Question: Explain cost drivers, variable costs and fixed costs .

Explain cost drivers, variable costs and fixed costs .

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Management And Cost Accounting Questions!

Q:

Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate....

Q:

See attached for instructions and powerpoints. Directions: Answer all the questions. Please submit your work in Word or PDF formats only. You can submit an Excel file to support calculations, but...

Q:

PLEASE COMPLETE NO LATER THAN 10/14 @3:30PM Each question(1,2,& 3) must be a minimum of 200 words. Please EXPLAIN answers in FULL detail and make answers knowledgeable based off the attached reading,...

Q:

Distinguish between direct costs and indirect costs Explain cost drivers, variable costs, and fixed costs

Q:

56.It is considered a very useful and easier way to estimate costs. It makes use of the experience and judgement of managers and accountants who are familiar with the company operations and the way...

Q:

(a.be) Look at number 5 below in other info (d) Assume you have: No beginning or ending raw materials inventory. No beginning or endings work in process inventory. Prepare a projected cost of goods...

Q:

Old Towne Chocolates manufactures specialty chocolates and sells them to fine candy stores. The company operates two divisions, cocoa and candy, as decentralized entities. The cocoa division...

Q:

Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Sales (14,000 units) Cost of goods sold $2,814,000 Direct materials...

Q:

The Furniture Division of Woodcraft Ltd. purchases lumber, which it uses to fabricate tables, chairs, and other wood furniture. Most of the lumber is purchased from the Southshore Mill, also a...

Q:

The controller of Maxwell Department Store is preparing an income statement divided by sales departments and including subtotals for contribution margin, performance margin, and responsibility...

Q:

On November 1, 2014, Bread Basket signed a 6-month promissory note of 90,000 . The promissory note requires the Ekmek Sepeti to pay 6% annual interest. Give the appropriate adjustment entry at 31...

Q:

The economic, socio cultural and/or environmental benefits that tourism can achieve for the host community far outweigh any negative impacts brought about by tourism. Critically discuss this...

Q:

United Snack Cakes sella 4 0 pound bags of peanuts for $ 3 6 per bag. The fixed cost is $ 3 9 9 . 3 2 0 . Variable cost is . 2 3 per pound. What is the break even point

Q:

Prepare a comparative horizontal analysis of the change in each current asset account from Year 6 to Year 7. Express each change in dollars and the percentage each change represents. Comment on each...

Q:

Critics of absorption costing have increasingly emphasized its potential for leading to undesirable incentives for managers. Give an example.

Q:

Give three examples of industries that use process-costing system?

Q:

Describe the distinctive characteristic of FIFO computations in assigning costs to units completed and to units in ending work in process.

Q:

why my tests are all failing ? how to fix? public class GuessMe{ /* Here you will be creating your instance variables. When making instance variables, we think * about what information we need to...

Q:

The common stock of a FinTech company is currently selling at $55.75 a share. The company has a net income of $77,575 and there are 18,000 shares of stock outstanding. What is the P/E ratio for the...

Q:

Metro Fabrication Inc. may be liable for the sexual harassment of an employee if the company knew or should have known about the harassment, failed to take immediate action, and the harassment was...