Define variable cost and fixed cost. Give an example of each.
Question:
Define variable cost and fixed cost. Give an example of each.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
A variable cost changes in total in proportion to changes in the related level of total activity or ...View the full answer
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Define and give an example of each of the following costs for a merchandising company: (a) Fixed cost (b) Variable cost (c) Mixed cost.
-
Define and give an example of each of the following revenues for a service company: (a) Fixed revenue (b) Variable revenue (c) Mixed revenue.
-
Define and give an example of each of the following costs for a manufacturing company: (a) Fixed cost, (b) Variable cost (c) Mixed cost.
-
Motion of Electrons in a Magnetic Field An electron of mass m and charge -e is moving through a uniform magnetic field B = (B, 0, 0) in vacuum. (Figure 1)At the origin, it has velocity (Uz, Vy, 0),...
-
Studies have shown that some people can detect 545-nm light with as few as 100 photons entering the eye per second. What is the power delivered by such a beam of light?
-
You are planning to save $1 million for retirement over the next 30 years. (a) If you are earning interest at the rate of 6% and you live 20 years after retirement, what annual level of living...
-
Explain the difference between the Address and Addresses classes.
-
Do you think global businesses would be willing to subscribe to a global code of conduct? Explain your answer.
-
Minimize and maximize these variables and these functions? This is a genetic multi-objective algorithm of a turbojet two spool afterburner engine. The idea is to see in 3D Pareto front maximizing...
-
Bear Park, a camping ground in the Lake District, has compiled the following financial information as of December 31, 2020. Instructions a. Determine Bear Parks net income for 2020. b. Prepare a...
-
Name three factors that will affect the classification of a cost as direct or indirect.
-
What is a cost driver? Give one example.
-
Explain which First Amendment provision the following law violates: The city of South Pasadena enacts an ordinance that requires a Buddhist stupa (a mound-like or hemispherical structure used as a...
-
Describe, in detail, the four (4) central factors in picking an influencer partner.
-
Using the "Big Five" personality traits model, identify and explain the personality traits.
-
What is the main reason a well-operated channel of distribution provides a competitive advantage
-
What is the relevance of the SEO and SEM in digital marketing effectiveness? Does it really matter explain.
-
Implement a marketing communication plan to boost the donor rate for the province of Ontario.
-
The data below show the nominal interest rate and the inflation rate for several developed economies as reported in The Economist in February 201 5. a. Compute the real interest rate for each...
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
Two equations can be written for the dissolution of Mg(OH) 2 (s) in acidic solution. (a) Explain why these two equations have different r G values. (b) Will K for these two equations be the same or...
-
What is a discontinuous linear cost function? What types of analyses can be done to improve cost control when the data sets indicate a discontinuous linear cost function?
-
Provide examples of interdependencies and relate them to the decision framework.
-
Answer the following questions. Required 1. Ewing Computers makes 5,000 units of a circuit board, CB76, at a cost of $230 each. Variable cost per unit is $180 and fixed cost per unit is $50. HT...
-
What strategies might you use to implement the personal change needed to support organizational change? What is the relevance of unity consciousness in organizational leadership, communications, and...
-
Recognizing the literature (and its limitations) for conveying policing organization, management, and change - what management/organizational changes are needed in policing today? Why? How do we set...
-
How do organizations effectively navigate the complexities of organizational change, integrating advanced change management methodologies to mitigate resistance and foster sustainable transformation?
Study smarter with the SolutionInn App