DJ.J5 Time lerL 1.2 O d. $1.66 O e. $6.67 CLEAR MY CHOICE Which of the following statements related to CVP chart is not true? O a. None of the given answers. O b. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. O c. The intercept between the total cost line on a graph and the y-axis determines variable cost. O d. To determine the variable cost per unit from a graph, the change in cost is divided by the change in units. O e. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. f. The slope of the total cost line determines the variable cost per unit. PAGE NEXT PAGE COLL CET 0004 A MAG241C GAMING MONITOR

DJ.J5 Time lerL 1.2 O d. $1.66 O e. $6.67 CLEAR MY CHOICE Which of the following statements related to CVP chart is not true? O a. None of the given answers. O b. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. O c. The intercept between the total cost line on a graph and the y-axis determines variable cost. O d. To determine the variable cost per unit from a graph, the change in cost is divided by the change in units. O e. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. f. The slope of the total cost line determines the variable cost per unit. PAGE NEXT PAGE COLL CET 0004 A MAG241C GAMING MONITOR

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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7. Which of the following charts best represent total variable costs? For each chart, the line represents the cost behavior pattern, the vertical axis represents costs, and the horizontal axis represents total volume, (A) Your answer is (B) (C) (D) Explain your answer: 8. Which of the following is NOT a cost estimation method? A) High-low cost estimation B) Scatter diagrams C) Least-square regressions D) CVP analysis Your answer is Explain your answer: 9. Assume a local Cost Cutters provides cuts, perms, and hairstyling services. Annual fixed costs are $120,000, and variable costs are 40 percent of sales revenue. Determine its break-even point in sales dollars. A) $250,000 B) $200,000 c) $240,000 D) $360,000 Your answer is Explain your answer:
26. I. The higher the production within relevant range, the higher is fixed cost per unit.II. The higher is the production within relevant range, the higher is the variable cost per unit.III. The lower the production, the lower the total fixed cost. a• True, False, False b• True, True, True c• False, False, True d• False, False, False e• False, True, False
Time left 1:41:04 Which of the following statements related to CVP chart is not true? O a. To calculate the total fixed cost froma graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. O b. To determine the variable cost per unit from a graph, the change in cost is divided by the change in units. O c. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O d. The slope of the total cost line determines the variable cost per unit. O e. None of the given answers. O f. The intercept between the total cost line on a graph and the y-axis determines variable cost. 14:18 search a 10) ENG 15-04-2021 delete home end num backspace lock home enter J K pause T shift 11 end ctrl
Why is variable cost $174?
For the given cost function C(x) = 28900+ 500x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $
elearn.squ.edu.or (Academic) al Accounting || fall20 All else being equal, what happens to the unit contribution margin and the contribution margin ratio if the sales price per unit increases? Select one: Oa. Unit contribution margin decreases while contribution margin ratio increases. b.Both unit contribution margin and contribution margin ratio are unchanged. Oc. None of the given answers. d. Unit contribution margin increases and contribution margin ratio decreases Pe. Both unit .contribution margin and contribution margin ratio decrease.
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Which of the following statements related to CVP chart is not true? O a. None of the given answers. O b. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. Oc. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O d. To determine the variable cost per unit froma graph, the change in cost is divided by the change in units. O e. The slope of the total cost line determines the fixed cost per unit. Of. The intercept between the total cost line on a graph and the y axis determines the fixed cost. on Mazoon Company sells 500 units resulting in $300,000 of sales revenue, $100,000 of variable costs, and $36,000 of fixed costs. The number of units that must be sold to achieve $40,000 of operating income is: Fir F2 F3 F9 F10 F1 F4 F5 F6 F7 F8 23…
The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Year Increase (Decrease) 2022 2021 Amount Net sales 18,600,000 $ 15,300,000 Cost of goods sold 13,280,400 6,885,000 Gross profit 5,319,600 8,415,000 Operating expenses 1,543,800 1,147,500 Depreciation expense 948,600 948,600 Inventory write-down 167,400 Loss (litigation) 1,450,800 321,300 Income before tax 1,209,000 5,997,600 409,200 1,943,100 Income tax expense Net income 799,800 $ 4,054,500 $
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