Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. identify basic cost behavior patterns and explain

Identify basic cost behavior patterns and explain howchanges in activity level affect total cost...

70.2K

Verified Solution

Question

Accounting

Identify basic cost behavior patterns and explain howchanges in activity level affect total cost and unitcost?

Answer & Explanation Solved by verified expert
3.8 Ratings (711 Votes)
Answer The two basic cost behavior patterns are 1 Variable cost and 2 Fixed Cost Variable costs are costs that change as the activity level changes If the activity level is zero variable costs are zero and as activity level increases variable costs also increase at the same proportion Direct material direct labor variable overheads like fuel power etc are example of variable costs For example let us assume a manufacturing set us is working at 50 capacity level at which its production is say 4000    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingIdentify basic cost behavior patterns and explain howchanges in activity level affect total cost and...Identify basic cost behavior patterns and explain howchanges in activity level affect total cost and unitcost?

Other questions asked by students

Q

Problem for submission: For which positive integers k can a simple graph G = (V, E)...

Advance Math
Q

The following are independent situations for which you will recommend an appropriate audit report: 1. Subsequent...

Accounting
Q

The combination of two atomic nuclei into one,accompanied by a release of energy, is called:A....

Physics
Q

A small ball of density 4p0 is left from the surface of liquid The density...

Physics
Q

169 Find the torque about the origin when a force of 31 N acts on...

Physics
Q

Masulis Inc is considering a project that has the following cash flow and WACC data...

Basic Math
Q

Find an approximation of the area of the region R under the graph of the...

Basic Math
Q

3 Which of the following choices represents a linear function Explain your choice 2 1...

Algebra
Q

You know that runs on the managed between band 12 recent...

Accounting
Q

CPA Question 02 Beck Corp. issued 200,000 shares of common stock when it began operations...

Accounting
Q

How was this number calculated? Ty, will leave thumbs up! the number that is...

Finance
Q

dan borrowed $1648.00 today and is to repay the loan in two equal payments.the first...

Finance