Define the term Mixed Costs?

Q: Activity‐based costing achieves more realistic allocation of overhead costs by associating these…

A: Activity-based costing (ABC) is a costing strategy that allocates overhead and aberrant expenses to…

Q: To calculate a firm's per unit of output profit, it is necessary to subtract Select one: a. cost per…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Define the term semi-variable costs?

A: The costs incurred by a producing agent in the procurement of factor inputs for the production of a…

Q: Which of the following are examples of indirect costs for a company that makes photograph frames and…

A: Indirect costs are those costs that are not directly included or considered for the production of…

Q: Given the information that follows: Salefixed s = 750,000; explicit costs = 450,000; return you…

A: The profit is the difference between the revenue and the cost. There are different type of profit…

Q: A. Will you invest a project that requires a $ 200,000 today and returns $50,000 at the end of the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Distinguish between implicit and explicit costs. How is it possible to have positive accounting…

A: Any cost that has already occurred but is not shown or reported as a distinct item is referred to as…

Q: Compare and contrast economies of scope and economies of scale. Be sure to include outside sources.

A: Average total cost signifies the amount of dollars expended on developing an average unit of the…

Q: Classify the Costs for Predicting Cost Behavior?

A: Every company incurred the costs to produce goods and services. For example labor cost, and…

Q: what is coasian transaction cost?

A: In environment economics, externalities are caused to any third parties as a result of a transaction…

Q: 3) A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of…

A: The profit is maximized where the MR = MC.  Thus, condition for profit maximization: MR = MC.

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: The total cost incurred by firms operating in a market includes fixed costs and variable costs.…

Q: The differences between average total costs and average variable costs declines as a firms output…

A: The difference between average total cost and average variable cost declines as a firms output…

Q: Total cost is equal to average cost times marginal cost. a. True O b. False

A: # Total cost is referred to be as the sum of total fixed costs and the total variable costs which…

Q: If the average variable cost of producing 4 jeans at Jerry's factory is $60, and the fixed cost of…

A: Total cost = Fixed cost + variable cost Variable cost = Average variable cost * quantity

Q: discuss IKEA Variable product cost per item and Fixed product overhead costs per item

A: IKEA is a multinational company, it is the largest retailer in furniture segment, it designs…

Q: Marginal cost is plotted (as an approximation) halfway between successive units of output. a. True O…

A: Costs represent the expenses that firms incur during their production activities. A firm incurs…

Q: Explain the term Total costs?

A: Any firm main objective is to maximize its profit and for maximizing profits every firm must know…

Q: The output and total cost schedule of WholeMade BD is provided in the table. What is average fixed…

A: The average fixed cost can be calculated by using the following formula: Average fixed cost=Total…

Q: If the marginal cost is MC = 30'- +10, the fixed costs are 1, then the total cost TC= (A) Q'-e+100+5…

A: Given MC = Fixed costs = 1

Q: Define the term Manufacturing Costs?

A: Cost is the monetary value expended by a company to produce goods and services and to carry out its…

Q: ne of your firm's suppliers discounts prices for rger quantities. The first 1,000 parts are $13 ach.…

A: Average cost or unit cost is equal to total cost (TC) divided by the number of units of a good…

Q: At which point the total revenue equals to total cost is known as? One word

A: According to the given question Total cost is basically that cost in which the variable cost is…

Q: The lawn ranger , a landscaping company , has total costs of $5,000 and total fixed cost of $3000…

A: Given information: Total costs = $5000 Total fixed cost = $3000 TC = TFC+TVC 5000 =…

Q: The law of diminishing returns or variable proportion is only applicable in the

A: Law of Diminishing returns or variable proportion states that in the short run, when more of…

Q: Which of the following statements about cost drivers in ABC systems is FALSE? 1 cost driver for a…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Identify the explicit costs incurred by this business. Why are they explicit costs?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Give some examples of the term Mixed Costs?

A: Costs can be classified into fixed and variable costs. The variable cost is the type of cost that…

Q: Explain the difference between and the economic relevance of fixed costs, sunk costs, variable…

A: The cost of production includes the cost of the raw materials, cost of the factors of production as…

Q: Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the…

A: Given: Labor rate= tk. 3949.0 per worker Fixed cost=tk. 10630.0 per week

Q: Need answers ASAP... Which of these costs is considered as the most important cost because if it is…

A: The firm produces goods and services and incurs cost including fixed cost and the variable cost.The…

Q: The following are common examples of variable costs except A All of the above (B) Utilities…

A: The firms have to incur various types of costs to produce the goods and services in the economy. The…

Q: TransTech sells its product for $100. Marginal cost is a constant $80 per unit and fixed costs are…

A: Break-Even Quantity = Fixed Cost / (Sales Price - Variable Cost)

Q: Which of the following is considered when calculating economic profit but not accounting profit? a.…

A: Cost refers to the amount or equivalent paid or charged for something

Q: At the profit maximizing level of input use, Which of the following are true? (i) MVP=0 (ii) MVP=MIC…

A: MVP (Marginal value product) is the additional revenue generated from hiring or employing an extra…

Q: Which of the following statements is correct? A. Accounting profit is typically larger than economic…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Assume a purely competitive increasing-cost ine

A: Fall in demand in a increasing cost industry induces firms to leave the industry. As the firms leave…

Q: AT the profit maximizing level of input use, which of the follow ng are true a. MVP =0 O MVP = MIC…

A: MVP is the value of additional output in resulting from the use of one more unit of variable input…

Q: Can you please answer parts d & e below only as you have answered the first 3 parts previously:…

A: Given; Fixed cost= 50000 Average variable cost= 10000Q+Q20000

Q: Most manufacturing companies divide manufacturing costs into which three broad categories?

A: Manufacturing cost can be defined as the sum total of all the cost of resources which are used in…

Q: increasing returns to scale present?

A: Increasing returns to scale occurs when LRAC decreases with increase in output, that is, From Q =…

Q: If a hospital cafeteria is the activity to receive indirect cost allocation for the year, cost…

A: Indirect cost is the cost of something that is not directly involved in making a particular product…

Q: Deviations from standard costs can be caused by I. Variations in the per unit cost of labor and/or…

A: The standard cost is estimated in the beginning of the production or an estimated cost of producing…

Q: Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost?  What…

A: Ans. The cost minimization level of output is 175 units.

Q: ake relevant plots of equations (1) and (2) se the plots in (a) and plots of isoprofit curves…

A: (a) The cost function of firm A is, TC = 2Q    ……...equation (1) The cost function of firm B is, TC…