Define fixed cost and variable cost and give an example of each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
A fixed cost is a cost that in total remains const...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Question Posted:
Students also viewed these Managerial Accounting questions
-
Define and give an example of each of the methods of gathering survey data. Under what circumstances should researchers choose a specific approach?
-
Define and give an example of each of the following costs for a merchandising company: (a) Fixed cost (b) Variable cost (c) Mixed cost.
-
Define and give an example of each of the following revenues for a service company: (a) Fixed revenue (b) Variable revenue (c) Mixed revenue.
-
Write the acceleration vector a at the point indicated as a sum of tangential and normal components. r(0) = (cos, sin 20), 0 =
-
The comparative statements of Beulah Company Limited are presented below. BEULAH COMPANY LIMITED Income Statement For the Years Ended December 31 BEULAH COMPANY LIMITED Statements of Financial...
-
Find the present value of each ordinary annuity. Payments of $5000 are made annually for 11 years at 6% compounded annually.
-
Reality TV and cosmetic surgery. Refer to the Body Image: An International Journal of Research (March 2010) study of the impact of reality TV shows on ones desire to undergo cosmetic surgery,...
-
Document for Analysis: Poorly Written Procedure E-Mail Your Task. Analyze the following poorly written e-mail message, and list its specific weaknesses. If your instructor directs, revise it. To:...
-
& Exit Trax Company manufactures 120 stationary bikes and 150 rowing machines with three activities. Activity rates to produce these products follow Activity Activity Rate Assembly $ 32 per direct...
-
Consider an experiment that consists of 2 rolls of a balanced die. If X is the number of 4s and Y is the number of 5s obtained in the 2 rolls of the die, find (a) The joint probability distribution...
-
Magnificent Modems, Inc., makes modem cards that are used in notebook computers. The company completed the following transactions during 2010. All purchases and sales were made with cash. 1. Acquired...
-
How can knowing cost behavior relative to volume fluctuations affect decision making?
-
The Hightown Council refused to increase the town budget. Robert Read was laid off from work on August 4, 2018. Earlier in the year he had been temporarily disabled from a job-related injury and had...
-
Determine dy/dr when 3x+4y = 3.
-
Problem 3. Doping a Semiconductor The following chemical scheme is used to introduce P-atoms as a dopant into a semiconductor - a silicon chip. POCI3 Cl POCI 3 vapor P P SiO2 + P(s) CVD coating Si...
-
The system shown in the following figure is in static equilibrium and the angle is equal to 34 degrees. Given that the mass1 is 8 kg and the coefficient of static friction between mass1 and the...
-
Pre-Writing step for a report for your boss on Richard Hackman's statement that using a team to complete a complex project may not be the best approach. Review your classmates' contributions to the...
-
For the graph of the equation x = y - 9, answer the following questions: the x- intercepts are x = Note: If there is more than one answer enter them separated by commas. the y-intercepts are y= Note:...
-
Calculate probabilities for the Bernoulli, binomial, and Poisson distributions, using the probability mass function and Excel functions.
-
Let (X. A. p) be a measure space. Show that for any A,B A, we have the equality: (AUB)+(An B) = (A) + (B).
-
What is the relationship between the action of salicylate or aspirin that researchers believe accounts for some of its therapeutic effects?
-
Lunn Inc. makes and sells lawn mowers for which it currently makes the engines. It has an opportunity to purchase the engines from a reliable manufacturer. The annual costs of making the engines are...
-
Jenkins Bike Company (JBC) makes the frames used to build its bicycles. During 2011, JBC made 20,000 frames; the costs incurred follow. Unit-level materials costs (20,000 units $45) ........$...
-
Levene Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales...
-
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
-
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
-
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...
Study smarter with the SolutionInn App