User Account

All Pages

Explain the variations in the related total costs

Assignment Help Accounting Basics
Reference no: EM132087753

Question: The two basic assumptions used in estimating cost behavior are:

1. Variations in the level of a single activity (the cost driver) explain the variations in the related total costs.

2. Cost behavior is approximated by a linear cost function within the relevant range.

Do you feel like in reality that most of the time neither of these things hold true or do they usually always hold true? Why or why not.

200 words with references

Reference no: EM132087753

Questions Cloud

What are your short-range goals : Create a cover letter and resume for yourself for a job you would like to have. Please do not include personal information.
Work breakout structure for your project : you will be creating a Work Breakout Structure (WBS) for your project (Remodeling a bathroom) using the software application that you have selected.
Describe health and safety training options : Conduct research to identify and describe health and safety training options and solutions for candidates that are used by employment management services.
Describe how you will test the hypothesis analysis : Describe how you will test the hypothesis and carry out your analysis.
Explain the variations in the related total costs : Variations in the level of a single activity (the cost driver) explain the variations in the related total costs. Cost behavior is approximated by a linear cost
Defects are often reduced or eliminated : In a just-in-time and total quality management environment, defects are often reduced or eliminated.
Identify a local health coalition or advocacy group : Identify a local health coalition or advocacy group (offered in Maryland state or Baltimore, MD) and describe its mission, objectives, and offerings.
Write suggestions on how to answer the manager : A company invests considerable time and money to develop sophisticated cost functions that rate high on all evaluative criteria.
Impact of cash flow forecasting in hospitals : What are the impact of cash flow forecasting in hospitals based on utilization, physician competition, technology, cost of providing care, and hospital

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the above costs is variable

Electricity is billed by kilowatt hour. According to its first bill, Raymondo's paid $573 for 3,000 kilowatt hours in January.

  Sobrenos company desires a december 31 ending inventory of

sobrenos company desires a december 31 ending inventory of 2840 units. budgeted sales for december ared 4000 units. the

  Identify the level at which engineering design would be

engineering design is an activity vital to the success of any motor vehicle manufacturer. identify the level at which

  David company uses the weighted-average method in its

david company uses the weighted-average method in its process costing system. the first processing department the

  The quantity supplied of computers is 50 at a unit price of

the quantity supplied of computers is 50 at a unit price of 100. suppose the price elasticity of supply by the inital

  Compute the cost of 1000 units of bunkka-22 using the

mathias company manufactures a number of specialized machine parts. part bunkka-22 uses 35 of direct materials and 15

  At the time of the destruction mrs brown had an adjusted

during the current year mrs. brown paid 15000 for the demolition of a warehouse she was using in her business. at the

  Traditional costing method for manufacturing overhead

The company is considering the use of activity-based costing as an alternative to its traditional costing method for manufacturing overhead

  Prepare a post-closing trial balance

Accounts of Pioneer Heating Corporation at the end of the first year of operations showed the following balances. In addition, prepaid operating expenses are 4000, and accrued sales commissions payable are $5900. Investment revenue receivable is ..

  Business management solutions

MYOB is a leading provider of business management solutions for small to medium size organisations in areas including accounting, payroll, job management and financial reporting.

  Using the data for express travel service shown in practice

Janis Paisley invested an additional $30,000 in the business during the year and withdrew cash of $18,000 for personal use.

  Cate the net income under the current situation

jensen company has the following situationsales price 40 per unitvariable cost per unit 25 per unitfixed costs

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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