(a) Variable Costs are costs that change in direct proportion to changes in activity level. (b) Unit variable cost remain constant regardless of the level of activity Show a. Both statements are true b. Both statements are false c. Statement A is true and statement B is false d. Statement A is false and statement B is true  Q: Explain the impact of an increase in the level of activity (or cost driver) on (a) total variable… A: (a) Q: A cost which remains constant per unit at various levels of activity is a Select one: a. mixed cost.… A: Solution: A cost which remains constant per unit at various levels of activity is a "Variable cost".… Q: Variable costs are costs that: Select one: a. Both (a) and (b) above. b. vary in total directly and… A: The costs incurred in production can be classified as variable cost, fixed cost and mixed cost. Q: What is the effect of an increase in activity on the followingitems?a. Total variable costs.b.… A: Cost behavior: Cost behavior is the relationship between cost and activity and it is relevant to the… Q: A fixed cost is a cost which O A. remains constant per unit with changes in the level of activity O… A: Fixed cost is not affected by the changes in the level of activity. Q: When output volume increases, do variable costs per unit increase, decrease, or stay the same within… A: Variable costs: These are the costs that proportionately change with the changes in the activity… Q: When output volume increases, do variable costs per unit increase, decrease, or stay the same within… A: Variable costs: These are the costs that proportionately change with the changes in the activity… Q: A fixed cost is a cost which Group of answer choices varies inversely in total with changes in… A: Fixed cost is a cost that remains constant as volume of activity changes but per unit basis varies… Q: When output volume increases, do fixed costs per unit increase, decrease, or stay the same within… A: Fixed Costs: These are the costs that remain constant in total dollar amount irrespective to the… Q: Which costs will change with a decrease in activity within the relevant range? Unit variable cost… A: Cost can be classified into two categories i.e fixed cost and variable cost. The fixed cost remains… Q: Which of the following statements is correct about fixed costs? a. Fixed costs vary on per unit… A: SOLUTION EXPLANATION- 1-FIXED COST DOES NOT CHANGE BASED ON ACTIVITY. 2-THE COST WILL STAY THE SAME… Q: 1. Total variable cost is affected by changes in activity and per unit variable cost is constant A: Total Cost Consists of Two Components which is Fixed cost and Variable cost. The Behavior of these… Q: Explain the impact of an increase in the level of activity (or cost driver) on (a) total fixed cost… A: Click to see the answer Q: A cost driver a. causes fixed costs to rise because of production changes. b. has a direct… A: According to activity based costing, the overhead cost is applied to the production on the basis of… Q: Within the relevant range, if there is a change in the level of the cost driver then a. fixed… A: Introduction: Fixed costs: Fixed costs remains fixed in nature. It won't varies according to the… Q: Variable costs are costs that: Select one: a. Neither of the above b. vary in total directly and… A: Variable costs is one of the one of the component of the total cost. Variable cost is the cost which… Q: Variable costs are expenses that ________. a.remain constant on a per-unit basis but change in… A: Variable costs as the name suggests are those costs which are variable in nature or these costs will… Q: Write “True” if the statement is true and write “False” if the statement is false A fixed cost is… A: Variable cost includes: Direct material Wages Direct labor cost Commission on sales Fixed cost… Q: What is the term used to describe costs that increase in steps? A. Variable costs B. Fixed costs… A: Cost is referred as the essential part of the business or a company which looks after the costs such… Q: What happens to the total variable costs and the total fixed costs when the level of activity… A: Formula: Total cost = Variable cost + Fixed cost Sum of both variable and fixed cost derives the… Q: Variable costs are the costs remain constant in 'total" amount over a wide range of activity for a… A: Cost refers to the amount spend on the production of goods or services. This is the amount seller… Q: A variable cost is a cost thata. varies per unit at every level of activity.b. occurs at various… A: Cost can be categorized as variable cost and fixed cost. Q: A variable cost is a cost thata. varies per unit at every level of activity.b. occurs at various… A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost… Q: A fixed cost remains constant in total and on a per unit basis at various levels of activity. Ture O… A: Following is the answer to the given question Q: Describe how total fixed costs and unit fixed costs behave as the level of activity increases A: Fixed costs are those costs that remain fixed irrespective of the level of activity. Q: :The change in total cost from producing another unit of output equals the following Average total… A: The marginal cost of production is the change in total production cost that comes from making or… Q: How does the variable cost per unit change as the level of activity (or cost driver) increases? Why? A: A variable cost changes is directly proportional to the change in the level of activity or cost… Q: Describe how total variable costs and unit variable costs behave as the level of activity increases? A: Variable cost varies with the changing level of activity i.e. if the activity increases the variable… Q: Write “True” if the statement is true and write “False” if the statement is false. Fixed cost is… A: The total cost of production includes the variable costs, fixed costs and mixed costs. Q: Fixed costs are costs that: Select one: a. Neither of the above b. remain the same per unit at every… A: Fixed Cost Correct Answer = Option B = Remain the same per unit at every activity level Variable… Q: Fixed costs per unit . Can be estimated by the high-low method. O Remains the same when the level of… A: The monetary value paid for the acquisition of something, or to run the operations of the… Q: Which cost will fall as production is reduced? Total variable costs Variable costs per… A: Production is the total output produced by the manufacturer during the period. Q: How does the fixed cost per unit change as the level of activity (or cost driver) increases? Why? A: Fixed cost refers to such overheads that are not directly related to the business and which do not… Q: A fixed cost total rises or falls in approximate proportion to changes in activity base. Select one:… A: The costs incurred can be defined as fixed Cost and variable cost Q: Which of the following cost per unit remains fixed in respect of the volume of production. a.… A: Some cost do not change with the level of activity of production. Q: What is characteristic of variable costs within the relevant range? A. Decrease in total as as… A: Variable costs within the relevant range has following characteristics :- Total variable cost… Q: In the standard cost formula Y = a + bX, what does the "Y" represent? total cost variable cost per… A: Variable cost: Variable cost refers to that cost which gets increased with the increase in the… Q: Cost A is a fixed cost, while B is a variable cost. During the current year, the volume of output… A: There are two cost fixed cost and variable cost. Cost per unit depends on fixed and variable costs… Q: In the fixed cost per unit does the it increase as activity decreases and will decrease as activity… A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which… Q: Discretionary costs: are variable in relation to the level of activity, such as the production or… A: Cost means the amount incurred for running the business. Discretionary cost means the cost which is… Q: Which of the following describes the behavior of the fixed cost per unit? Decreases… A: Fixed cost is the cost that remains constant irrespective of the level of production. Whereas… Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. SEE MORE QUESTIONS Recommended textbooks for you Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting (Text Only) ISBN:9781285743615 Author:Carl Warren, James M. Reeve, Jonathan Duchac Publisher:Cengage Learning Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning Accounting ISBN:9781337272094 Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E. Publisher:Cengage Learning, Accounting (Text Only) ISBN:9781285743615 Author:Carl Warren, James M. Reeve, Jonathan Duchac Publisher:Cengage Learning Which of the following costs change in direct proportion to a change in activity level?Variable costs vary in direct proportion to a change in an activity base. Discretionary costs are costs which can be avoided. Discretionary costs are typically fixed in nature.
Which of the following costs are expenses that change in proportion to the activity of a business?Variable costs are any expenses that change based on how much a company produces and sells. This means that variable costs increase as production rises and decrease as production falls. Some of the most common types of variable costs include labor, utility expenses, commissions, and raw materials.
Which costs changes in direct proportion to a change in volume?Answer and Explanation: A cost that changes in proportion to changes in volume of activity is called c) a variable cost. Variable costs are those tied directly to production and rise and fall depending on what work a business does.
Which cost changes with the level of activity?Variable costs have two main characteristics: (a) The total cost varies in proportion to changes in the level of activity (b) The cost per unit remains constant, regardless of the activity level.
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Which of the following costs changes in direct proportion to a change in the activity level?
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