Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. why is it important for managers to understand cos

Why is it important for managers to understand costbehavior?Why is it important for managers...

60.1K

Verified Solution

Question

Accounting

Why is it important for managers to understand costbehavior?

Answer & Explanation Solved by verified expert
4.4 Ratings (880 Votes)
Answer Cost behavior deals with understanding the pattern of the cost and changes in the cost due to change in the organizational level of activity In order to study cost behavior we divide the total cost into two parts Variable cost and fixed cost Variable cost varies with the level of production For example the cost of raw material It is also known as a direct cost Whereas Fixed cost remains fixed and    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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingWhy is it important for managers to understand costbehavior?Why is it important for managers to understand costbehavior?

Other questions asked by students

Q

Discuss the basic questions that must be addressed in a sampling study. [6 Marks]

Advance Math
Q

1. Why ex-convicts rejected for Public housing and healthcare after they are release from jail. Give...

Psychology
Q

1. Why guessing and checking is alright in solving differential equations In lecture (and possibly in...

Advance Math
Q

35 F120 20x 2 H A 12 C 9 11x 2 B 4 D 13...

Geometry
Q

Find the area of the shaded region shown in the graph XX Ay 12 y...

Geometry
Q

Cindy lives in Connecticut and makes 59 000 a year If the median annual income...

Geometry
Q

a spreadsh to calculate the following function its derivative and its definite integral from x...

Basic Math
Q

35. An aging of a company's accounts...

Accounting
Q

Individual E owns equipment that originally cost $60,000 and has an undepreciated...

Accounting
Q

The Retained earnings account has a credit balance of $28,900 before closing entries are made....

Accounting
Q

Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment...

Accounting
Q

4 Problems 6. The financial statement that presents a shareholder's residual claim on assets...

Accounting