Can you classify the expenses listed as Variable or Fixed Costs
Q: How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
A: Variable cost: The cost which fluctuates on the basis of the output level produced. The variable…
Q: Distinguish between escapable and inescapable costs. Give an example of each.
A:
Q: Does the concept of the relevant range apply to fixed costs? Explain.
A: Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the…
Q: Distinguish between discretionary fixed costs and committed fixed costs.
A: Discretionary fixed costs and committed fixed costs: Both costs are considered as fixed costs but…
Q: What can be the Direct-Variable Costs? Explain. What can be the Direct-Fixed Costs? Explain. What…
A: Direct variable cost are those cost incurred in line with production or for a particular product or…
Q: Which of the following cost is not considered as period cost under marginal costing? Variable…
A: Marginal Costing: Marginal Costing is a costing technique whereby variable cost are charged to cost…
Q: Is there a difference between relevant costs and incremental costs? Explain
A: Relevant cost: Relevant cost is the cost which is relevant in decision making of a project, and…
Q: ow do I prepare an income statement based on variable co
A: In managerial accounting, variable costing is a cost concept. During the creation of a product…
Q: Explain the difference between period costs and product costs.
A: Cost: Cost refers to the expenses incurred by the business to earn revenue from sales, in other…
Q: A direct costs is a cost that is:
A: Solution:- B) Option "B" is the correct answer Reason:- A direct cost is the that is identifiable as…
Q: Why is it necessary to distinguish between variable and fixed costs when dealing with mixed costs
A: Introduction:- Every Business expenses are classified as either fixed or variable costs. on other…
Q: relevant and irrelevant cost
A: Relevant and irrelevant costs are categories of costs based on their effect on decision making.
Q: A. What is the net income under variable costing method? B. What is the net income under absorption…
A: solution : What is the net income under variable costing method? Units 10000 Sales…
Q: Giving examples, distinguish between Prime costs and Marginal costs
A: Prime costs are the firm total expenses directly related to the materials and labour used in…
Q: How are costs assigned differently using the average cost method?
A: Inventory valuation is the valuation of inventory at the time of its purchase and sale using…
Q: Which of the following costs has no relationship with the level of output? a) Semi-variable costs.…
A: Semi variable and variable costs has a direct relationship with the level of output. Stepped fixed…
Q: Giving examples, distinguish between Variable cost and Fixed costs
A: Introduction: Costs: Costs are of two types: 1 ) Fixed costs 2 ) variable costs
Q: Direct costs can be referred to as fixed costs. True or False?
A: Cost are divided into two parts which are, (1) Direct cost (2) Indirect cost Direct costs are the…
Q: Explain variable costs, fi:xed costs, average variablecosts, average fixed costs, and average total…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: Distinguish between ( a ) a variable cost, ( b ) a fixed cost, and ( c ) a mixed cost.
A: Variable Cost: The cost which is not fixed is called as variable cost. This cost is directly…
Q: What is life-cycle and/or full-cost accounting? IS THERE A DIFFERENCE?
A: In this question, we have to tell about life-cycle costing and full cost accounting, whether these…
Q: What is the difference between total costs and marginal costs?
A: Total cost is the total economic cost of production. Variable cost changes according to the quantity…
Q: How does the length of the time horizon affect the classification of a cost as fixed or variable?…
A: Cost are being classified as variable and fixed normally. It is necessary to bifurcate the cost in…
Q: It is important to understand variable and fixed costs, average expenses, and the overall costs.
A: Introduction: We're only responding to the first three subparts, so if you have a question that…
Q: he distinction between indirect and direct costs depends on: Select one: a. whether a cost differs…
A: Direct cost means the cost which can be related with the production of specific goods directly like…
Q: Distinguish between fixed and variable costs while dealing with semi-variable expenses.
A: Fixed and variable costs: The term "variable cost" refers to a cost subject to change based on the…
Q: In CPV analysis/ marginal costing, the term contribution is used. What does Contribution mean to…
A:
Q: Why do managers assign different costs to thesame cost objects?
A: A cost object can be defined as something to which the management feels the need to separately…
Q: 1. What is the net income under variable costing method? 2. What is the net income under absorption…
A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…
Q: What are “initial direct costs” and how are they accountedfor?
A:
Q: hat is distinguish between product and period cos
A: Product costs are the costs directly linked with the creation of a product or service for sale.…
Q: Instructions a. Define the terms variable costs, fixed costs, and mixed costs. b. Classify each cost…
A: Answer a) VARIABLE COST:- A variable cost is an expense that rises or falls in direct proportion to…
Q: A direct cost is one that is a. Variable with respect to the cost object. b. Traceable to the cost…
A: Direct cost: A cost indicates the payment of cash or the obligation to pay the cash in the future…
Q: Discuss the relationship between fixed costs, variable costs and risk.
A: 1. Fixed cost Fixed assets are assets that are used in an organization for the purpose of long-term…
Q: How do period costs differ from product costs?
A:
Q: How do you explain the phrase," Fixed overheads consist of costs which are not subject to change…
A: The costs incurred on the production are distinguished as fixed and variable cost.
Q: Distinguish between fixed cost and variable cost.
A: Fixed Costs: These are the costs that remain constant in total dollar amount irrespective to the…
Q: (i) A cost that can be traced to a cost object is known as A. A fixed cost B. A variable cost C. A…
A: As posted multiple questions we are answering only first question kindly repost the unanswered…
Q: what is the definition of fixed, variable, and mixed costs? Are variable costs or fixed costs easier…
A: Introduction: Cost accounting is a type of managerial accounting that capture a firm's production…
Can you classify the expenses listed as Variable or Fixed Costs?
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- Hello, I am trying to figure what they are asking for..."What if" Trial & Error" and "Goal Setting"....please see attachment. i can do the work but if you could help with the actual questions. Thank you...please do not handwrite. Port Daily Shore Excursion Revenue Daily Docking Fees Daily Local Taxes Daily Fuel Costs Daily Labor Costs Daily Supplies and materials Total Aruba $25,897 $14,258 $1,189 $1,237 $98,230 $76,390 $217,201 Bahamas $41,777 $45,221 $635 $1,587 $107,250 $85,250 $281,720 Barbados $35,789 $86,254 $526 $1,897 $102,370 $68,730 $295,566 Jamaica $37,899 $52,899 $428 $2,750 $96,320 $88,220 $278,516 Miami $25,894 $72,899 $1,199 $1,674 $102,390 $74,380 $278,436 San Juan $42,879 $88,524 $458 $2,584 $106,450 $73,470 $314,365 St Croix $32,874 $12,455 $850 $4,125 $104,350 $89,230 $243,884 St Martin $24,897 $72,158 $254 $1,528 $102,890 $82,760 $284,487 St Thomas $28,597 $62,548 $1,026 $1,458 $109,370 $78,390 $281,389 St. John $38,974 $12,685 $899…A ezto.mheducation.com Costs At Coulthard Corporat... .. Connect Student Home How To Avoid COVID-19.. 17e i www.etour.com Saved Finding remote destinations... Supply costs at Coulthard Corporation's chain of gyms are listed below: Client- Supply Cost Visits $ 28,371 $ 28,309 $ 28,469 $ 28,922 $ 28,389 $ 28,234 $ 28,473 $ 28,380 $ 28,424 March 11,662 11,458 11,990 13,500 11,722 11,208 12,002 11,693 11,841 April May June July August September October November Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1.99 per client-visit; $28,390 per monthPenny is compiling a list of costs incurred so far on a project. She must categorize these costs so that she can present the amount of direct cost incurred. Which of the following should Penny include in this list?This type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and Enter or space to select the option. option A Expense incurred in meeting the regulatory standards for the company option B Benefits for employees in the organization option C Travel expenses to the customer’s office option D Costs incurred for maintaining coffee stations around the office.
- County Community Clinic is made up of 5 departments: 3 Service Line (revenue generating) departments - Adult Health, Child Health and Mental Health. They also have 2 support departments - Administration and Finance. The Direct Costs for the 5 Departments are: Administration Finance Adult Health Child Health Mental Health Finance Adult Health Child Health Here is some other data on the County Community Clinic Departments Department FTE Visits Administration 3 2 $400,000 $100,000 10 8 Behavioral Health 2 $1,000,000 $400,000 $100,000 10,000 4,000 1,000 Revenue $3,000,000 $1,000,000 $200,000t.php?attempt%3D1347310&cmid3D701917&page3D2 E-learning services SQU Libraries SQU Portal Attendance English (en) Ali decided to install a new internet fiber service. He signed a contract with Company XYZ. The contract states that Ali pays a monthly subscription fee. Ali's monthly internet cost can be classified as a: t of estion Select one: a. Sunk cost b. Fixed cost C. Moderation cost O d. Mixed cost Oe. Variable cost ious page Next page - Answers to Ch3 Additional Exercises Jump to Exam 1 Part 2- Sp20ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hepworth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patients require more monitoring than others, these activities should be separated. Third, the daily rate should reflect the difference in demands resulting from differences in patient type. Separating the occupancy activity into two separate activities also required the determination of the cost…
- ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hep worth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patientsrequire more monitoring than others, these activities should be separated. Third, the daily rateshould reflect the difference in demands resulting from differences in patient type. Separating theoccupancy activity into two separate activities also required the determination of the cost of…The revenue retrieval for PG Glass design is $ ? The revenue retrieval for Glass Unlimited design is $ ? The best design alternative is ?You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process: Costs/Benefits College Course Community Course Cost $4,300 $1,190 Distance to course 0.20 miles (walking distance) 18 miles (driving distance) Timing of course Weekday Weekend Number of meetings 16 8 Qualitative considerations Convenience, quality of instruction Flexibility, brief duration Pretend transportation (gas, mileage, and parking) cost $220 per class session at the library. If you consider solely the cost - including transportation - of each alternative, which would you choose? Multiple Choice College course Community course Both alternatives Neither alternative
- For the following descriptions, state whether the cost is controllable or uncontrollable by responsibility center managers. A. advertising for a merchandiser B. corporate income taxes C. office supplies for a merchandiser D. donations to the Salvation Army E. insurance for delivery vehiclesing and learning resource from Cengage Leaming - Google Chrome takeAssignment/takeAssignmentMain.do?invoker=&ttakeAssignmentSessionLocator=8inprogress%3false еВook Organization Costs S&W Plumbing decided to incorporate and has incurred the following costs of organizing: Incorporation fees $ 400 Attorneys' fees 4,200 Promotion expenses 5,300 Prepare the entry for the payment of these organization costs for cash on January 31. Page: DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 20-- 1 Jan. 31 1 3 3 hpA ezto.mheducation.com Questions O Mail - Thompsón, A.. P Forgot Your Userna... Pro's Touch Landsc. Question 7- Chapt. UIRED Assignment Part 2 - Due 10/03 .. Saved Exercise 5A-3 (Static) Cost Behavior; High-Low Method [LO5-10] Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y = a + bX. 3. If a truck were driven 80,000 kilometers during a year, what total operating cost would you expect to be incurred? Complete this question by entering your answers in the tabs below. Required 1…