Homework Answers
Answer :They are constant within certain range of activity but differ ootside those range of activity.
Explanation
Step costs are expenses which are constant for given level of activity ,But increase or decrease once a threshold is crossed.
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QUESTION 19 Which of the following is true about step costs: They are variable within narrowly...
Which of the following is true about step costs:
Which of the following is true about step costs: They are variable within narrowly defined ranges of activity but differ outside those ranges of activity They increase with each additional unit produced They have no relation to the number of units produced They are constant within certain ranges of activity but differ outside those ranges of activity
Which of the following costs is classified as a period cost under variable costing? O a....
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Question 16 1 pts Which of the following is true about the behavior of costs, as...
Question 16 1 pts Which of the following is true about the behavior of costs, as a firm' production increases? Variable costs per unit decrease. Fixed costs per unit decrease and variable costs per unit stay the same. Fixed costs per unit increase. Fixed costs per unit stay the same and variable costs per unit increase.
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...
11) Which of the following statements is TRUE about fixed and variable costs? a) Variable costs...
11) Which of the following statements is TRUE about fixed and variable costs? a) Variable costs are constant in total and fixed costs are constant per unit. b) Both costs are constant when considered on a total basis. c) Both costs are constant when considered on a per unit basis. d) Fixed costs are constant in total and variable costs are constant per unit. Answer: (3 points) TEST 12) Marlowe Company currently leases a delivery truck from Burton Enterprises for...
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.
QUESTION 2 The following are types of costs that react to changes in activity except: A....
QUESTION 2 The following are types of costs that react to changes in activity except: A. Fixed B. Step C. Unexpired D. Mixed QUESTION 3 Which of the following is true about Variable Cost: A. The variable total cost remains constant throughout the relevant range. B. The variable unit cost is varies through the relevant range. C. The variable unit cost varies inversely with changes in the activity the relevant range. D. The variable unit cost is constant through...
Which of the following is a correct statement about fixed costs? Fixed costs will increase as...
Which of the following is a correct statement about fixed costs? Fixed costs will increase as output increases. If the firm does not produce, fixed costs will be equal to zero Fixed costs are only one-time costs of starting a business. If a firm's fixed cost is $10,000, that will be the same whether it produces 10 units or 100 units Which of the following is a correct statement about variable costs? If the firm does not produce, variable costs...
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
The company has manufacturing costs which consist only of fixed and variable costs (no step costs,...
The company has manufacturing costs which consist only of fixed and variable costs (no step costs, no non linear costs). When they produced 206093 units their fixed manufacturing costs were found to be 849,237, while total manufacturing costs per unit were 13. How much would their costs be expected to be for 206,581 units?
Which of the following costs is classified as a period cost under variable costing? O a. Fixed manufacturing overhead O b. Variable manufacturing overhead O c. The cost of direct materials O d. The cost of direct labor Which of the following is true of a fixed cost? O a. Fixed costs in total vary in direct proportion to changes in output within the relevant range. O b. The per unit fixed cost increases with an increase in the level...
Question 16 1 pts Which of the following is true about the behavior of costs, as a firm' production increases? Variable costs per unit decrease. Fixed costs per unit decrease and variable costs per unit stay the same. Fixed costs per unit increase. Fixed costs per unit stay the same and variable costs per unit increase.
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...
11) Which of the following statements is TRUE about fixed and variable costs? a) Variable costs are constant in total and fixed costs are constant per unit. b) Both costs are constant when considered on a total basis. c) Both costs are constant when considered on a per unit basis. d) Fixed costs are constant in total and variable costs are constant per unit. Answer: (3 points) TEST 12) Marlowe Company currently leases a delivery truck from Burton Enterprises for...
Which of the following is a correct statement about fixed costs? Fixed costs will increase as output increases. If the firm does not produce, fixed costs will be equal to zero Fixed costs are only one-time costs of starting a business. If a firm's fixed cost is $10,000, that will be the same whether it produces 10 units or 100 units Which of the following is a correct statement about variable costs? If the firm does not produce, variable costs...
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
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