more accurate costs in their decisions. 2-4 Factors affecting the classification of a cost as direct or indirect include • the materiality of the cost in question‚ • available information-gathering technology‚ • design of operations 2-5 A variable cost changes in total in proportion to changes in the related level of total activity or volume. An example is a sales commission that is a percentage of each sales revenue dollar. A fixed cost remains unchanged in total for a given time period
Premium Variable cost Costs Fixed cost
Question 1 of 25 | 1.0/ 1.0 Points | Numerical variables can be subdivided into which two types? | | A. Cross-sectional and discrete | | | | B. Diverse and categorical | | | | C. Nominal and progressive | | | | D. Discrete and continuous | | Answer Key: D | Part 2 of 9 - | 2.0/ 2.0 Points | Question 2 of 25 | 1.0/ 1.0 Points | A jar contains four white marbles‚ five red marbles‚ and six black marbles. If a marble is selected at random‚ find the probability that
Premium Random variable Probability theory Normal distribution
Definition and explanation of mixed or semi variable cost: A mixed cost is one that contains both variable and fixed cost elements. Mixed cost is also known as semi variable cost. Examples of mixed costs include electricity and telephone bills. A portion of these expenses are usually consists line rent. Line rent normally is fixed for each month. Variable portion consists units consumed or calls made. The relationship between mixed cost and level of activity can be expressed by the following equation
Premium Variable cost Costs Fixed cost
Macroeconomic Variables & Its Impact on KSE -100 index MACROECONOMIC VARIABLES & ITS IMPACT ON KSE -100 INDEX BY MUHAMMAD SALMAN KHAN ABSTRACT Stock exchange or secondary market plays pivotal role of an economy. From it one can easily guess the overall economy of the county. From various factors‚ stock market is dependent and the impacts of these factors are clearing i.e. positive or negative. Macroeconomic variables in economy that influence the stock exchange and macroeconomic variables that affect
Premium Stock market Macroeconomics Inflation
Q-1 Selected financial information about Vijay merchant company is given below: Particulars | 2010 (Rs.) | 2009 (Rs.) | Sales | 69‚000 | 43‚000 | Cost of Goods Sold | 57‚000 | 32‚500 | Debtors | 7‚200 | 3‚000 | Inventories | 11‚400 | 5‚500 | Cash | 1‚500 | 800 | Other Current Assets | 4‚000 | 2‚700 | Current Liabilities | 16‚000 | 11‚000 | Compute the current ratio‚ quick ratio‚ and average debt collection period and inventory turnover for 2009 and 2010- State whether there is
Premium Variable cost Management accounting Costs
week in revenue (fig.3) was hurting profitability even further. The answer lies in the other half of operations‚ known as costs. Variable costs are expenses that are directly associated with the sale of a good. When variable costs are subtracted from sales what is left is known as the contribution margin which gives an idea of how profitable your sales are. CRU’s variable
Premium Variable cost Renting Costs
MKT 2375 Chapter 2 Problem 1 a. CD Contribution Profit Selling Price to CD Distributor Less: Variable Cost $9.00 $1.25 $0.35 $1.00 $2.60 CD Package and disk Songwriter’s royalties Recording artists’ royalties Total Variable Cost Contribution per CD unit $6.40 Chapter 2 Problem 1 b. Break-Even Analysis – Units and Dollars Total Fixed Cost Advertising and Promotion $275‚000 Studio Recording’s Overhead $250‚000 Total Fixed Cost $525‚000 BEVU = $525‚000 / $6.40 = 82‚031
Premium Variable cost Costs Management accounting
Foxy Originals 1. Discuss the pros and cons to launching the Foxy brand in the United States. To determine the pros and cons‚ we conducted a SWOT analysis: S(trengths) – Foxy Originals has saturated the Canadian market‚ which presents an opportunity for growth. The two owners have extensive experience in designing jewelry‚ having done so since they were in high school. They’re good at what they do and have had time to perfect their trade. They also have a firm grasp of who their target
Premium Variable cost Marketing Costs
Chapter 4 and 5 Problems Please complete the following 7 exercises below in either Excel or a word document (but must be single document). You must show your work where appropriate (leaving the calculations within Excel cells is acceptable). Save the document‚ and submit it in the appropriate week using the Assignment Submission button. Chapter 4 Exercise 3 3. Cost flows and overhead application Cleveland Metals uses a job cost system and applies factory overhead to production at a predetermined
Premium Variable cost Costs Fixed cost
the two semi-vertical (upright) lines show variable cost and sales‚ respectively. Provider B has greater fixed cost than provider A because B’s fixed cost line is higher than A’s; therefore‚ provider B has greater fixed costs than provider A. Variable cost is determined by the gap between fixed cost line and total cost point. Provider A’s distance between its total cost and fixed cost line is greater than Provider B. Hence‚ Provider A has higher variable cost than B. Provider B has greater
Premium Variable cost Costs Fixed cost