What is (a) a fixed cost, (b) a variable cost?
Question:
What is (a) a fixed cost, (b) a variable cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
A fixed cost is a cost that does not vary with the ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Non-Accounting Students
ISBN: 9781292128979
9th Edition
Authors: John R. Dyson, Ellie Franklin
Question Posted:
Students also viewed these Business questions
-
What is the difference between fixed cost and variable cost? Does each type of cost affect short-run marginal cost? If yes, explain how each affects marginal cost. If no, explain why each does or...
-
What are the fixed and variable cost tradeoffs among product, process, and fixed-position layouts? Draw a cost/ volume graph to illustrate your answer.
-
A monopolist operates with a fixed cost and a variable cost. Part of the fixed cost is sunk, and part nonsunk. How will the sunk and nonsunk fixed costs affect the firm's decisions as it tries to...
-
Barry consumes tacos and pepsi. The price of tacos is initially $4.00 per taco and the price of pepsi is $1.00 per can and Bary has $20.00 to spend. The marginal utility that each good yields is...
-
Number of classes: 6 Data set: The results of rolling a six-sided die 30 times Construct a frequency distribution and a frequency histogram for the data set using the indicated number of classes....
-
Two objects, A and B, start from rest. Object A starts with acceleration 4.0 m/s^2 and 3.2 seconds later after A, object B starts in the same direction with acceleration 8.6 m/s^2. What will be speed...
-
Fill in the Blank. A seismic instrument consists of a(n) ______________ system mounted on the vibrating body.
-
Melody Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September 2007, prepare (a) A sales budget and (b) A productionbudget. DL XL...
-
In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The following information relates to Carter Limited for the year to 30 April 2017: During 2018 the company would like to increase its sales substantially, but to do so it would have to reduce the...
-
What is meant by incremental costing?
-
(Multiple choice) The statements in the client program 1. would cause a syntax error at compile time. 2. would cause a run-time error. 3. would be legal, but would violate the encapsulation of the...
-
The cost of capital is 10%. What are the projects IRRs, MIRRs, and NPVs? (IRRA 5 23.1%, IRRB 5 19.1%; MIRRA 5 16.8%, MIRRB 5 18.7%; NPVA 5 $128.10, NPVB 5 $165.29)
-
A firms most recent FCF was $2.4 million, and its FCF is expected to grow at a constant rate of 5%. The firms WACC is 14%, and it has 2 million shares outstanding. The firm has $12 million in...
-
Suppose you have 1,000 common shares of Burnside Bakeries. The EPS is $6.00, the DPS is $3.00, and the stock sells for $90 per share. Burnside announces a 3-for-1 split. Immediately after the split,...
-
Repeat Problem 9.117 using EES. Modify your EES program to find the coefficient of performance between pressures of 0.28 and 1.5 MPa. Plot Ts diagrams for the original cycle conditions and for the...
-
Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years and in 2018 Boehm paid dividends of $2.6 million on net income of $9.8 million. However, in 2019 earnings are...
-
Standard direct labor hours budgeted by Turner Company for February production were 2,000. Factory overhead at that level was budgeted at $10,000, of which $3,000 is variable. Actual direct labor...
-
A firm offers two products for sale. The marginal cost of one product is new zero once the first unit has been produced. The marginal cost of the other product rises as output rises. What would be...
-
If you had $25 to give today to any nonprofit organization, which one would it be? Now, imagine that you are 75 years old and have $1,000,000 to give to an organization at the event of your...
-
If you were the president of a private college or university, what things would you consider in making a decision on a possible tuition increase, which might enhance your bottom line but possibly...
-
Should gifts made by individuals to a nonprofit organization that receives the largest portion of its revenues from fees for services be fully tax deductible, partially tax deductible or not...
-
You are the new controller for Moonlight Bay Resorts. The company CFO has asked you to determine the company's interest expense for the year ended December 31, 2021. Your accounting group provided...
-
How do the dynamics change in Calm Down by Selena Gomez ?
-
A company's inventory records report the following: August 1 August 5 August 12 Beginning balance Purchase Purchase 23 units @ $13 18 units $12 22 units @ $13 On August 15, it sold 46 units. Using...
Study smarter with the SolutionInn App