A cost is fixed with respect to one cost object. The same cost may be variable...
A cost is fixed with respect to one cost object. The same cost may be variable with respect to a different cost object.
T or F?
Homework Answers
True
The above statement is true
A cost is fixed with respect to one cost object and the same may be variable with respect to some other different cost object
Let us say for example rent of a factory premises is a fixed cost as fixed portion is incurred each year
In other case let us say we're a college hired a building rent of the premises is based on the number of students not on area is a variable cost as it based on number of students present hence it is variable one
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A cost is fixed with respect to one cost object. The same cost
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A strength of a shift in costs from a variable cost to a fixed cost may be: You have a predetermined expense each month with no variation, which may make planning easier. O You don't have to worry about budgeting when you shift to fixed costs since it is the same each month. O Sales will no longer be an important item to track, since the cost is now fixed and doesn't hinge on sales.
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