Fixed cost is the quizlet
Web1 / 26. CVP analysis is a method for analyzing how operating decisions and marketing decisions affect operating income based on the understanding of the relationship between variable costs, fixed costs, unit selling price, output level (sales volume), and sales mix. The relationship between three factors (costs, revenues, and profits) and then ... WebA Quizlet Plus for teachers subscription offers enhanced content creation features, formative assessment capabilities to track student progress, Learn mode, Test mode and expert solutions. Each subscription is good for one year and renews automatically. Find out more about Quizlet Plus for teachers pricing and features here. Group subscriptions
Fixed cost is the quizlet
Did you know?
WebAverage fixed cost: equals total cost divided by output. decreases as output increases. increases as output increases. remains constant and doesn't vary with output. decreases as output increases. A firm is producing 100 units of output at a total cost of $400. The firm's average variable cost is $3 per unit. What is the firm's total fixed cost? WebIf average total cost is declining, then: A. marginal cost must be greater than average total cost. B. the average fixed cost curve must lie above the average variable cost curve. C. marginal cost must be less than average total cost. D. total cost must also be declining. C When average fixed costs are falling:
Webc. only fixed costs are relevant. d. only variable costs are relevant. in developing relevant information for management decisions Incremental analysis is most useful Select one: a. in developing relevant information for management decisions. b. in choosing between capital budgeting methods. c. in evaluating the master budget. WebA. identify the relevant and irrelevant costs of a business B. determine the sales level at highest capacity C. separate mixed costs into their variable and fixed components D. determine the highest price that can be charged for a product C Contribution margin ratio is the ratio of contribution margin to ________. A. total fixed costs
WebStudy with Quizlet and memorize flashcards containing terms like Which of the following is not a cost classification? - Multiple - Mixed - Fixed - Variable, In using the high-low method, the fixed cost: - may be determined by subtracting the total variable cost from either the total cost at the low or high activity level. - is determined by adding the total variable …
WebFalcon Motor Company, a U.S. automotive manufacturer, reports that it uses the LIFO cost-flow assumption for inventory. For the year ended December 31, 2013, Falcon’s cost of goods sold was $142,587 million. It reported the following information in the notes to its 2013 financial statements:
WebStudy with Quizlet and memorize flashcards containing terms like The short run is a period of time in which... a) The amount of output is fixed. b) Nothing the firm does can be altered. c) Prices and wages are fixed. d) The quantities of some resources the firm uses are fixed., The Short Run is a period of time in which? a) Nothing the firm does can be altered b) … earthsat.comWebStudy with Quizlet and memorize flashcards containing terms like The fixed cost per unit varies with changes in the level of activity., A production supervisor's salary that does not vary with the number of units produced is an example of a fixed cost, Direct materials cost that varies with the number of units produced is an example of a fixed cost of … earths angle to the sunWebFixed costs are costs independent of the size of production. They remain constant and fixed whether or not anything is produced at all. Fixed costs include rent, depreciation, … earth satelliteWebStudy with Quizlet and memorize flashcards containing terms like Which of the following is a fixed cost? -Direct materials cost -Straight-line depreciation expense -Sales commission expense -Direct labor cost, Using account analysis, what type of cost is the fee the airline company charges for your bags assuming a typical policy is $25 if the bag weighs … earth satellite imageryWebTerms in this set (20) A cost that can be avoided by choosing one alternative over another is relevant for decision purposes. Sunk costs are never relevant in decision making. Future costs that do not differ between the alternatives in a decision are avoidable costs. Fixed costs are sunk costs. c tool setWebWhat is the fixed cost of production at Betty's Bakery? a. $51 b. $25 c. $12 D. $20 c. the marginal cost curve eventually rises with the quantity of output Which of the following statements is correct? a. The average fixed cost curve must eventually rise b. The average total cost curve first rises, then falls with increased output earth satellite mapWebTotal Fixed Cost = $4,000 + $900 + $700 + $5,000 + $2,000 Total Fixed Cost = $25,200 Average Fixed Cost is calculated using the formula given below Average Fixed Cost = Total Fixed Cost / Quantity of Units Produced Average Fixed Cost = $25,200/ 20,000 Average Fixed Cost = $1.26 per unit Average Fixed Cost Formula – Example #2 earthsattractingforce