The Relationship Between Fixed And Variable Costs Used In A Flexible Budget Essays and Term Papers

  • Explain the difference between fixed costs, semi-fixed costs, and variable costs.

    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...

    333 Words | 2 Pages

  • Fixed and Variable Costs

    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...

    888 Words | 3 Pages

  • Fixed and Variable Compliance Cost

    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...

    317 Words | 1 Pages

  • Variable or Fixed Cost

    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...

    363 Words | 2 Pages

  • Fixed and Variable Cost

    Introduction There are two different categories for cost; they are either classified as fixed costs or variable costs. These costs also behave differently based on the level of sales volumes. I am running a restaurant and have identified certain costs along with the number of annual units sold of 1,000...

    582 Words | 2 Pages

  • Fixed and Variable Costs

    Nita’s looked at 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...

    421 Words | 1 Pages

  • Fixed vs. Variable Cost

    types of costs, fixed costs and variable costs. Fixed costs stay the same regardless of the number of units sold. Variable costs increase or decrease due to the number of units sold. Fixed costs can be spread out though, through the number of units sold. In this assignment the fixed cost is the building...

    394 Words | 2 Pages

  • Accounting Fixed and Variable Costs

    Fixed and Variable Costs Item: Raw Materials (cost for hamburgers) Total Annual Cost: 650 Item: Building Rent Total Annual Cost: 9000 Identify which cost item above is fixed and variable and why? What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then...

    431 Words | 2 Pages

  • Fixed Costs, Variable Costs, and Bep

    Fixed Costs, Variable costs, and Break Even Point Elizabeth Gaud HSM /260 August 21, 2011 Stephanie Koontz Fixed Costs, Variable costs, and Break Even Point Exercise 10.1 Recompute fixed costs, variable costs, and the BEP. What are the variable costs? What are the fixed costs? How many meals...

    511 Words | 2 Pages

  • Cost Is Fixed Cost or Variable Cost in Nature?

    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...

    560 Words | 2 Pages

  • Hsm/260: Fixed Costs, Variable Costs, and Break

    HSM/260: Fixed Costs, Variable Costs, and Break Fixed Costs, Variable Costs, and Break 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 costs, variable costs, and the BEP using...

    625 Words | 3 Pages

  • Fixed Costs, Variable Costs, and Break-Even Point

    Assignment: Fixed Costs, Variable 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 costs, variable costs, and the BEP using the high–low method. Here...

    480 Words | 3 Pages

  • How Do Variable Costs and Fixed Costs Differ?

    Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent, office utilities, advertising costs, etc. In a year, these costs can be known ahead of time...

    663 Words | 3 Pages

  • Relationships Between Variables

    changes in one phenomenon or variable be causing or be caused by movements in the other variable? This is an important relationship called a Causal Relationship. 3) Could apparently related movements come about purely by chance? 4) Could movements in one factor or variable be as a result of combined...

    511 Words | 2 Pages

  • Fixed Cost Variable Cost and Break Ev

    Jennifer Smith Fixed Cost, Variable Cost, and Break-Even Point HSM/260 Cynthia Cucuzza November 23, 2014 Exercise 10.1 Cost: High-Low= $26, 000.00 −$20,500.00 =$5,500.00  The variable cost per meal: $5,500.00 ÷ 1,400 = $3.93  The variable cost for the low month: $13,755.00 Fixed cost: $20,500.00 −...

    121 Words | 4 Pages

  • Distribution of Variable vs Fixed Costs of Hospital Care

    CONTEXT: Most strategies proposed to control the rising cost of health care are aimed at reducing medical resource consumption rates. These approaches may be limited in effectiveness because of the relatively low variable cost of medical care. Variable costs (for medication and supplies) are saved if a facility...

    284 Words | 1 Pages

  • Hsm Week 4: Assignment: Fixed Costs, Variable Costs, and Break

    Assignment: Fixed and Variable Costs, Break-Even Point Exercise 10.1 Recompute fixed costs, variable 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...

    545 Words | 3 Pages

  • He Relationship Between Mobile and Fixed Line Communications

    The relationship between mobile and fixed line communications: A survey Ingo Vogelsang *) Department of Economics Boston University 270 Bay State Road Boston, MA 02215 vogelsan@bu.edu Abstract While a dramatic worldwide increase in mobile communication to above 4 billion users has occurred, wealthy...

    12893 Words | 41 Pages

  • Identify the Difference Between Start Up and Operating Costs, Variablecpsts and Fixed Costs

    Task 1 A start-up cost is a cost that you start with for example in the flower shop it would be a deposit on the shop and the first month’s rent. Also the first lot of stock, advertisement a sign, table, counter, till and a credit card machine. The operating costs are costs that you carry on paying...

    297 Words | 1 Pages

  • flexible budget

     “Team B” Flexible Budget Tenecia Blevins, Zokieya Canida, Robert Edmonds, Carl Hignite, Harold Smith Accounting - ACC/561 September 1, 2014 Myrtle Clark Flexible Budget Organizations in today’s ever-changing global market make use of budgeting to help measure performance, plan, and...

    1285 Words | 5 Pages