Average fixed cost (also called “fixed, variable overhead”) is the per-unit cost of the company, which is calculated by dividing the permanent or fixed cost by the number of actual production units and which varies as the production in terms of the number of units increases or decreases ...
Differentiate Marginal Enforcement Cost and MCE and give examples of each. Is MCE a private or a public cost? Explain. Explain the concept of opportunity cost, the fixed cost and the hidden cost fallacy, and determine whether it is better to rent or...
The fixed cost level is a concept which measures the autonomous expenditure level being incurred by the producer irrespective of the production level, on the other hand, the variable cost level measures the marginal cost level in current by the producer in orde...
Graph 1 represents the behaviour of this cost with respect to volume of output.Enlarge image If budgeted output (activity) for the year was 1,000 units, the company could use a fixed production overhead absorption rate (FOAR) of: Budgeted fixed production overhead = $10,000 = ...
Graph 1 represents the behaviour of this cost with respect to volume of output.Enlarge image If budgeted output (activity) for the year was 1,000 units, the company could use a fixed production overhead absorption rate (FOAR) of: Budgeted fixed production overhead = $10,000 = $...
One of these bases is the cost behavior, which should be fixed cost, variable cost, mixed cost, and step costs. Answer and Explanation: The correct answer is a. step costs. Step costs cannot be represented by single...
The total cost of production is equal to the sum of the fixed costs (costs that do not vary with output) and variable costs (costs that are related to output). Any average cost is equal to the total cost divided by output. ...
A lower-cost (and higher-performance) alternative to floating-point arithmetic is fixed point, where the binary point is “fixed” for each data path (Figure 1), and the bit-field is divided into the sign bit (if needed), the integer wordlength (WInt), and the fractional wordlength (WFr...
Answer and Explanation:1 Graph showing various types of cost of a firm is drawn below: In the graph, AC refers to Average cost or average total cost AVC refers to...
There are various types of cost which a business can incur. These may or may not be directly related to the product and may be fixed or variable in nature. Answer and Explanation: Answer: The given statement is (b) False Explanation: Total fixed cost refers to...