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Will total variable costs increase if the level of activity increases within the relevant range?
Wiki User
∙ 10y ago
yes
Wiki User
∙ 10y ago
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Which costs will change with an increase in activity within the relevant range?
Unit Fixed Cost and Total Variable Cost Kenny Kalejaiye
Which cost will change with a decrease in activity within relevant range?
unit fixed costs and total variable cost
What are example of variable expenses?
Variable costs are costs that increase in total as output increases. For example, total labor costs increase per each hour worked; total direct materials costs increase per unit produced, etc.
Variable cost fluctuates in total as activity changes but remains constant on a per unit basis over the relevant range true or false?
true
What are the steps to developing a flexible budget?
The flexible budget uses the master budget as its basis. To develop the flexible budget, management should take the following steps. 1. Identify the activity index and the relevant range of activity. 2. Identify the variable costs, and determine the budgeted variable cost per unit of activity for each cost. 3. Identify the fixed costs, and determine the budgeted amount for each cost. 4. Prepare the budget for selected increments of activity within the relevant range.
Which costs will change with an increase in activity within the relevant range?
Unit Fixed Cost and Total Variable Cost Kenny Kalejaiye
Which cost will change with a decrease in activity within relevant range?
unit fixed costs and total variable cost
Sales is 50000 variable expense 20000 fixed expense 20000 net income 10000 find net income if activity volume increases 10 percent percent?
$13000 or an increase of $3000.
Positive correlation implies what--dependent variable improves as independent variable increases or dependent variable decreases as independent variable increases or?
dependent variable improves (or increases) as independent variable increases
If average cost increases does marginal cost increase?
It depends if the increase in Average Cost is caused by an increase in Fixed Costs or an increase in Variable Costs. An increase in Fixed Costs will not increase MC, because FCs do not vary with output (by definition) And increase in Variable Costs will increase MC
What is the behavior of total variable cost as output increases?
tvc will also inscrease as output increase
What is the meaning of inverse and direct relationship?
An inversely proportional relationship shows that as one variable of an equation increases, the other will decrease. A directly proportional relationship shows that as one variable increases, the other increases as well.
What is a variable for the number 9?
There is no relevant variable.
What are example of variable expenses?
Variable costs are costs that increase in total as output increases. For example, total labor costs increase per each hour worked; total direct materials costs increase per unit produced, etc.
Which correctly describes speed sensitive variable assist steering?
Increases assist at highway speeds to increase maneuverability
What are the rules for a positive correlation?
As the explanatory variable increases, the response variable increases
Variable cost fluctuates in total as activity changes but remains constant on a per unit basis over the relevant range true or false?
true
