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What happens to break even point if fixed cost increase and variable cost decrease?
If fixed cost is increased it means more number of units are required to cover fixed cost that's mean breakeven point will increase as well. If variable cost reduces then it means there is increase in contribution margin and contribution margin ratio which means that less number of units will be required to cover fixed cost hence breakeven point will reduce.
Why product cost is also called inventoriable cost?
Product cost is also called inventoriable cost because the two terms mean the same thing. These terms mean the cost of manufacturing or buying the product, plus whatever the cost of getting the product ready and in place for sale.
What do you mean by batch costing?
The identification and assignment of costs related to producing a set amount of goods. This includes all fixed and variable costs for producing the batch. The unit cost of a batch of goods can be calculated by dividing the batch cost by the number of units produced.
What does expense mean?
It means it is worth a lot.
Do financial reporting and financial statement mean the same thing?
"Do the term financial reporting and financial statement mean the same thing?"
What does variable mean in algebraic?
The variable is the letter, the thing that can be changed.
What does the variable mean in algebra?
The variable is the letter, the thing that can be changed.
What does cost variable mean?
Variable cost is the cost which varies as variation in production units For example if 10 units produce variable cost = 100 if 100 units produce variable cost =1000 so per unit variable cost = 10
What does variable q mean?
It means any thing that you define it to mean.
Do Variable costs and differential costs mean the same thing?
No they are not the same things. Differential costs are ones that differ between different alternatives. Differential costs are used interchangeably with the terms avoidable, incremental, and relevant costs. However, variable costs are simply ones that vary with different activity levels. They do not necessarily differ between alternatives.
What is does independent variable mean in math terms?
The independent variable is the thing that stays the same throughout the problem.
What does the word variable mean in a science project?
The word Variable means that it is the thing that is undefined and needs to be defined in the experiment
What does situation mean in math?
Use a variable for the question
What is diminishing marginal productivity explain with example?
the law diminishinf mean fixed cost and variable cost
What does variable mean in a science fair project?
the variable, is what varies(the thing your testing against the other thing) or what is always changing hope that helps signed amna osman
What does the word variable mean in you science project?
It is the thing that is undefined and needs to be defined in the experiment, as in what changes, how you measure and so forth. Basically like a variable in math.
What does constants in a science fair project mean?
When some thing stays the same.
