Question: A cost that increases as production increases is a Select one: a . Fixed cost b . Variable cost c Semi - fixed cost d

A cost that increases as production increases is a
Select one:
a. Fixed cost
b. Variable cost
c Semi-fixed cost
d. None of the above
A cost that increases as production increases is a Select one:

Step by Step Solution

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 Accounting Questions!

Q:

Evergreen Credit Corp. wants to earn an effective annual return on its consumer loans of 18.2 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required...

Q:

Using the following data, apply the high - low method of cost analysis to the three cost data groups: Volume Hedwig Scabbers Crookshanks 4 , 0 0 0 $ 8 , 5 0 0 $ 5 , 0 0 0 $ 1 4 , 0 0 0 6 , 0 0 0 $ 1...

Q:

Using the following data, apply the high-low method of cost analysis to the three cost data groups: What cost behavior patterns are apparent for Alpha? Select one: a. Fixed b. Variable c. Mixed d....

Q:

Using the following data, apply the high-low method of cost analysis to the three cost data groups: Volume Alpha Beta Gamma 2,000 $6,600 $2,400 $8,000 6,000 $9,800 $7,000 $8,000 13,000 $13,000...

Q:

1.) The following cost formula was developed using monthly data for a retail clothing store. Total cost = $50,000 + ($250number of customers) The number $50,000: Select one: a. is the unknown...

Q:

When the marginal product of an input declines as the quantity of that input increases, the production function exhibits Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0 $50 1...

Q:

PLEASE COMPLETE NO LATER THAN 10/28 @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:

1. Reese Inc. produces pliers. Each pair of pliers sells for 8.00. Variable costs per unit total 5.60 of which 2.50 is for direct materials and 2.10 is for direct labor. If total fixed costs are...

Q:

Cosco, Inc. has accumulated the following data for the cost of maintenance on its machinery for the last four months: Assume that the relevant range includes all of the activity levels mentioned in...

Q:

XYZ Company uses the high-low method to analyze mixed costs. During the year, the highest level of activity was in May and the lowest level of activity was in February. In February, the company...

Q:

Based on analyzing the production cost (Y) to units produced (X), the following relationship was found: Y = $5,000 + $20%. The $5,000 in the equation represents: Select one: a. Fixed production costs...

Q:

Calculation of Years Kelly Seaver has decided to start saving for her daughters college education. Kelly wants to accumulate $41,000. The bank will pay interest at the rate of 4% compounded annually....

Q:

As in Exercise 2.21, a sequence of seven people walk into a post office and only their sexes are noted. Assume that each of the seven customers is equally likely to be a man or a woman. Let X denote...

Q:

Please compare McLeod v . Dilworth and the General Trading Co . case ( pages 9 - 2 3 and 9 - 2 8 ) . Under similar facts the McLeod case, Arkansas could not impose a use tax and in General Trading,...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.