Explain the difference between fixed and mixed costs

Assignment Help Accounting Basics
Reference no: EM132065551

Question: Part I: Using the list of expenses in Jim's Auto Body's Income Statement, indicate whether the expense is fixed, variable, or mixed.

769_1.png

Part II: In a memo to your client, Jim Davis, explain the difference between fixed, variable, and mixed costs. Also define, in your own words, contribution margin, break-even point, and cost-volume profit analysis, including the formulas for all three and how the client can utilize them in his business. Your memo should be 600-700 words in APA format.

Reference no: EM132065551

Questions Cloud

Discuss why your selected concepts are important : Discuss why your selected concepts are important for you as an investor to factor into the decision-making process.
Distribution of the average weight of individual oranges : Each bag has 16 oranges. What is the distribution of the average weight of individual oranges?
How and what markets are risky to the companies : Analyze the companies and industry from the perspective of risks and topics that we discuss in the course.
Multiple measurements of the cholesterol level : A lab technician is tested for her consistency by making multiple measurements of the cholesterol level in one blood sample.
Explain the difference between fixed and mixed costs : In a memo to your client, Jim Davis, explain the difference between fixed, variable, and mixed costs. Also define, in your own words, contribution margin.
What is the probability exactly 2 of the clocks are defectiv : Suppose that you choose 9 clocks at random, What is the probability exactly 2 of the clocks are defective.
What key roles do they play in the financial markets : Provide a description of the bond, the bond's current yield, the bond's yield to maturity, and the bond's credit rating. Is the bond an investment-grade bond?
Confidence interval for the population proportion : Lets say 500 appointment mapping requests are received, 197 of which were mapped to an office visit.
Explain what the calculation is saying : EPS analysis graph. PE ratio analysis. I want EPS analysis graph for the last 5 years or more and how does it look on a per year basis for both.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd