Fixed costs are expenses that are not affected by consumer demand, so they can be estimated without an estimate of that demand when doing multinational capital budgeting.
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Statement is TRUE : . Fixed costs are expenses that are not affected by consumer demand, so they can be estimated without an estimate of that demand when doing multinational capital budgeting.
Fixed cost remain fixed and has no relation with demand by the consumer .
Fixed costs are expenses that are not affected by consumer demand, so they can be estimated...
Which of the following statements is true when referring to fixed costs? Fixed costs increase in total throughout the relevant range. As volume increases, unit fixed cost and total fixed cost will change. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. Committed fixed costs arise from the annual decisions by management.
True or False: Price and efficiency variances can be computed without using standard costs. a. True b. False True or False: In general, when two users share a facility such as a mailroom, the primary user would prefer that the common costs be allocated under the incremental method. a. True b. False
1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True or False 2.) Profit is the unit contribution margin multiplied by the number of units minus the fixed component of the total costs (TC). True or False 3.) The average selling price is $.60 per unit, the average variable cost is $.36 per unit, and the total fixed costs are $1,500. If operating profits of $900 are desired, what is...
A) As price increases, demand increases. B) As price increases, demand decreases. C) As demand increases, profit decreases. D) As price decreases, demand decreases. 2. One way a company can perform "what if budget analysis is by preparing a flexible bu A) True B) False 3. Budgeting often involves both monetary and nonmonetary measures of performance. A) True B) False 4. Which of the following budgets is prepared first? A) Cash budget B) Production budget C) Budgeted balance sheet D)...
In the market for a network good, the private demand curve lies to the right of the social demand curve. Question 7 options: a) False b) True Question 8 (1 point) The easier it is to substitute capital for labor, the more elastic is the demand for labor. Question 8 options: a) True b) False Question 9 (1 point) The demand for labor that arises from consumer demand for the firm's product and the productivity of labor is called: Question...
For purposes of analysis, mixed costs can generally be separated into their variable and fixed components. True False
21. Under variable costing, which of the following costs would be included in finished goods inventory? a.wages of carpenters in a furniture factory b.straight-line depreciation on factory equipment c.salary of vice-president of finance d.salary of salesperson 22. A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $170,000 Direct labor 360,000 Variable factory overhead 190,000 Fixed factory overhead 50,000 $770,000 Operating expenses: Variable operating expenses $ 60,000 Fixed...
Fixed costs include: a. variable labor expenses. b. output-related energy costs. c. output-related raw material costs. d. interest cost for a predetermined amount of borrowed capital.
All else equal, consumer demand for a good will be more elastic in the short run than in the long run. True False D Question 4 10 pts Food and drink purchased inside an airport or concert have higher prices than food and drink elsewhere because when consumers are in these locations demand is more (elastic, inelastic). When this is the case. sellers can earn more revenue by charging (higher, lower) prices. The reason that prices in these locations aren't...
7.Which of the following statements is true when referring to fixed costs? Multiple Choice Fixed costs increase in total throughout the relevant range. Committed fixed costs arise from the annual decisions by management. As volume increases, unit fixed cost and total fixed cost will change. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. 8 .Which of the following is an example of a period cost...