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ivanzaharov [21]
3 years ago
15

Which of the following cost behaviors cannot be accurately represented by a single straight​ line? A. Fixed costs B. Step costs

C. Variable costs D. Mixed costs
Business
2 answers:
sdas [7]3 years ago
3 0

Answer:

B. Step costs

Explanation:

Step cost cannot be represented by a straight single line because it changes the line at different point to reflect the different step at which costs are involved. Fixed cost can be represented by a single horizontal line. variable and mixed cost is also represented by a single diagonal / steep line. So the correct option is B. Step costs.

Semmy [17]3 years ago
3 0

Answer: B. Step costs

Explanation: Step costs cannot be accurately represented by a single straight​ line. This is because of its unusual step-like manner—horizontally over a range, then vertically, then horizontally, and so on. Step costs are expenses that change disproportionately when production levels or activity levels of any firm, increases or decreases—they are constant for a given level of activity, but increase or decrease once a threshold is crossed.

Step costing is very important when a company is about to achieve a new and higher activity level or if activity is falling off and operations must be reduced.

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1. What is the difference between fixed, variable, and periodic costs?
lisov135 [29]

Answer:

The difference is in how they response to the level of production of the firm.

Variable cost are directly associated with the production level, therefore changes with the number of units produced.

Fixed costs do not change with the level of production and remains fixed. Usually, fixed cost changes with the time.

Periodic Costs are the costs that cannot be capitalised and are incurred for a period of time. Such as administrative costs.

Explanation:

4 0
3 years ago
Which statement is false?
Llana [10]

Answer:

The statement which is false is the no matter that whether perpetual inventory system or periodic system is used by company, but all the companies require to evaluate inventory quantities at the end of the accounting period.

Explanation:

The statement is false because the companies does not require to determine or assess the inventory quantities at each accounting period.

Therefore, the correct option is C.

5 0
2 years ago
When shopping for clothes and shoes, keep in mind the logo, team name, style or celebrity endorser question 1 options:
lawyer [7]
B. False. More real-world, relevant and important ideas to keep in mind when shopping for shoes and clothes are the associated quality of the manufacturer, which could be a brand name. Also, of utmost importance is the overall quality of the product with relation to its cost. The size of the item is also important. Do not buy an overpriced item, that does not fit properly and is made of cheap materials that quickly break.
3 0
3 years ago
To assign overhead costs to each product, the company:_____.
mina [271]

Answer:

a. multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Hence, to assign overhead costs to each product, the company multiplies the activity-based overhead rates per cost driver by the number of cost drivers expected to be used per product.

In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;

Activity rate = total overhead cost/activity for the activity cost pool.

4 0
2 years ago
If a student records his or her verbal participation everytime it occurs during a class period, the student is using ___ recordi
maks197457 [2]
Event recording and direct observation methods
4 0
2 years ago
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