Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose the correct description of variable and fixed costs. OA. A variable coat is related to a particular con object and can be roed to

image text in transcribed
Choose the correct description of variable and fixed costs. OA. A variable coat is related to a particular con object and can be roed to it in an economically tatible way, such as the cost of bel in the manufacturing of a wory car. A red cost is related to particular cout object but cannot be traced to in economically way, such as the story of a plant manager who oversees production of many different types of sury care produced at the same plant On A variable cost is considered to be a unit cost such as the perde cost of hiring a musical group to perform at an event. A five coat is considered to be a total cost auch as the total fee paid to them group for performing at the event Oc. A variable cost changes in total in proportion to changes in the related level of total activity or volume, such as a sales commission that is a percentage of each sales revenue dollar Afeed cost remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume, such as a food annual leasing cost of a machine OD. All of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago