Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please slove numbers 2,3,4 and 6 With a variable cost, as the level of activity decreases, the total cost remains the same. True False Question

please slove numbers 2,3,4 and 6
image text in transcribed
image text in transcribed
image text in transcribed
With a variable cost, as the level of activity decreases, the total cost remains the same. True False Question 3 The contribution margin is the difference between sales and fixed costs. True False Contribution margin = Sales revenue Total variable costs. True False Suppose you are charged a $10 per month base charge for your electrical service. You are also charged an additional $0.08 for every kwh of electricity you use. The cost is an example of a mixed cost. variable cost. fixed cost. step cost. With a variable cost, as the level of activity decreases, the total cost remains the same. True False Question 3 The contribution margin is the difference between sales and fixed costs. True False Contribution margin = Sales revenue Total variable costs. True False Suppose you are charged a $10 per month base charge for your electrical service. You are also charged an additional $0.08 for every kwh of electricity you use. The cost is an example of a mixed cost. variable cost. fixed cost. step cost

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

Recommended Textbook for

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

19th Edition

1292255994, 9781292255996

More Books

Students also viewed these Accounting questions