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Its the Variable Cost... good luck with your Econ homework :D
The output cost of a finished product will depend on the following aspects: 1. Cost of raw materials purchased for manufacturing a new product 2. Inward Freight, loading and unloading charges 3. Electrical energy or any other energy used for manufacture of new product 4. Human energy spent for manufacture of new product 5. Technical-know-how or skilled professionals' salary If these costs less, the cost will be less and if these costs high the cost will be higher R.R.JAGADEESAN.
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What causes long term change in climate?
In the longest term changes in climate are caused by changes in the sun's output. Over shorter terms there are many different causes.
What type of cost is fixed per unit of output and changes with volume of output?
varible?
Why does earth experience ice ages and other climate changes?
Changes in solar output, changes in Earth's orbit, and changes in Earth's atmosphere.
What type of climate change forcing is increased solar output?
Increased solar output is classed as a positive natural forcing.There are basically three kinds of climate forcing:Greenhouse gases.Other anthropogenic (man-made) forcing (soot, reflective particles, soil and dust, landcover changes like de- or re-forestation and human changes of clouds)Natural forcings like changes in the sun's energy and volcanic emissions.
Why are changes of state chemical changes?
They aren't; a change of state is a physical change
What are Fixed and variable costs in the workplace?
fixed cost will not change with the change in output variable cost will change with chang in output
What is the definition of variable costs?
Change depending on the level of output
What are a business firm's fixed and variable costs of production?
Fixed costs are costs that do not vary with the level of output, such as rent and insurance premiums. Variable costs are costs that change with the level of output, such as wages and raw materials.
What is fixed costs plus variable costs?
Fixed costs are costs that DO NOT change in response to changes to activity levels.Variable costs are costs that change in proportion to changes in volume or activity.It's simple, you just have to remember:Fixed cost:Total - DO NOT changePer unit -CHANGES (usually, decrease)Variable cost:Per unit - SAMETotal -CHANGES
How CVP analysis is used in managerial accounting decision making?
Cost-Volume-Profit (CVP) Analysis considers the impact that changes in output have on revenue, costs, and net income. In applying CVP Analysis, costs are separated into variable and fixed costs. This distinction is important because, as mentioned previously, variable costs change with changes in output, whereas fixed costs remain constant throughout what is referred to as a relevant range. CVP analysis is based on the following equation: Profit = Total Revenues - Total variable costs - Total fixed costs
Variable costs are conventionally deemed to?
Vary per unit of output as production volume changes.
Cost change when rate of operation or output changes?
variable cost
Fixed costs are those costs which are what?
Fixed and do not change. A variable cost changes. Fixed costs are things like rent, salaries, or any other cost that does not change over time.
What would cause marginal costs to increase?
By definition marginal cost is the change in total costs for each additional item produced. Marginal costs will decrease when changes in inputs result in costs increasing at a decreasing rate. An example might be gains in productivity when hiring an additional unit of labor results in a more than proportional increase in output. Marginal costs would increase when an additional unit of an input results in a less than proportional increase in output (assuming input prices are constant).
When marginal costs are below average cost at a given output one can deduce that if output increases what happens?
when marginal costs are below average cost at a given output, one candeduce that, if output increases dose average costs fall or marginal costs will fall
What increases ones car insurance costs?
A few things that change your car insurance costs are changes in marital status, changes in use of vehicle, change in drivers, change in credit, change in moving violations, change in coverage, where you reside/park the vehicle, and also a change in the safety features of the car/ or getting a new vehicle.
What can happen if costs and budget are not monitored?
These are costs that change according to output .The costs change directly according to how many products are made .An example of this is a business producing footballs will have varying requirements for amounts of rubber, lead and valves depending on how many footballs it makes .
