What is a mixed cost? If the activity level increases, what happens to the total cost incurred?
Question:
What is a mixed cost? If the activity level increases, what happens to the total cost incurred? Give three examples of a mixed cost.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
A mixed cost is a cost that has both fixed and variable components As th...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during 2011. Indirect labor amounted to $2,700 while indirect materials used totaled $1,600. Other operating...
-
Give three examples of product cost definitions. Why do we need different product cost definitions?
-
What is a spontaneous process? Give three examples of spontaneous processes. Give three examples of nonspontaneous processes.
-
Show that = E[(m(X) - X'p)] B = argmind (b) = (E[XX']) E[Xm(X)] = [E[XX'])E[XY]. berk Hint: To show E[Xm(X)] = E[XY] use the law of iterated expectations. then
-
Calculate the expression for the natural frequency of the system shown in Figure. Disregard the pulley mass.
-
asnwer both please same numbers 4 Required information [The following information applies to the questions displayed below) Cardinal Company is considering a five-year project that would require a...
-
Give a hospitality example of each of the following: Trademark Patent Copyright Trade dress AppendixLO1
-
If the government wanted to encourage a monopoly to produce the socially efficient quantity, should it use a per-unit tax or a per-unit subsidy? Explain how this tax or subsidy would achieve the...
-
Discuss the process of retirement needs analysis including the various assumptions and steps in the process.
-
An oil company purchased an option on land in Alaska. Preliminary geologic studies assigned the following prior probabilities. P(high-quality oil) = 0.50 P(medium-quality oil) = 0.20 P(no oil) = 0.30...
-
Explain the concept of the relevant range. How does a companys relevant range differ from the steps found in a step cost?
-
Identify each of the following costs, incurred monthly by Furman Flower Cart, as fixed, variable, or mixed. Explain your reasoning. Bouquets Sold 2,000 4,000 6,000 $ 5,000 $ 6,000 $12,000 $15,000 $...
-
Compare and contrast business-to-business and consumer advertising in terms of audiences, media, and promotional techniques.
-
Absorption linewidth for an absorbing atomic transition. Consider the curves of power transmission T(w) = exp[-2am(w)L] through an atomic medium with a lorentzian resonant transition, plotted versus...
-
EXAMPLE 05.04 Z Write the force and the couple in the vector form (with rectangular/Cartesian components). Use C = 180 N-m and P = 500 N O INDIVIDUAL Submission (IS12) D x 400 mm B C 300 mm A 400 mm...
-
1.XYZ Corporation budgets factory overhead cost of P500,000 for the coming year. Compute for the overhead cost applied to the job. The following data are available: Budgeted annual overhead for...
-
OP Technologies Manufacturing manufactures small parts and uses an activity-based costing system. Activity Materials Assembling Packaging Est. Indirect Activity Costs $65,000 $242,000 $90,000...
-
3. Solve Example 3.7 (Bergman, Lavine, Incropera, and DeWitt, 6th Ed., pp. 129-132, or 7th Ed., pp. 145-149, or 8th Ed., pp. 134-138), but use the finite difference method. T T = 30C Insulation-...
-
Mike and Iris were flying home from the meeting. The audit committees reaction had not been what they expected. Im glad they understood the situation, Mike said. Id like you to start revising our...
-
Evenflow Power Co. is considering a new project that is a little riskier than the current operations of the company. Thus, management has decided to add an additional 1.5% to the company's overall...
-
Kipmar Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales...
-
Picasso's Pantry is a chain of arts and crafts stores. Results for the most recent year are as follows: Required a. What is Picassos Pantrys degree of operating leverage? b. If sales increase by 5%,...
-
A company that wants to "empower athletes everywhere," started out to produce a superior T-shirt that would help regulate an athlete's body temperature during workouts. The company has expanded its...
-
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments --Molding and Fabrication. It started, completed, and...
-
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $47,286 $63,900 Long-term debt 85,492...
-
On January 1, Year 1, Price Company issued $140,000 of five-year, 7 percent bonds at 97. Interest is payable annually on December 31. The discount is amortized using the straight-line method. Record...
Study smarter with the SolutionInn App