Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements related to CVP chart is not true? O a. The slope of the total cost line determines the variable cost

image text in transcribed

Which of the following statements related to CVP chart is not true? O a. The slope of the total cost line determines the variable cost per unit. O b. None of the given answers. Oc. The intercept between the total cost line on a graph and the y-axis determines the fixed cost. O d. To determine the variable cost per unit from a graph, the change in units is divided by the change in cost. O e. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. Of. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume

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

Contemporary Auditing Real Issues And Cases

Authors: Michael Chris Knapp

9th International Edition

1133187900, 978-1133187905

More Books

Students also viewed these Accounting questions

Question

CFD is highly risky. Do you agree? Give reasons for your answer.

Answered: 1 week ago

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago