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3 years ago

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How are fixed costs different from variable costs?

2 answers:

viva [34]3 years ago

8 0

Answer:

How are fixed costs different from variable costs?

Fixed costs are costs associated with capital, such as machinery; variable costs are the cost of labor.

Explanation:

Alekssandra [29.7K]3 years ago

6 0

Answer:

How are fixed costs different from variable costs?Fixed costs do not change no matter how much a business produces; variable costs do change.

Explanation:

when a company decides to produce a certain commodity fixed cost and variable costs are the main costs of the company. Fixed costs are constant regardless of the amount of output a company produces . e.g insurance and rental payment while Variable cost changes or varies or with the amount of goods and services produced by a company.e.g money paid for labour.

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Economies of scale refers to the fact that as the quantity of product produced in a given time period __________, the cost of ma

lora16 [44]

Economies of scale refers to the fact that as the quantity of product produced in a given time period <u>increase</u>, the cost of manufacturing each unit <u>decreases</u>.

<h3>What is Economies of scale?</h3>

Economies of scale can be defined as the benefit a company or organization enjoy for expanding their business or the cost benefit a business derived when they increases their level of output.

Therefore Economies of scale refers to the fact that as the quantity of product produced in a given time period <u>increase</u>, the cost of manufacturing each unit<u> decreases.</u>

Learn more about economies of scale here:brainly.com/question/780900

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2 years ago

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Closing march 15, next payment due april 1. how many months of escrow can lender take for taxes

Naddika [18.5K]

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3 years ago

Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes

san4es73 [151]

Answer:

I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.

The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.

When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".

Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.

If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.

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4 years ago

How does a city get money ?

kotykmax [81]

Taxes, and government grants/loans. They can also sell property.

8 0

3 years ago

Read 2 more answers

Effects of fixed and variable cost behavior on the risk and rewards of business opportunities LO 11-2

Kipish [7]

Answer and Explanation:

The Preparation of income statement of each point is shown below:-

A. Kenton and Denton Universities

Income Statement

Particulars Kenton Denton

Revenue (20 × $450) $9,000 $9,000

Less: Instruction fees

Per course fees $5,000

Per student fee (20 × $250) $5,000

Net income $4,000 $4,000

B. Kenton Universities

Income Statement

Particulars Kenton

Revenue (40 × $240) $9,600

Less: Instruction fees

Per course fees $5,000

Net income $4,600

C. Denton Universities

Income Statement

Particulars Denton

Revenue (40 × $240) $9,600

Less: Instruction fees

Per student fee (40 × $250) $10,000

Net income -$400

D. Kenton and Denton Universities

Income Statement

Particulars Kenton Denton

Revenue (10 × $450) $4,500 $4,500

Less: Instruction fees

Per course fees $5,000

Per student fee (10 × $250) $2,500

Net income -$500 $2,000

We simply deduct all the expenses from the revenue to arrive at net income and a net loss

4 0

3 years ago