"Fixed and variable costs" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Good Essays

    Fixed and Variable Costs

    • 421 Words
    • 2 Pages

    the costs for the year. The restaurant wanted to see what some of their fixed and variable costs were for the year. They also wanted to make sure they remain in their relevant range. The costs focused on were the cost of hamburgers (raw materials) and the cost of building rent. It was determined that the raw materials were the variable costs because the cost will vary based on production of hamburgers. A variable cost is a cost that will change in direct proportion to changes in the cost-driver

    Premium Costs Variable cost

    • 421 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Fixed and Variable Costs

    • 888 Words
    • 4 Pages

    Health services managers are essentially interested in how costs are affected by changes in volume. Cost behavior refers to a cost ’s reactions to activity level. A cost may rise‚ fall‚ or remain constant as activity levels fluctuate. We can classify several types of costs on the basis of their relationship to the amount of services provided‚ often referred to as activity‚ utilization‚ or volume (Gapenski‚ 2012). When dealing with the future there is a level of uncertainty of volume with regard

    Premium Variable cost Costs Fixed cost

    • 888 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Variable or Fixed Cost

    • 363 Words
    • 2 Pages

    Being able to determine whether a cost is fixed or variable is vital to the understanding of overhead loading and cost behavior. A fixed cost is unchanged with a change to the cost driver. (Horngren‚ Sutton‚ and Stratton p.46) Which means that a fixed cost does not rise with the change is production of your product. A good example of a fixed cost is rent. No matter how many widgets you make (within a relevant range) your rent will not increase. A variable cost‚ on the other hand‚ does change with

    Premium Costs Variable cost Management accounting

    • 363 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Fixed CostsVariable costs‚ and Break Even Point Elizabeth Gaud HSM /260 August 21‚ 2011 Stephanie Koontz Fixed CostsVariable costs‚ and Break Even Point Exercise 10.1 Recompute fixed costsvariable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? Answer:

    Premium Fixed cost Variable cost Costs

    • 511 Words
    • 3 Pages
    Powerful Essays
  • Satisfactory Essays

    Agri-environment contract adoption under fixed and variable compliance costs. This report looks at the agri-environment contract adpted by farmers’ to be able to contribute and partake in the enrivonmental schemes through pressure groups and government. It provides disctinct description to the differences in fixed and variable costs. The purpose of explaining the differences were to illustrate how farmers partaking to the project would be different than how much land will be needed to chip in the

    Premium Cost Costs Variable cost

    • 317 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the method adopted

    Premium Costs Variable cost Depreciation

    • 560 Words
    • 3 Pages
    Good Essays
  • Good Essays

    marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material used to make shirts |

    Premium Variable cost Costs Management accounting

    • 1753 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Question 5.1 Explain the difference between fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line

    Premium Costs Cost Variable cost

    • 333 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Assignment: Fixed CostsVariable Costs‚ and Break-Even Point Exercise 10.1 During the sixth month of the fiscal year‚ the program director of the Westchester Home-Delivered Meals (WHDM) program decides to again recompute fixed costsvariable costs‚ and the BEP using the high–low method. Here are the number of meals served and the total costs of the program for each of the first six months: Month Meals Served Total Costs July 3‚500 $20‚500. August 4‚000 $22‚600. September 4‚200 $23

    Premium Costs Variable cost Fixed cost

    • 480 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    businesses are transforming labor into a more flexible (and variable) cost.  Among such companies are Hewlett-Packard‚ General Electric‚ DuPont‚ Sun Microsystems‚ and British Airways.  Discuss whether direct labor is a fixed or a variable cost.  What are the pros and cons of management treating direct labor as a variable cost?  Are there ethical issues to be considered here?  Direct labor can be classified as a fixed cost or a variable cost‚ depending on how flexible the employer needs to be/can be

    Premium Costs Cost Variable cost

    • 357 Words
    • 2 Pages
    Good Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50