Fixed cost is the quizlet
WebA firm's output is 80 units, its marginal cost is $42, its average variable cost is also $42, and its average fixed cost is $10. The slope of its average fixed cost curve is A) positive but the precise slope cannot be calculated. B) positive and the slope is between 0 and 1.50. C) negative. D) not able to be calculated without more information. WebTerms in this set (27) the cost to lease warehouse space for completed jeans - the lease contract runs for 2 years of $5,000 per year (variable, committed fixed, or discretionary fixed cost) the salary of a summer intern (variable, committed fixed, or discretionary fixed cost) the cost of landscaping and mowing the grass - the contract with a ...
Fixed cost is the quizlet
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Web1 / 26. CVP analysis is a method for analyzing how operating decisions and marketing decisions affect operating income based on the understanding of the relationship between variable costs, fixed costs, unit selling price, output level (sales volume), and sales mix. The relationship between three factors (costs, revenues, and profits) and then ... WebIn the equation y = $7.20x + $250,250. $250,250 are the total fixed costs. If a company's overhead cost equation is y = $8.80x + $120,020. The "x" is. volume of activity. What term represents the total variable cost component in the equation: y = vx + f. vx. What term represents the variable cost per unit of activity in the equation: y = vx + f.
WebA Quizlet Plus for teachers subscription offers enhanced content creation features, formative assessment capabilities to track student progress, Learn mode, Test mode and expert solutions. Each subscription is good for one year and renews automatically. Find out more about Quizlet Plus for teachers pricing and features here. Group subscriptions WebA fixed cost is one that's not variable, such as a lease and rent payment, utilities, insurance, or certain salaries. Which is an example of a fixed cost for consumers? The cost of rent is a fixed cost that a company pays regardless of …
WebOct 22, 2024 · Fixed costs are costs that do not change when sales or production volumes increase or decrease. Fixed costs can include property taxes, rent, salaries and the cost of benefits for non-sales and management personnel. They are one of three types of costs incurred by most businesses. WebA cost incurred in the past that is not relevant to any current decision is classified as a (n): sunk cost. All of the following are examples of product costs except: depreciation on the company's retail outlets. An example of a committed fixed cost …
WebStudy with Quizlet and memorize flashcards containing terms like Which of the following is not a cost classification? - Multiple - Mixed - Fixed - Variable, In using the high-low method, the fixed cost: - may be determined by subtracting the total variable cost from either the total cost at the low or high activity level. - is determined by adding the total variable …
WebIf average total cost is declining, then: A. marginal cost must be greater than average total cost. B. the average fixed cost curve must lie above the average variable cost curve. C. marginal cost must be less than average total cost. D. total cost must also be declining. C When average fixed costs are falling: glass railing surreyWebStudy with Quizlet and memorize flashcards containing terms like The sum of fixed cost and variable cost at any rate of output is, The change in total output associated with one additional unit of input is the, At 4 units of output in Table 21.4, total … glass railing systems near meglass railing systems detailsWebFalcon Motor Company, a U.S. automotive manufacturer, reports that it uses the LIFO cost-flow assumption for inventory. For the year ended December 31, 2013, Falcon’s cost of goods sold was $142,587 million. It reported the following information in the notes to its 2013 financial statements: glass railing systems ontarioWebAverage fixed cost: equals total cost divided by output. decreases as output increases. increases as output increases. remains constant and doesn't vary with output. decreases as output increases. A firm is producing 100 units of output at a total cost of $400. The firm's average variable cost is $3 per unit. What is the firm's total fixed cost? glass ranching ltdWebExpert Answer. 100% (1 rating) (23) (A) Total cost = Fixed cost + Variable cost (24) (C) When marginal product increases, marginal cost decreases, and when marginal cost is decreasing, average variable cost is also decreasing. ( …. View the full answer. Previous question Next question. glass railing systems-trexWebTerms in this set (20) A cost that can be avoided by choosing one alternative over another is relevant for decision purposes. Sunk costs are never relevant in decision making. Future costs that do not differ between the alternatives in a decision are avoidable costs. Fixed costs are sunk costs. glass railing weight psf