Homework Answers
11.C) Varies in total in proportion to the changes in level of activity
Variable cost involves a cost the changes in total in direct proportion to the total value of output.Per unit variable cost wheres remains constant.Variable cost increase in total with the increase in total output and vice versa.
12.A) Variable cost
Variable cost involves a cost that remains the same at different levels of an activity.It changes in total but remains the same on a per unit basis
13.B) Direct labor
Fixed cost involves a cost that does not vary in total but changes per unit , it includes normally depreciation on equipment and buildings, property taxes and supervisory salaries whereas direct labor is normally included in variable cost as direct labor changes according to level of hours worked.
14.D) Relevant range
Relevant range is that span of activity within which a company or a firm expects to operate.The relevant range has a minimum and a maximum limit within which a company wants to be operational.
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11) A variable cost is a cost that a. varies per unit at every level of...
1.A variable cost is a cost that A) varies per unit at every level of activity....
1.A variable cost is a cost that A) varies per unit at every level of activity. B) occurs at various times during the year. C) varies in total in proportion to changes in the level of activity D) may or may not be incurred, depending on management's discretion. 2. The amount by which actual or expected sales exceeds break-even sales is referred to as A) contribution margin. B) unanticipated profit. C margin of safety. D) target net income.
parts a,b,c please, thank you!! 7. A cost which remains constant per unit at various levels...
parts a,b,c please, thank you!!
7. A cost which remains constant per unit at various levels of activity is a A) variable cost. B) fixed cost. C) mixed cost. D) manufacturing cost. 8. A fixed cost is a cost which A) varies in total with changes in the level of activity. B) remains constant per unit with changes in the level of activity. C) varies inversely in total with changes in the level of activity. D) remains constant in total...
If the level of activity increases within the relevant range: A) variable costs per unit and...
If the level of activity increases within the relevant range: A) variable costs per unit and total fixed costs stay the same. B) fixed cost per unit and total variable cost also increase. C) variable cost per unit and total cost also increase. D) total cost will increase and fixed cost per unit will stay the same.
Please indicate whether the following statements are true or false by circling a T or an...
Please indicate whether the following statements are true or false by circling a T or an F 1. Direct and indirect materials may both come from the same source 0 0 2. Factory overhead includes the cost of selling and advertising the product | 0 3. Fixed costs remain constant in total, the average fixed costs becomes progressively smaller as the level of activity increases 0 0 4. Work in process represent goods that have some or all raw materials,...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed cost in total remains constant. Spot Woman Cleaners Inc., operates a dry cleaning service. The table below shows the cost incurred at various levels of activity. Number of Dresses Cleaned 100 300 700 Total costs: Fixed costs Variable costs A 3000 D 2.000 F3000 B_SODO $ 15,000 G 3500D c_821 E_18000 $38,000 Total costs Cost (unit) per dress cleaned: Fixed cost Variable cost Total...
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.
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of...
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400,000 $600,000 $1,000,000 Variable costs 280,000 360,000 Contribution margin $120,000 $240,000 Total fixed costs $300,000 What is the weighted average contribution margin ratio? 50% 35% OOO 36% O 34% Question 32 4 pts Curtis Corporation's contribution margin is $25 per unit for Product A and...
Kaelker Corporation reports that at an activity level of 8,200 units, its total variable cost is...
Kaelker Corporation reports that at an activity level of 8,200 units, its total variable cost is $581,380 and its total fixed cost is $85,650. What would be the total cost, both fixed and variable, at an activity level of 8,400 units? Assume that this level of activity is within the relevant range. a. $683,760 b. $667,030 c. $675,165 d. $681,210
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. Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and...
1. Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity. Note: you need to calculate a total cost Assume that all of the activity levels mentioned in this problem are within the relevant range. Required: Predict the following items for Mateo Company: a) Variable cost per unit. (2 marks) b) Total fixed cost per period. (2 marks) c) Total expected costs at the 18,000-unit level of activity....
1.A variable cost is a cost that A) varies per unit at every level of activity. B) occurs at various times during the year. C) varies in total in proportion to changes in the level of activity D) may or may not be incurred, depending on management's discretion. 2. The amount by which actual or expected sales exceeds break-even sales is referred to as A) contribution margin. B) unanticipated profit. C margin of safety. D) target net income.
parts a,b,c please, thank you!!
7. A cost which remains constant per unit at various levels of activity is a A) variable cost. B) fixed cost. C) mixed cost. D) manufacturing cost. 8. A fixed cost is a cost which A) varies in total with changes in the level of activity. B) remains constant per unit with changes in the level of activity. C) varies inversely in total with changes in the level of activity. D) remains constant in total...
Please indicate whether the following statements are true or false by circling a T or an F 1. Direct and indirect materials may both come from the same source 0 0 2. Factory overhead includes the cost of selling and advertising the product | 0 3. Fixed costs remain constant in total, the average fixed costs becomes progressively smaller as the level of activity increases 0 0 4. Work in process represent goods that have some or all raw materials,...
Exercise 1: Variable Costing (cost behavior): Remember that variable cost per unit remains constant and fixed cost in total remains constant. Spot Woman Cleaners Inc., operates a dry cleaning service. The table below shows the cost incurred at various levels of activity. Number of Dresses Cleaned 100 300 700 Total costs: Fixed costs Variable costs A 3000 D 2.000 F3000 B_SODO $ 15,000 G 3500D c_821 E_18000 $38,000 Total costs Cost (unit) per dress cleaned: Fixed cost Variable cost Total...
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.
Question 30 4 pts MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and tennis products. The following information is available: Standard Division Premium Division Total Sales $400,000 $600,000 $1,000,000 Variable costs 280,000 360,000 Contribution margin $120,000 $240,000 Total fixed costs $300,000 What is the weighted average contribution margin ratio? 50% 35% OOO 36% O 34% Question 32 4 pts Curtis Corporation's contribution margin is $25 per unit for Product A and...
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. Mateo Company's average cost per unit is $1.425 at the 16,000-unit level of activity and $1.38 at the 20,000-unit level of activity. Note: you need to calculate a total cost Assume that all of the activity levels mentioned in this problem are within the relevant range. Required: Predict the following items for Mateo Company: a) Variable cost per unit. (2 marks) b) Total fixed cost per period. (2 marks) c) Total expected costs at the 18,000-unit level of activity....
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