Variable And Semi Variable Cost Essays and Term Papers

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

    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...

    333 Words | 2 Pages

  • Variable Costs

    Diagnosis and Treatment for Suicide Introduction to Behavioral Science BEH/225 Jean Fraley 2/1/13 Imagine if you ended your life one year ago. All the amazing things you would have missed out on. You must always appreciate life. – Unknown Suicide is a psychological disorder. Suicide is...

    523 Words | 2 Pages

  • Variable Cost

    Running head: VARIABLE COSTS Variable Costs ACC/561 June 12, 2012 Variable Costs Any cost which is not fixed and will change in same amount when there is change in production volume is accounted as variable costs. This also means that they change in total rather than per unit whenever there...

    783 Words | 3 Pages

  • Variable Costs

    Costs and budgets The management of costs is a very important aspect of managing financial resources. If costs are not managed effectively, it can lead to profits being damaged and the business potentially unable today its expense. Keeping within a budget, increasing income in order to cope with change...

    768 Words | 2 Pages

  • Fixed and Variable Costs

    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...

    888 Words | 3 Pages

  • Cost variable profit

    University of Phoenix Material Financial Statement Review What is the net income for the current fiscal year? Is it up or down from the prior year? Why would this information be important to investors? The net Income is 234 Million Dollars. It is down from the previous year. This would be...

    331 Words | 1 Pages

  • Fixed and Variable Compliance Cost

    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...

    317 Words | 1 Pages

  • Calculating Ficed Cost Variable Costs

    Years                       3 Average Revenue        $1,533,523.00 Average Customers           8,202.00 Average Revenue per Unit  $ 187.00 Average Variable Cost : 2002            $1,011,008**                              **$417,004+$124,101.20+$117,903+$351,000 2003             1,142,681.00**                         ...

    57 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

  • The Average Variable Cost Curve

    The average variable cost (AVC) in the short run and long run is ‘U’ shaped. Average variable cost is the total variable cost per unit of output, found by dividing total variable cost by the quantity of output. Thus if a firm produces X2 units of a commodity at a total variable cost of TVx2 the AVC...

    738 Words | 2 Pages

  • Accounting variable and absorption costs

    Variable costing vs Absorption costing Variable and Absorption costing are two different methods and ways that many organizations use to determine and calculate product cost. The income statements formats of both methods include period and product costs. However, each one has a different cost...

    506 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

  • 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

  • Variable and Fix Cost

    TUI University Variable and Fixed Cost Module 1 Case Dr. Li-Lin Liu Pa April 22, 2012 Part I: Use the background material and Internet to answer the questions below. Discuss and analyze the difference between managerial and financial accounting. Pay particular attention to: * How is managerial...

    648 Words | 3 Pages

  • Microeconomics: Variable Cost

    able to explain and calculate average and marginal cost to make production decisions.” Reference: Gregory Mankiw’s Principles of Microeconomics, 2nd edition, Chapter 13. Long-Run versus Short-Run In order to understand average cost and marginal cost, it is first necessary to understand the distinction...

    1833 Words | 6 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

  • Direct Labor as a Variable Cost

    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...

    368 Words | 1 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

  • 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