Question: Which of the following description correctly explains about the basic cost concepts? (5pts) a) Fixed cost graph in a relation with sales volume is upward

Which of the following description correctly explains about the basic cost concepts? (5pts) a) Fixed cost graph in a relation with sales volume is upward sloping line in the short run. b) In the short run, total cost is equal to zero when sales are equal to zero. c) Wages of part-time servers can be categorized in the variable cost section. d) Variable cost per unit increases as the sales increase in the short run

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 Finance Questions!

CVP Graph Commissions Description Fixed Expense Sales Total Expense 600K SOOK 400K 1. 300K 200K 100K OK OK 10K 20K 3OK 40K SOK Sales Volume (Note that for all questions below you may select more than...

PLEASE COMPLETE NO LATER THAN 10/07 @8:00AM Each question(1,2,& 3) must be a minimum of 200 words. Please make answers detailed and knowledgeable based off the attached reading. ARE YOU ABLE TO...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...

Please help, this is actually due today and the person who said they would answer this question that was initially due last night. Thank you for the help if possible. I need help with putting the...

Briefly discuss the cost-volume-profit analysis model and how it is used. Use the attached PDF. APA Citation. 300 words. REVISED PAGES 3 Chapter Three 1 Fundamentals of Cost-Volume-Prot Analysis...

GOOD DAY MY BEST WRITER ATTACHED HERE IS MY INT 620 FINAL PROJECT ,I AM ALSO ATTACHING WHAT I HAVE WRITTEN ON HISTORIC BACKGROUND, MILESTONE ONE ,AND MILESTONE TWO FOR YOU TO COMBINED UPGRADE AND DO...

To answer these questions, you will need to read Chapter 9, Market Equilibrium & Product Price - Imperfect Competition and please good Good format. #. Explain the 3 types of "Imperfect" market...

Summarize the evolution of cost processing in Greece from 1985-2015. Your response must be at least 400 words in length. The evolution of costing during the period 1985-2015: Progress or inactivity?...

Preparation of an Income Statement for The Serious Reader Company The first case of this course provides an opportunity to prepare a segmented variable costing (contribution margin, behavioral)...

The income statements for Picard Company for the three years ending in 2009 appear below: During 2009, Picard discovered that the 2007 ending inventory had been misstated due to the following two...

Tony's regular place of employment is at Gourmet Foods. During the Federal Elections, he worked for Elections Canada for 40 hours. His employment with Elections Canada is considered: a. not...

Thomas lost his job and is now filing for bankruptcy. He graduated in 2 0 1 8 and has the following debt Canada student loan A $ 2 2 0 0 0 , spousal support payments owing B $ 8 0 0 0 , PC Optimum...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...