. total fixed costs are expected to be $37,500. b. variable cost per unit is expected to equal $2.68. c. fixed cost per unit is expected to equal $1.20. d. total cost per unit is expected to equal $3.88. Paine Company wishes to determine the fixed...
A cost that changes in total dollar amount with the change in the level of activity is known as:
A cost that changes in total dollar amount with the change in the level of activity is known as: Fixed cost Variable cost Conversion cost Mixed cost
51. If the activity level increases, what happens to the total fixed cost? a. It decreases. b. It increases. c. It remains the same. d. It depends on how much the activity level increases. 52. If the activity level increases, what happens to the unit fixed cost? a. It decreases. b. It increases. c. It remains the same. d. It depends on how much the activity level increases. 53. If activity level increases, what happens to the unit variable cost?...
Contribution margin Contribution margin income statement Contribution margin ratio Fixed cost Full absorption costing Linearity assumption Mixed cost Relevant range Scattergraph Step-variable cost Unit contribution margin Variable cost Variable costing None of these are correct Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Term Definition A. The way in which total cost behaves or changes, when some measure...
Explain the difference between variable cost, fixed cost and mixed cost. What causes changes in these costs? What makes them increase or decrease? Give three examples of each and explain how each example meets the criteria of fixed, variable and mixed.
the
drop down list has
contribution margin
contribution margin income statement
contribution margin ratio
fixed cost
full absorption costing
linearity assumption
mixed cost
relevent range
scattergraph
step variable cost
unit contribution margin
variable cost
variable costing
none of these is correct
some terms may repeat
Check my work Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) 0.3 points...
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