Question: Costs that vary in total in direct proportion to changes in an activity level are called _ _ _ _ _ _ costs. a .

Costs that vary in total in direct proportion to changes in an activity level are called ______ costs.
a. variable
b. fixed
c. sunk
d. differential

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:

ID: A Name: 8. Costs that remain constant in total dollar amount as the level of activity changes are called a. fixed costs b. mixed costs c. opportunity costs d variable costs Which of the following...

Q:

Accounting test 8:07 7 AA A v2.cengagenow.com C CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Print 1. MC.20.67 Which of the following describes the behavior...

Q:

Costs that vary in total in direct proportion to changes in an activity level are called fixed costs sunk costs O variable costs differential costs

Q:

Name: $40,000 555,000 Cost of Materials Used Direct Labor costs Factory Overhead Work in Process, beg. $28,000 Work in Process, end.$18,000 16. $32,000 What is Cost of Goods Manufactured? a. $173,000...

Q:

iclivity based costing, a cost driver is any factor or activity that has a direct cause-effect relationship with the resources consumed. The fixed cost per unit varies with changes in the level of...

Q:

Chapter 18 A firm operated at 80% of capacity for the past year, during which fixed costs were $197,000, variable costs were 67% of sales, and sales were $1,096,000. Operating profit was a. $131,744...

Q:

If variable costs per unit increased because of an increase in hourly wage rates, the break-even point would: a. increase. b. remain the same. c. decrease. d. increase or decrease, depending upon the...

Q:

Costs that vary in total in direct proportion to changes in an activity level are called a . fixed costs b . variable costs c . differential costs d . sunk costs

Q:

Within the relevant range, variable costs can be expected to: vary in total in direct proportion to changes in the activity level. remain constant in total as the activity level changes. increase on...

Q:

Costs that vary in total in direct proportion to changes in an activity level are called _ _ _ _ _ _ _ _ _ _ costs.

Q:

What are the four key aspects of the Sarbanes-Oxley Act of 2002?

Q:

Sugar Sweet (SS) Company produces and sells 7,000 specialty Treats per year at a selling price of $850 each. Its current production equipment, purchased for $1,850,000 and with a five-year useful...

Q:

One year ago, Gray Lake Media bonds were priced at $ 8 7 0 . 9 4 . Today, the bonds are priced at $ 9 3 4 . 0 7 . The bond just paid a coupon of $ 2 7 . 0 2 . What was the return for the bond over...

Q:

P-1) (100 Pts.) A chemical manufacturing company (CMC) has a contract for the procurement of the neccssaly chemicals from four suppliers. The chemicals purchased from Supplier A are priced at $20...

Q:

How can the use of social media such as Facebook and Twitter-like applications benefit the performance management process?

Q:

According to Hofstede (in Table 15.2), the United States is low on power distance, high on individuality, high on masculinity, low on uncertainty avoidance, and low on long-term orientation. Russia,...

Q:

What do you think is the most important step shown in the model of the effective performance management process? Justify your answer.