Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.

Describe how total variable costs and unit variable costs behave with changes in the level of activity

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

How does absorption costing differ from variable costing? When will absorption-costing operating income exceed variable-costing operating income?

Life-cycle cost reduction is best achieved during the development stage of the production life cycle. Do you agree or disagree? Explain.

Which of the following graphs illustrates how total fixed costs be have with changes in total units produced

What is the scattergraph method, and why is it used? Why is a scattergraph a good first step in separating mixed costs into their fixed and variable components?

When fixed costs increase and all other variables remain unchanged, the contribution margin will A. remain unchanged _____________________. B. increase C. decrease D. increase variable costs per unit

Variable costs are expenses that ____________________________ . remain constant on a per-unit basis but change in total based on activity level remain constant on a per-unit basis and remain constant in total regardless of activity level decrease on a per-unit basis as activity level increases remain constant in total regardless of activity level within a relevant range