Mixed cost - Study guides, Class notes & Summaries

. Questions 1. a. Variable cost: A variable cost is one that remains constant on a per unit basis, but which changes in total in direct relationship to changes in volume. b. Fixed cost: A fixed cost is one that remains constant in total amount, but which changes, if expressed on a per unit basis, inversely with changes in volume. c. Mixed cost: A mixed cost is a cost that contains both variable and fixed cost elements. 2. a. Unit fixed costs will decrease as volume increases. b. Unit v...

WGU D196 Objective Assessment Prep (Latest 2024/ 2025 Update) Principles of Financial and Managerial Accounting- Questions and Verified Answers| 100% Correct| Grade A Q: Which of the following is not an example of a cost driver? a. Miles driven b. Selling costs c. Machine hours d. Number of customers Answer: b Q: Which item is a period cost? Manufacturing supplies Overhead directly tied to the production facility Raw materials Marketing expense Answer: d Q: ...

TEST BANK For Clayton’s Basic Pharmacology for Nurses 19th Edition Michelle Willihnganz ||All Chapters (1 - 48)||Newest Version 2024 A+ Test Bank For Clayton’s Basic Pharmacology for Nurses 19th Edition By Michelle J. Willihnganz, Samuel L. Gurevitz, Bruce Clayton Complete MULTIPLE CHOICE 1. Which name identifies a drug listed by the US Food and Drug Administration (FDA)? a. Brand b. Nonproprietary c. Official d. Trademark ANS: C The official name is the name under which a drug i...

RECA Fundamentals Exam questions with correct answers 100% correctWhich of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the ...

Abiotic disorder - Answer- A non-pest plant stress such as improper nutrition, too much or too little water, winter or frost injury Action threshold - Answer- The pest density at which action (such as pesticide application) is justified to prevent further damage. Adelgid - Answer- An insect closely related to aphids that feed on conifers. Their feeding often causes galls to form. Aesthetic injury level - Answer- The point at which damage from a pest becomes noticeable enough to negative...

ACC 241 EXAM 2 WITH COMPLETE QUESTIONS AND ANSWERS (GRADED A)ACC 241 EXAM 2 WITH COMPLETE QUESTIONS AND ANSWERS (GRADED A)ACC 241 EXAM 2 WITH COMPLETE QUESTIONS AND ANSWERS (GRADED A)ACC 241 EXAM 2 WITH COMPLETE QUESTIONS AND ANSWERS (GRADED A)A) Cost Equation - ANSWER - mathematical equation for a straight line, to predict total cost can be mathematically expressed: total variable cost (y) = variable cost per unit of activity (v) X Volume of activity (x) key characteristics of mixed cost...

normative statement an opinion that cannot be confirmed by referencing facts positive statement a statement that can be proved by referencing facts why are economic models used? theories cannot be tested in a controlled environment the basic economic problem scarcity - consumer wants are always greater than available resources opportunity cost the next best alternative foregone factors of production resources used by a firm in production list and define the factors of production lab...

Cost behavior refers to: Select one: A. Whether a particular expense has been ethically incurred. B. Whether a cost is incurred in a manufacturing, merchandising, or service company. C. How costs react to a change in the level of activity. Correct D. Classifying costs as either inventoriable or period costs. correct answers D. Which of the following is an example of a cost that is variable with respect to the number of units produced? Select one: A. Salaries of top marketing executiv...

What type of a cost is given? a. fixed cost b. variable cost c. step cost d. mixed cost e. rent cost. - Answer b. variable cost

Ambulatory Care Nursing Certification Exam with Questions and Answers 2024 A+ Graded. The ambulatory care nurses function under 3 major roles - Answer Organizational Professional Clinical Organizational roles include - Answer Policies and procedures Professional roles include - Answer Evidence-based practice Clinical roles include - Answer Assessment and critical thinking Social workers - Answer Provide PSYCHOSOCIAL assessments, ongoing counseling & tx Serve as a consultant to the team ...