Question: by 1 0 % , the cost totaled $ 8 2 , 5 0 0 ( i . e . , $ 3 . 0

by 10%, the cost totaled $82,500(i.e., $3.00 per unit). The cost that Parker is studying can best be described as a:
a. variable cost.
b. fixed cost.
c. semivariable cost.
d. discretionary fixed cost.
e. step-fixed cost
by 1 0 % , the cost totaled $ 8 2 , 5 0 0 ( i . e

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:

The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: The company expects to...

Q:

PART I (20 Points, 1 Points each) Multiple Choice: Indicate the answer that best completes the opening statement. 1. A variable cost is a cost that a. varies per unit at every level of activity. b....

Q:

All Answers must be submitted as equations 1. Analyze a mixed cost using a scattergraph plot and the high-low method. 2. Prepare income statements for a merchandising company using the traditional...

Q:

i just beed the first picture, thanks!! B D E 1 Part Four-Choosing Which Projects to Undertake Based on their Net Present Value Now that Solaris, Inc. has scr&ened out all potential projects that did...

Q:

Princeton Ltd is a manufacturer of necklaces and Stanford Ltd is a manufacturer of scarves. In anticipation of high revenue growth rate of Standford Ltd , on 1 January 2 0 2 3 , Princeton Ltd...

Q:

accounting ook Show Me How Calcdator ncome statement with variances Income Statement Belingham Company produces a product that requires 2 5 standard pounds per unit The standard price is $3 75 per...

Q:

Seved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It de 3 Sims company, a manutacturer or tablet computers, began operations on January 1,...

Q:

Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...

Q:

All answers must be entered as a formula. Click OK to begin. OK D E F 1 To aid in planning. Jay Corporation is preparing a contribution format income statement. 1 3. Budgeted information for Quarter...

Q:

Could you assist with the formuals to calculate the cell answers? Jay Corporation has provided data from a two-year period to ald in planning. The Controller has asked you to prepare a contribution...

Q:

Answers need for highlighted boxes. Answers have to a formula not just numbers DEF 1 Jay Corporation has decided to prepare contribution income statements for internal planning. 3 Budgeted...

Q:

The information given below was extracted from the accounting records of Netcare Traders a partnership business with Nettie and Caren as partners REQUIRED Prepare the Statement of Changes in Equity...

Q:

Apply the PBA process for service contracts. A government agency completed an acquisition for landscaping services. The primary purpose of the contract was for mowing the grass around major roadways....

Q:

Davies Corporation is a calendarminus year taxpayer that is owned equally by Vivian, Rob, Danny, and Doug Davies. At the close of business on May 3 1 , Rob Davies sells his 2 5 % stock interest to...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...