A Fixed Cost Is Best Described as

It decreases on a per-unit basis as production increases D. Prime cost 500000 - variable manufacture overhead 200000 - fixed manufacture overhead 150000 - variable selling and other expenses 40000 Variable costing and absorption costing.

Microeconomics Cost Functions Economics Lessons Cost Economics Notes

A measure of the extent to which an organizations costs are fixed.

. The cost of the certified operators would best be described as a. Direct material 25 direct labor 30 fixed manufacture overhead 45. A measure of the extent to which an organizations operations are financed by debt.

Which of the following best describes a fixed cost. It may change in total when such change is related to changes in production E. Upvote 0 Downvote 0 Reply 0 See More Answers.

Remains constant irrespective of the level of activity. Which one of the following is a purpose of cost allocation. Remains at the same level when output increases.

A fixed cost that would be considered a direct cost is. In the cost equation TC F vx v is best described as the. If costs are not responsive to changes in activity level then these costs can be best described as a.

Increases proportionately with output. O Costs that are incurred even if the firm is currently producing nothing - What can be said of a firms short-run supply curve. - Fixed costs are best described as.

Which one of the following best describes direct labor. A production supervisor s salary when the cost objective is the Production Department. Remains at the same level up to a particular level of output.

The following statement that best describes a fixed cost is. The method of inventory costing in which direct manufacturing costs and manufacturing overhead costs both variable and fixed are considered as inventoriable costs is best described as. Overhead cost is based on direct labor-hours.

The point where cumulative cash inflows on a project equal total cash outflows. The average rate for variable overhead is6 per hour. The term prime costs refers to.

The total cost line O d. The line of best fit may also be described as. As a result the minimum cost level that will be experienced is greater than zero.

Has a direct relationship with output. Conversion costs do not include. A measure of the extent to which an organizations contribution margin is sensitive to levels of debt.

125 Variable cost per unit. Under Dc it is classified as fixed cost and it is not included in per unit cost. Produces a single product and projects the following costs for a normal month in which 100 units are produced and sold.

The average cost of this lab time is 14 per hour. Fixed costs doesnot change in total even with the change in level of activities. A cost accountant s salary when the cost objective is a unit of product.

1 d Fixed costs is the costs that remain constant in total dollar amount as the level of activity changes. Answer added by md yeasin assistant accountant Ifaz traders. Annual fixed costs monthly contribution margin.

D true variable cost. Once a certain activity level is surpassed the cost will begin to increase beyond the base level since the variable component of the cost has been triggered. Month and a materials quantity variance for the plates used last month.

Total fixed costs for the month are 4375. It increases on a per-unit basis as production increases C. Rubber used to manufacture athletic shoes 4.

Has a direct relationship with output. The total fixed cost line O C. It may change in total when such change depends on production within the relevant range B.

A special sales order is received for 200 units of the product at a price of 20 per unit. Project investment annual net cash inflows. The total variable cost line O b.

Each operator is paid 20 per hour. A semi-fixed cost is a cost that contains both fixed and variable elements. Represents a fixed proportion of total costs.

Represents a fixed proportion of total costs. Fixed cost per unit variable cost per unit total variable cost total fixed cost The cost of the manufacturing direct labor will be treated as an expense on the income statement when the resulting payroll costs are paid payroll costs are incurred products are completed products are sold Rubium Micro Devices currently. 2 c The cost which has characteristics of both variable as well as fixed cost is called as mixed costs.

0 The line of best fit may also be described as. Costs are allocated to cost objects in many ways and for many reasons. It is constant per.

25 000 b. Dizzy employees a certified operator for each of its 35 rides. Cameras used in making smartphones 2.

An asymptote Question Transcribed Image Text. The cost of liability insurance would best be described as a. 400 000 d 6 400 000.

Insurance on factory building 3. For labor cost in the lab. Each month Burrel Incorporated produces 500 units of a product that has unit variable costs of 1700.

In cost terminology conversion costs consist of. The rental cost of a warehouse to store inventory when the cost objective is the Purchasing Department. The total variable cost line O b.

The total cost line O d. Compute a materials price variance for the plates purchased last. The total fixed cost line O c.

Identify whether each of the following is best described as a fixed variable or mixed cost with respect to product units. Fixed costs 8000 5000 Total variable costs 7700 6050 The selling price per unit is 300. When evaluating projects breakeven time is best described as.

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