Given the output (quantity), total fíxed cost and total cost (in RO) in the following table:- Ouantity Total Fixed Total Variable Total Cost Marginal Average Average Total Cost Cost тC Cost Variable Cost Cost TFC TVC MC AVC AC 10 10 10 20 10 28 3 10 34 10 38 5 10 42 10 48 10 56 10 72 Calculate Total Variable cost (TVC) , Average variable cost (AVC), Average cost (AC) and marginal cost (MC) (show your work) Draw only the Average variable cost (AVC) and Marginal Cost (MC) curves. 2.

Given the output (quantity), total fíxed cost and total cost (in RO) in the following table:- Ouantity Total Fixed Total Variable Total Cost Marginal Average Average Total Cost Cost тC Cost Variable Cost Cost TFC TVC MC AVC AC 10 10 10 20 10 28 3 10 34 10 38 5 10 42 10 48 10 56 10 72 Calculate Total Variable cost (TVC) , Average variable cost (AVC), Average cost (AC) and marginal cost (MC) (show your work) Draw only the Average variable cost (AVC) and Marginal Cost (MC) curves. 2.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4E: Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total...

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Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.
In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
Describe how total variable costs and unit variable costs behave with changes in the level of activity
Which of the following graphs illustrates how unit variable costs behave with changes in total units produced?
Which of the following graphs illustrates how total fixed costs be have with changes in total units produced
In describing the cost formula equation, Y = a + bX, which of the following is correct?a. “Y” is the independent variableb. “a” is the variable cost per unitc. “a” and “b” are valid for all levels of activityd. in the high-low method, “b” equals the change in cost divided by the change in activity.
Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with outputc. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
1.) Explain the effects of an increase in the volume of activity on the following costs. (Assume volume remains within the relevant range .) a. Total variable costs. b. Variable cost per unit. Total fixed cpst . d. Fixed cost per unit. e. Total semi variable costs. f. Semi variable cost per unit .
Explain variable costs, fi:xed costs, average variablecosts, average fixed costs, and average total costs.
In describing the cost formula equation, Y = a +bX, which of the following is correct: Multiple Choice O O O "Y" is the independent variable. "a" is the variable cost per unit. "a" and "b" are valid for all levels of activity. in the high-low method, "b" equals the change in cost divided by the change in activity.
When using a variable costing system, the contribution margin discloses the excess of Revenues over fixed cost Projected revenues over the breakeven point Revenues over variable cost Variable cost over fixed cost
Total cost is a combination of fixed and variable costs. The algebraic equation, where T = totalcosts, v = variable costs, x = units produced, and f = fixed costs, for total cost is