Question: A fixed cost is one that: (a) will jump, given a specific level of activity (b) always changes with the level of activity (c) has

A fixed cost is one that:

(a) will jump, given a specific level of activity 

(b) always changes with the level of activity 

(c) has a fixed and a variable element 

(d) never changes with the level of activity 

Step by Step Solution

★★★★★

3.31 Rating (157 Votes )

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 Talk Finance Questions!

Q:

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Q:

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Q:

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Q:

True or false: _____1. An activity index identifies activity that is causally related to a particular cost. _____2. A fixed cost remains constant in total and per unit at various levels of activity....

Q:

Which of the following statements is false when considering cost behavior within the relevant range? Multiple Choice A variable cost remains constant, in total, as the activity level changes. A...

Q:

H Limited manufactures and sells two products, J and K. Annual sales are expected to be in the ratio of J:1, K:3. Total sales are planned to be N$420 000. Product J has a contribution to sales ratio...

Q:

Y = a + bx which option describe this function? a. None of the answers given b. a- variable cost; b- fixed cost, x- level of activity c. a- variable cost; b- level of activity , x- fixed cost d. a-...

Q:

Habibi MMC sells one product for which data is given below: Selling price 18 Variable cost 14 Fixed cost 10 The fixed costs are based on a budgeted level of activity of 5800 units for the period....

Q:

Kanona Limited sells one product for which data is given below: N$ per unit Selling price 10 Variable cost 6 Fixed cost 2 The fixed costs are based on a budgeted level of activity of 5 000 units for...

Q:

True or false 1. An activity index identifies activity that is causally related to a particular cost. 2. A fixed cost remains constant in total and per unit at various levels of activity. 3. Changes...

Q:

Warren faces which four of the five ethical pressures? Support each answer. What should Warren do about his ethical pressures?

Q:

The cost accountant of Zeeshan Manufacturing Co. has prepared the following summary:- Inventories at 1 Sep. 1990 Raw Material Work in Process Fuel Factory Repair Parts Finished Goods Raw Material...

Q:

The Snowy Ski Centre Pty Ltd conducts an annual audit of its financial records. An internal control policy for the company is that a cheque can be issued only after the accounts payable manager...

Q:

Accounting Elements: Increase/Decrease, Debit/Credit Relationships The text describes the following accounting elements: assets, liabilities, owners equity, capital stock, retained earnings,...

Q:

In the current year, Tanager Corporation (a C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long-term capital gain of $55,000 and a...

Q:

Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a loss of $40,000. In addition, Goshawk has a short-term capital gain of...

Q:

In the current year, Plum, Inc., a closely held C corporation, has $410,000 of net active income, $20,000 of portfolio income, and a $75,000 passive activity loss. What is Plums taxable income for...

Q:

What refers to a unique set of keywords along with a special syntax for organizing program instructions that execute computer commands? Multiple Choice database programming language design document...

Q:

Problem StatementThe PhonePe headquarters, a futuristic marvel with interconnected towers of various heights, is being protected by Spider - Man. The heights of these towers are represented as an...

Q:

What is the connection between "play," "performance," and establishing one's identity?