Which of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.
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- Which of the following graphs illustrates how total fixed costs be have with changes in total units producedThe amount of a unit’s sales price that helps to cover fixed expenses is its ________.A. contribution marginB. profitC. variable costD. stepped cost2. The following total cost graphs indicate which type of cost behavior? A. VARIABLE COST B. FIXED COST C. MIXED COST D. STEP COST
- 1. determine the variable cost per unit. 2. how much is the total fixed cost? 3. using the data compute for the total variable under period 6. 4. using the data, compute for the total fixed costs under period 1. 5. using the data, compute for the fixed cost per unit under period 74. using the data, compute for the total fixed costs under period 1. 5. using the data, compute for the fixed cost per unit under period 7Cost classifications used for predicting cost behavior include: Multiple Choice Variable cost and fixed cost. Direct cost and indirect cost. Product cost and period cost. Relevant cost and irrelevant cost.
- Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costsPlease answer the following: 1. What is cost of production report? 2. What is cost per equivalent unit? 3. What is Equivalent Unit of Production? 4. What is FIFO method? 5. what is Average cost method?Which of the following best describes a fixed cost? a.Cost representing a fixed proportion of total costs b.Cost directly related to output c.Cost that remains at the same level up to a particular level of output . d.Cost that remains at the same level when output increases.
- The “fixed cost per unit function” may also be described as: a.an asymptote b.the total cost line c.the total variable cost line d.the total fixed cost lineWhich costing method, absorption or variable, would show higher operating income and by what amount? A.Absorption costing, P2,500 B.Variable costing, P2,500 C.Absorption costing, P5,500 D.Variable costing, P5,5001. determine the variable cost per unit. 2. how much is the total fixed cost? 3. using the data compute for the total variable under period 6.