Is labor a true variable cost?

Q: How does the variable cost per unit change as the level of activity (or cost driver) increases? Why?

A: A variable cost changes is directly proportional to the change in the level of activity or cost…

Q: Q.How do managers plan for variable overhead costs?

A: The cost which is dependent upon the level of output and changes if the level of output fluctuates…

Q: Q-1: whereas a fixed cost is constant per unit of product." Do you agree? Explain. "A variable cost…

A: The total costs of an organization are divided into two parts namely Variable Costs and Fixed Costs.

Q: 22. At the break-even point, fixed cost is aiways a. Equal to the contribution margin h. More than…

A: The Break-even point is the level of operation at which the company is in a no-profit / no loss…

Q: What effect does an increase in volume have on—b. Unit variable costs?

A: Variable cost: Variable costs are the total costs that changes with the change in level of activity.…

Q: 6) Define fixed, variable

A: Answer: Fixed cost A fixed cost is a value that doesn't modification over the short, although a…

Q: Q2. Describe how total variable costs and unit variable costs behave with changes in the level of…

A: This is a theory question and we will explain Total variable cost and unit variable costs behave…

Q: A cost driver   a. causes fixed costs to rise because of production changes. b. has a direct…

A: According to activity based costing, the overhead cost is applied to the production on the basis of…

Q: Which cost will fall as production is reduced?     Total variable costs     Variable costs per…

A: Production is the total output produced by the manufacturer during the period.

Q: a. What problems are associated with using the average cost per unit as a performance measure? b.…

A: Average cost per unit only rewards the manager for removing tasks or materials from the process…

Q: 17. What are costs that remain the same in total dollar amount as the activity base changes?

A: The costs that remain same in total dollar amount is  Both cost per unit and activity base are…

Q: Which of the following describes the behavior of the fixed cost per unit?

A: Fixed cost is the cost which is doesnt change gets effects with the change in production which means…

Q: How can the WACC be both an average cost and a marginal cost?

A: Weighted average cost of capital is the aggregated cost of capital with respect to the weights or…

Q: what are the differences between the FIFO, LIFO, and the average cost?

A: Inventory: It refers to the items held by an organization which were in various forms like raw…

Q: In the formula y = a + bX, y represents   a. total fixed cost b. total variable cost c. total cost…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: What is meant by an activity base when dealing with variable costs? Give several examples of…

A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

Q: 7.14 How can deviations be used to analyze costs in separate areas of activity?

A: Cost variance analysis is used under both traditional and activity based costing methods. The only…

Q: Dw much is the total variable cost per unit?

A: Variable cost per unit is the cost incurred for manufacturing each unit. It is determined by…

Q: costs that have characteristics of both variable and fixed cost

A: We know that Fixed costs are costs that remain constant irrespective of the level of activity .…

Q: Question 5 1. The relevant range is where a fixed cost per unit remains constant O True O False

A: solution : The relevant range is where a fixed cost per unit remains constant Correct answer is true…

Q: C8Q7- Which one of the following statements is not correct? Total cost = total variable cost + total…

A: It is required to select a statement which is not correct. The statements are : 1. Total Cost= Total…

Q: Costs labor and uo o1ɔ IJed o O UoueAIm:

A: In   this problem , Nelly Co.  incurred a cost for plannting…

Q: What is a relationship between fixed, variable and semi-variable cost?

A: Cost can be defined as the amount incurred upon the production of goods and services for the final…

Q: 9. What amount should be considered product cost for external reporting purposes? 10. What is the…

A: Cost accounting is part of accounting that records cost-related transactions. It is mainly used…

Q: Distinguish between ( a ) a variable cost, ( b ) a fixed cost, and ( c ) a mixed cost.

A: Variable Cost: The cost which is not fixed is called as variable cost. This cost is directly…

Q: 86. Which of the following classifications best describes the behavior of Cost A? А. Міxed B.…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 4. Explain the difference between product costs and period costs.

A: Product costs are the costs which are applied for the manufacturing or production of products. These…

Q: These are costs that vary in unit. a• Variable Cost b• Fixed Cost c• Mixed Cost d• Relevant Cost

A: SOLUTION-   FIXED COST  WILL NOT CHANGE IN TOTAL WITH IN  A REASONABLE RANGE OF VOLUME OR ACTIVITY .…

Q: Expense 3 is a O A. Variable cost O B. Mixed cost O C. Fixed cost

A: Any cost that changes in the same proportion as the number of units produced is variable cost.…

Q: E is also known as: e of the options version costs ni-fixed cost tuating cost-

A: Cost is the total amount or expenditure which a company, an individual and a manufacturer incurred…

Q: What is a fixed cost? A variable cost? A mixed cost? Give an example of each

A: Costs are the expenses incurred in business. It means costs incurred for the manufacturing of…

Q: 25. Which of the following costs has no relationship with the level of output? a) Semi-variable…

A: In this question, we have been asked to tell the cost, whose level of output does not have any…

Q: 96) Which of the following is correct concerning reactions to INCREASES in activity? Total Variable…

A: The variable costs are associated with the increase or decrease in the production level of the…

Q: al productivities and input pri g too much labor relative to

A: In economics, particularly neoclassical economics, the marginal product or marginal physical…

Q: What happens to the total variable costs and the total fixed costs when the level of activity…

A: Formula: Total cost = Variable cost + Fixed cost Sum of both variable and fixed cost derives the…

Q: Do you agree from the following statements- Explain in details with examples 1.Variable costs are…

A: IntroductionProduction cost may be defined as that type of expenses which occurs during the…

Q: (i) A cost that can be traced to a cost object is known as A. A fixed cost B. A variable cost C. A…

A: As posted multiple questions we are answering only first question kindly repost the unanswered…

Q: Determine the variable cost per unit and the fixed cost using the high-low method. 2. What is the…

A: Variable Cost per unit= (Highest units - Lowest units)/ (Highest Cost- Lowest Cost)…

Q: What effect does an increase in the activity level have on— a. Unit fixed costs? b. Unit variable…

A:

Q: What is the term used to describe costs that increase in steps? A. Variable costs B. Fixed costs…

A: Cost is referred as the essential part of the business or a company which looks after the costs such…

Q: a) average fixed cost, b) average variable cost, and c) total profit?

A: Markup Percentage = ((Selling Price - Cost)/Costs) * 100 Fixed and Variable cost - We know that…

Q: g price ple costs costc

A: When the resources to produce the products are scare, the product giving maximum contribution per…