Classify the Following as Fixed or Variable Costs:

Classify each cost as being either variable or fixed with respect to the number of units produced and sold Predicting Cost Behavior a period or a product cost Preparing financial statements 1. Classify the following as fixed cost or variable cost.

Financial Literacy Fixed Vs Variable Expenses Sort 4 10a Financial Literacy Literacy Variables

Classify costs as variable cost fixed costs or mixed costs.

. Fixed costs are costs that are not changed regardless of quantity of goods being produced such as rent for equipment taxes depreciation and so on. Cost Behavior is a manner in which a cost changes as a related activity change. Rental payments on leased office machinery.

Classify the following as fixed or variable costs. Click to select e. Interest on company-issued bonds Real estate taxes.

L O I 1-3 a. Total variable expenses decrease. Unit costs should be higher in February if only 30000 units are to be produced.

Click to select C. Fixed cost-- those costs that do not change with total output which are related to the scale or size of the plant Variable cost those costs that do change with the output. Identify each of the following cash items whether it is fixed cost variable cost.

Salary of a security person working in the sales building. Costs that varyadjust relying on the companys manufacturing volume. Classify the following as fixed or variable costs.

Interest on company-issued bonds. Unit costs for January were. Indirect manufacturing costs most likely include both fixed and variable components.

12 rows Classify the following as fixed or variable costs. Variable costs are costs that change with regard to the quantity of goods being produced such as cost of raw materials cost of packaging and so on. 9000000 3000000 8500000 40000 51250 per unit b.

Classify the following costs as either. Total fixed costs Depreciation Insurance Registration cost Depreciation Cost - salvage 8000 - 3200 4800 Total fixed cost 4800 960 2 80 6800 b. The cost incurred by a Toys Manufacturing Company is given below.

Compute the contribution margin the contribution margin ratio and the unit contribution margin. Solution for Production costs are inclusive of the following EXCEPT Selling and Distribution Cost Supervisors Salary Direct Cost Direct Material Factory. Classify the cost into fixed cost and variable cost.

Classify the costs as either product costs or period costs. Payments for raw materials. Payments for raw materials.

Click to select d. In the short run the scale of the plant cannot change. Salary of a security person working at the factory.

Variable cost - change in accordance with changes in sales volume Fixed costs - do not change with changes in sales volume. Depreciation Administrative salaries Direct materials Property taxes Sales commissions Direct labor. Interest on company-issued bonds.

Identify the activity and the associated activity driver that allow you to define the cost behavior. Classify the following as fixed or variable costs. Do not type out fixed or variable.

Shipping canned apples from a Del Monte plant to customers. Depreciation and obsolescence charges. Chapter 6 Chapter 6 Cost-Volume-Profit Analysis Learning objectives.

Classify the following as fixed or variable costs. For example assume that the resource input is cloth in a shirt. Gasoline Service Oil change tire replacement 10000 50 25 2 years 240 5 35 5 400 1000 1200 175 400 2775 c.

Utilities for the month of August for a factory located in Arizona. Uncategorized Classify the following costs of activity inputs as variable fixed or mixed. Payments for raw materials.

Asked Mar 2 2021 in. Total fixed cost continues to be the same. Click to select h.

Classify the following as fixed or variable costs. Click to select g. Advertising by a dental office.

Real estate taxes 7. Click to select f. Classify the following as to ixed variable or mixed.

Advertising expenditures fuel interest on company-issued bonds shipping charges payments for raw materials real estate taxes executive salaries insurance premiums wage payments depreciation and obsolescence charges sales taxes and rental payments on leased office machinery. Depreciation and obsolescence charges 11. 2 a Rent on factory building b Expenditure incurred on raw material c Property taxes d Interest on borrowed capital.

Hamburger buns in a Wendys restaurant. Costs that execute not readjust in relation to manufacturing volume. Pariculars Types of cost.

Mixed costs - are costs that made up of ixed and variable elements. Wages for workers paid based on units produced Variable cost. Factory rent Fixed Cost.

Total variable costs increase. Interest on company-issued bonds - Fixed costs Shipping charges - Variable costs Payments for raw materials - Variable costs Real estate taxes - Fixed costs Executive salaries - Fixed costs Insurance premiums - Fixed costs Wage payments - Variable costs Depreciation and obsolescence charges - Fixed costs Sales taxes - Variable costs. Determine the break-even point and sales necessary to achieve a target profit.

Fuel Interest on company-issued bonds. Payments for raw materials 6. 1 The firm cannot bring more machinery or move to a larger building.

Classify each of the following as fixed or variable costs. Click to select b. Interest on company-issued bonds 4.

Variable Type in either a or b for your answer.

Pin On Plus Two Microeconomics Previous Questions

Pin On Plus Two Microeconomics Previous Questions

Plus Two Microeconomics Chapter Wise Previous Questions Chapter 3 Production And Costs A Plus Topper Factors Of Production Chapter Wise