Question: A fixed cost is a cost which A. varies in total with changes in the level of activity. B. remains constant per unit with changes

A fixed cost is a cost which

A.

varies in total with changes in the level of activity.
B.

remains constant per unit with changes in the level of activity.
C.

varies inversely in total with changes in the level of activity.
D.

remains constant in total with changes in the level of activity.

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:

How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas.

Q:

10-13 10. Variable costing a. is used for external reporting purposes. b is required under GAAP c. treats fixed manufacturing overhead as a period cost. d. is also known as full costing. 11. If sales...

Q:

10. Variable costing a. is used for external reporting purposes. b. is required under GAAP. c. treats fixed manufacturing overhead as a period cost. d. is also known as full costing. If sales equals...

Q:

QUESTION 1 10 points Save Answer A fixed cost is a cost which a varies in total with changes in the level of activity. D. remains constant per unit with changes in the level of activity. O C. varies...

Q:

Which of the following costs may be classified as direct costs of a toy manufacturer? i Plastic used in the manufacture of a toy. li Salary of the factory manager. il Grease and oil used in the...

Q:

A fixed cost is a cost which a. varies in total with changes in the level of activity. b. remains constant per unit with changes in the level of activity. c. varies inversely in total with changes in...

Q:

Zipp Company manufactures two products (X and Y). The overhead costs (exist84,000) have been divided into three cost point that use the following activity drivers: What is the allocation rate per...

Q:

A fixed cost is a cost which varies in total with changes in the level of activity remains constant per unit with changes in the level of activity varies inversely in total with changes in the level...

Q:

D Question 3 A fixed cost is a cost which remains constant in total with changes in the level of activity. None of the responses provided. remains constant per unit with changes in the level of...

Q:

As the activity level increases, which of the following occur? Total fixed cost remains constant, but unit fixed cost increases Total fixed cost and unit fixed cost remains constant Total fixed cost...

Q:

Jones, CPA, audits a number of public-companies. During the past year, some deficiencies with respect to audits conducted for two of Joness clients in the software industry (SoftWare and...

Q:

The accompanying scatterplot shows observations on hemoglobin level, determined both by the standard spectrophotometric method (y) and by a new, simpler method based on a color scale (x) (A Simple...

Q:

Which of the following is NOT a stakeholder of the compensation system? U . S . government Erecutives Employees Line managers Competitor company's employees

Q:

With 19 different lodging or extended stay brands under the Marriott corporate umbrella, is Marriott at risk of making any positioning errors discussed in the chapter? That is, do they have too many...

Q:

Inventory information for Part 311 of Monique Aaron Corp. discloses the following information for the month of June. Assuming that the perpetual inventory method is used and costs are computed at the...

Q:

Its believed that as many as 25% of adults over age 50 never graduated from high school. We wish to see if this percentage is the same among the 25 to 30 age group. a) How many of this younger age...

Q:

Even with all of Marriotts brands they still do not have any hotel properties in the truly budget category of lodging. Thats a category occupied by properties such as Days Inn and Budgetel. Why do...

Q:

Inventory information for Part 311 of Bonds Corp. discloses the following information for the month of June. Instructions (a) Assuming that the periodic inventory method is used, compute the cost of...

Q:

List two possible benefits of the authoritarian leadership theory, two possible benefits of the democratic leadership theory, and two possible benefits of the laissez - faire leadership theory. With...

Q:

What kinds of communication help sustain long-distance romances?

Q:

C. Hendrick & S. Hendrick (Eds.). 2000. Close relationships: A sourcebook. Thousand Oaks, CA: Sage. You probably wont want to read this entire book, but its a great resource on research about a range...

Q:

If you were Hailleys friend, what responsibilities would you have, if any, for helping her?