Why is a cost referred to as variable if it remains constant per unit for all volume
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
A cost is referred to as variable cost even if it remains co...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Cost Accounting Traditions and Innovations
ISBN: 978-0324026450
4th edition
Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael
Question Posted:
Students also viewed these Managerial Accounting questions
-
Manchester Technology, Inc. manufactures several different types of printed circuit boards: however, two at the boards account for the majority of the companys sales. The first of these boards, a...
-
Ultratech, Inc., manufactures several different types of printed circuit boards; however, two of the boards account for the majority of the companys sales. The first of these boards, a television...
-
Pelican Stores, a division of National Clothing, is a chain of women's apparel stores operating throughout the USA. The chain recently ran a promotion which discount coupons were sent to customers of...
-
Given a risk-adjusted discount rate of 14%, calculate the discounted payback period for the following cash flow of a project. If the maximum target discounted payback period is 3 years, comment on...
-
Procter & Gamble is the largest manufacturer of consumer household products in the United States. The selected entries at the top of the following page were disclosed on the statement of...
-
The final test and exam averages for 20 randomly selected students taking a course in engineering statistics and a course in operations research follow. Assume that the final averages are jointly...
-
When special journals are used, where are cash payments by check recorded? AppendixLO1
-
Arcus Development Inc.s equity section on the December 31, 2013, balance sheet showed the following information: Common shares, unlimited shares authorized, 150,000 shares issued and...
-
A City's General Fund repaid a 6-month nite (face value $100,000) and interest on the note of $5,000. Prepare the journal entries for the General Fund.
-
Barnet Stepak was a shareholder in Southern Company, a corporation whose subsidiaries provide electricity to consumers in the southern United States. Stepak demanded that Southerns board of directors...
-
Significant hurdles are often encountered in adopting ABC including a large time commitment. What specific activities associated with ABC adoption require large investments of time?
-
What management opportunity is associated with identifying the non-value-added activities in a production process?
-
Write an equation for each parabola with vertex at the origin. Through the point (2, -4), symmetric with respect to the y-axis
-
A retail product has the following standard costs established: Direct Material per unit - 2 pounds at $5 a pound Direct Labor per unit - 3 hours at $12 an hour Manufacturing Overhead - $5 per labor...
-
In a recent year, the Better Business Bureau settled 75% of complaints they received. (Source: USA Today, March 2, 2009) You have been hired by the Bureau to investigate complaints this year...
-
A 1200-ft equal tangent crest vertical curve is currently designed for 50 mph. A civil engineering student contends that 60 mph is safe in a van because of the higher driver's eye height. If all...
-
Required information [The following information applies to the questions displayed below.] Victory Company uses weighted-average process costing to account for its production costs. Conversion cost...
-
Finer, % 100 90 80 70 60 50 40 30 20 10 0 0.01 0.1 1 Size, mm L 10 100 Figure shows a grain size distribution curve of soil. Estimate the coefficient of curvature (Cc) of this soil.
-
Polyvinyl acetate is the binder in water-based paints. (a) Write an equation for its formation from vinyl acetate. (b) Show a portion of this polymer with three monomer units. (c) Describe how to...
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
For the year ended December 31, 2017, Lopez Company has implemented an employee bonus program based on Lopez's net income, which employees will share equally. Lopez's bonus expense is computed as...
-
Prepare any necessary adjusting entries at December 31, 2017, for Maxum Company's year-end financial statements for each of the following separate transactions and events. 1. Employees earn vacation...
-
Prepare any necessary adjusting entries at December 31, 2017, for Melbourn Company's year-end financial statements for each of the following separate transactions and events. 1. Melbourn Company...
-
Prepare journal entries to record the following events: Jul. 1 Klemens Company accepted a 5%, 3-month, $8,000 note dated July 1 from Mox Company for the balance due on Mox's account. Jul. 31 Klemens...
-
FINANCIAL STATEMENT ANALYSIS INSTRUCTIONS 1. PREPARE RATIO ANALYSIS REPORT ( word file) Format 1. Introduction 2. Importance of Financial Statements 3. Importance of Financial statement analysis and...
-
Let us assume that Europe is in recession, China's economy is slowing down, and the US economy is growing at 1-2%. Use these assumptions to invest in 4 ETFs (electronically traded funds). The 4 ETFs...
Study smarter with the SolutionInn App