Under what circumstances would fixed costs be relevant when management is making decisions in a multiproduct setting?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
Fixed costs are relevant anytime they change with the productmix decision For exa...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Question Posted:
Students also viewed these Cost Accounting questions
-
When reacquiring shares, under what circumstances would the Contributed Surplus account be affected? The Retained Earnings account? Would the effect caused by the circumstances described above result...
-
Under what circumstances would you (as an investor) prefer to receive cash dividends rather than stock dividends? Under what circumstances would you prefer stock dividends to cash dividends?
-
Under what circumstances would you use the telephone for collecting survey data? When would you use the personal interview?
-
2. Consider two households, one with an income twice as large as the other. Both households pay the equivalent of 5% of their income to consume free (public) education to the quantity PS (where PS...
-
Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. The company's annual fixed costs are $562,500. Management targets an...
-
Sydney earns $100 from his YouTube videos each week; he spends it all on concert tickets and paintball. a. If concert tickets cost $20 each and paintball admission is $10 per session, graph Sydneys...
-
Whenever you leave your room, you diligently turn off the lights to "conserve energy." Your friend tells you that energy is conserved regardless of whether or not your lights are off. Which of you is...
-
Bleeker Company has the following merchandise account balances: Sales $195,000, Sales Discounts $2,000, Cost of Goods Sold $105,000 and Merchandise Inventory $40,000. Prepare the entries to record...
-
6.Max Co is a large multinational company which expects to have a $10m cash deficit in one month's time. The deficit is expected to last no more than two months. Max Co wishes to resolve its...
-
? ? Please complete the 2019 federal income tax return for Joseph and Diana Cohen. Ignore the requirement to attach the form(s) W-2 to the front page of the Form 1040. If required information is...
-
Management notes that the contribution from one product is higher than the contribution from a second product. Hence, it concludes that the company should concentrate on production of the first...
-
In the theory of constraints, what are ways to improve performance at the bottleneck?
-
Motivational considerations in denominator-level capacity selection 1. If the plant manager of the Austin Brewery gets a bonus based on operating income, which denominator- level capacity concept...
-
A plaintif suffered injuries when her bicycle collided with the defendant's motorcycle The plaintf fled a personal injury action against the defendant, alleging that the defendant was operating the...
-
Through his will, Frank arranged to have his 1,000 shares of Ardrox Ltd. transferred to a spousal trust for the benefit of his wife Jutta. The trust indenture specified that Jutta could receive...
-
Ms. Hardin invested $40,000 in three stocks. The first year, stock A paid 6% dividends and increased 3% in value; stock B paid 7% dividends and increased 4% in value; stock C paid 8% dividends and...
-
Finer Pet Foods Corporation (FPF) is a New York Subchapter S corporation that manufactures "human grade" pet food for dogs and cats. FPF offers a whole range of gourmet pet foods and treats, and has...
-
1.The self-employment tax rate in US 2020 is ? 2.The maximum a 35-year-old self-employed taxpayer can contribute to his SEP is the lesser of __________ or 20% of self-employment net profit minus...
-
Another dealer is quoting the ZAR/SEK cross-rate at 1.1210. The arbitrage profit that can be earned is closest to: A. ZAR3671 per million Swedish krona traded. B. SEK4200 per million South African...
-
Pedro Bourbone is the founder and owner of a highly successful small business and, over the past several years, has accumulated a significant amount of personal wealth. His portfolio of stocks and...
-
Modify the semantics of Reflang to implement a heap abstraction that implements versions of a heap. In a versioned heap, writing to an existing memory location does not overwrite the old value;...
-
Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs: The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent...
-
Assume that Limitless Labs, Inc., offers three basic drug-testing services for professional athletes. Here are its prices and costs: Variable costs include the labor costs of the medical technicians...
-
Assume that Painless Dental Clinics, Inc., offers three basic dental services. Here are its prices and costs: Variable costs include the labor costs of the dental hygienists and dentists. Fixed costs...
-
Exactly 24 months ago in 2019, centronics inc issued a 15 year bond. the bond was issued at par to yield 6%. it pays interest annually. over the last 12 months, yields on bonds of similar risk have...
-
How COVID-19 news evoked sentiments and emotions. What are the financial implications of these sentiments for investors/policy makers?
-
How does the network of global stock markets reacts to covid-19? What countries (stock markets) plays most important role during covid-19? Explain.
Study smarter with the SolutionInn App