Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Which of the following statements regarding fixed costs is incorrect

19/03/2021 Client: saad24vbs Deadline: 2 Day

1. Which of the following statements about cost behavior is true?

A costs item that is classified as “variable” relative to one activity base may be classified as “fixed” relative to another activity base.

The concept of “relevant range” applies to fixed costs but not to variable costs.

As output increases, fixed cost per unit increases.

As output increases, mixed cost per unit increases.

2. Which of the following costs changes in direct proportion to a change in the activity level?

Fixed cost.

Variable cost.

Step-variable cost.

Semi-variable cost.

3. The Eola Hills Company has estimated the following cost formulas for overhead:

Cost Formula: Lubricants $2,500 plus $0.50 per machine-hour Utilities $3,000 plus $0.60 per machine-hour Depreciation $1,000 Maintenance $1,200 plus $0.10 per machine-hour Machine setup $ 0.30 per machine-hour

Based on these cost formulas, the total overhead cost expected at an activity level of 500 machine hours is:

$7700.

$8450.

$7900.

$8350.

4. A product sells for $15 per unit and has variable expenses of $9 per unit. Fixed expenses total $70,000 per month. How many units of the product must be sold each month to yield a monthly profit of $20,000?

10,000 units

3,750 units

6,000 units

15,000 units

5. Which of the following statements about cost-volume-profit analysis is false?

A company selling multiple products should use the contribution margin ratio method to perform CVP analysis.

The break-even point is the sales level at which the total contribution margin is equal to total fixed costs.

An assumption of CVP analysis is that productivity improves over time.

An assumption of CVP analysis is that variable costs are linear.

6. Which of the following would take place if a company were forced to increase its variable cost per unit?

Contribution Margin: Break-even Point:

Increase Increase

Increase Increase:

Decrease Increase

Decrease Decrease

7. Richard Hamilton has a fast-food franchise and must pay a franchise fee equal to $35,000 plus 3% of gross sales. In terms of cost behavior, the fee is a:

fixed cost.

variable cost.

mixed cost.

step-fixed cost.

8. Which of the following statements about operating leverage is false?

A change in sales volume will affect a company’s operating leverage.

The degree of operating leverage is highest in companies that have relatively high fixed costs and relatively low variable costs in proportion to total coats.

If a company has an operating leverage of “4,” then a 10% increase in sales will result in a 40% increase in net income.

The net income of a company with a relatively low operating leverage will be more sensitive to changes in sales volume than for a company with a relatively high operating leverage.

9. The following information is available for the Skyway Company for 20X5: Sales $200,000 Variable expenses 140,000 Fixed expenses 40,000 What was Skyway’s contribution-margin ratio for 20X5?

20%

80%

70%

30%

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Engineering Mentor
Fatimah Syeda
Quality Homework Helper
Essay & Assignment Help
Homework Guru
Instant Assignment Writer
Writer Writer Name Offer Chat
Engineering Mentor

ONLINE

Engineering Mentor

I have read your project details. I can do this within your deadline.

$59 Chat With Writer
Fatimah Syeda

ONLINE

Fatimah Syeda

I will cover all the points which you have mentioned in your project details.

$70 Chat With Writer
Quality Homework Helper

ONLINE

Quality Homework Helper

I have read your project details. I can do this within your deadline.

$21 Chat With Writer
Essay & Assignment Help

ONLINE

Essay & Assignment Help

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$38 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I have read and understood all your initial requirements, and I am very professional in this task.

$66 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I have read and understood all your initial requirements, and I am very professional in this task.

$21 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Practical Reflection Org_Beahvior - Shanahan construction company has entered - MKT/435 WEEK 2 - Pacific trails resort chapter 8 code - Compare and contrast cognitive and psychodynamic - Alternating bands of gray and pigmented hair - What does html stand for - North hereford hunt pony club - Beachbody elite nutrition plan - Qualitative methods of demand forecasting ppt - How to make a pool game in java - Gorilla 10m xlr cable lock alarm - General Biology - Practice psychometric tests pwc - Economics - Why is foopets not free anymore - Robbins timber in bristol - Values in gran torino - Hugh stewart hall rooms - Thinking through the past volume 2 5th edition - Punnett square practice worksheet answers - Dean gallagher weber shandwick - Siemens financial services leasing - My ministry of pleasure - Homeward trust housing first - Hoover's plan to end the great depression apush - Toyota - Sir gawain and the green knight answer key - Cmgtzus - Responses - Minterms and maxterms problems - Arabian journal for science and engineering - Www vctms co uk - The men we carry in our minds thesis - For Essays Guru - - Was homework invented as a punishment - Research Article UploadAssignment - Managerial Accounting: PA2 - The casino industry case analysis - Dow 795 data sheet - What does colpodynia mean - Western star rx module location - English-Check-in Activity: The Play's Title - Intercultural communication paper assignment - Butterworth vs chebyshev filters - Education - Guidance on the use of tactile paving surfaces - Method of initial rates - Louth county council planning - The gate theory of pain - Dandenong ranges national park walks - Loughborough university past students - Recommendation in report writing - Business - Clp 1006 - Intrathecal chemotherapy icd 10 pcs - Help me - What is the name for hbr - Homo suburbiensis by bruce dawe - Calculate the concentration of acetic acid in vinegar - M commerce infrastructure ppt - Can someone assist? - Arguments for the pledge of allegiance - Written assignment-Transformational leadership - Sample lab report chemistry - University of oslo physiotherapy - The mask you live in 2015 - PA 2 Paper - Data Analysis & Business Intelligence - Efficient capital markets and behavioral challenges - Placide tempels bantu philosophy pdf - Work done by spring - Berkshire Hathaway (liquidity, profitability, and solvency) - Moving data from teradata to hadoop - My sister and i comparison essay - A history of the modern world palmer pdf - How to create a bell curve in excel 2007 - Romeo and juliet study guide questions and answers act 2 - 9.2 data distributions and outliers answers - Judeo christian and greco roman perspectives answers - Unit substitution fault finding - Between- or Within-Subject Design - Discussion Board - Need assistance with part 2-4 - When does lady macbeth sleepwalk - Nrs 490 capstone project change proposal - The dreamer of oz cast - Japanese knotweed waltham forest - Walmart ethics follow up - Corporation - 2/32 brookside road darlington - Spit it out tv show - WK1 Project hsc4010 epidemiology and disease control - Bathurst district cricket association - Apa citation aca code of ethics - Partial dependency and transitive dependency - Paper towns chapter 4 summary - Excel 2019 skills approach ch 3 challenge yourself 3.3 - Effective approaches in leadership and management - Functional assessment and program development for problem behavior o neill - Matweb aluminum 6061 t6