Define the terms fixed cost and variable cost. Explain how an understanding of the distinction between fixed

Question:

Define the terms fixed cost and variable cost. Explain how an understanding of the distinction between fixed cost and variable cost can be useful to managers.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting and Finance An Introduction

ISBN: 978-1292088297

8th edition

Authors: Peter Atrill, Eddie McLaney

See More Books

Question Posted: Feb 07, 2020 05:09 AM

See More Questions

Define fixed cost and variable cost and give an example of each.
Define fixed cost and variable cost and give an example of each.
Explain how an understanding of the adoption process would help you develop a promotion blend for digital tape recorders, a new consumer electronics product that produces high-quality recordings....
Answer Problem 6.12 for a 90% CI. Refer to the data in Table 2.13. Regard this hospital as typical of Pennsylvania hospitals. Table 2.13: Hospital-stay data
Can you write a resonance structure for In which neither phosphorus nor carbon has a formal charge? (Hint: Remember phosphorus can have more than eight electrons in its valence shell.) (CH)3 CH2
Henry Ford is often credited with saying that he would rather be the first person to be second. This is strange coming from the innovator of the mass-produced automobile in the United States. So is...
Police in Albemarle County, Virginia, were on the lookout for a stolen orange and black motorcycle that had eluded them in two previous traffic incidents. Officer David Rhodes drove past the home of...
Larussa Inc. is preparing its annual budgets for the year ending December 31, 2011. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing...
When did 3D printing start in your selected industry? How was it first used in this industry?
Which of the following statements is correct without limitations? Select one: A. All of these statements are correct. B. The IRR cannot be used to compare projects of different scale (size). O C. The...
Rob Otics Ltd, a small business that specialises in manufacturing electronic-control equipment, has just received an inquiry from a potential customer for eight identical robotic units. These would...
What is meant by the BEP for an activity? How is the BEP calculated? Why is it useful to know the BEP?
Norsums Department Store sells gift certificates that are redeemable in merchandise. During 2020, Norsums sold gift certificates for $88,000. Merchandise with the total price of $52,000 was redeemed...
It should be standard practice to have culture sensitivity training, what does that look like to you? Should this start in grade school or once people hit the workforce?
Can you please help with explaining the: Criteria for Evaluating Theory It is not necessary to have all five criteria for evaluating a theory in order for a theory to be labeled "good." In your...
Consider the Relationships chart. Relationships Potato ChipSubjects RespondentID Respondent Responses Potato ChipProfiles RespondentID Survey ID Profile ID Flavor Product Of Citizenship Choice Set ID...
Your company is producing a new product and the present facility could be used if it underwent extensive renovation. Your other options are to build or lease at another location. What would be the...
Suppose you have a 32-bit timer configured to count down with a 16 MHz clock and a prescaler value of 1. What is the maximum delay that can be achieved by this timer? Represent your answer in...
The postclosing trial balance for the City of Fort Collins governmental funds at June 30, 2016, shows the following ledger account balances: ADDITIONAL INFORMATION 1. During the year, Fort Collins...
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
A large listed business has become the target of a shareholder activist. What steps should the board of directors take in response to this event?
What are the benefits of separating the roles of chair and chief executive? Should such a separation be made compulsory?
Assume that you have been asked by the chair of a large listed business to prepare a report highlighting the main areas to be used as a basis for evaluating the performance of the chief executive....
In this module, we discussed reporting and analyzing performance data. Take a look at your local school district, city, or county government website. Discuss the following: 1. Post a link and give a...
With reference to a project of your own, draw a project team charter and include the relevant details for the project you had selected.
In this Week 7 discussion, you will post at least two paragraphs to discuss global sourcing and procurement. In your discussion post, you will address the challenges in implementing a global sourcing...

Define the terms fixed cost and variable cost. Explain how an understanding of the distinction between fixed

Question:

Step by Step Answer:

Fixed cost cost that must be paid even if sales are n...View the full answer

Accounting and Finance An Introduction

Students also viewed these Business questions