What are variable costs, fixed costs, and mixed costs? What is/are the difference between variable and full costing? Give three examples of variable costs and fixed costs. Describe how distinguishing between variable and fixed costs can be useful in forecast...
Give a definition and some examples. Describe the variables in the cost equation Y = f + vX. Do all costs become expenses? Explain. What is cost allocation? Give an example of a cost that needs to be allocated. Define variable and fixed costs, and provide at least two examples of each...
Answer to: Explain the difference between implicit and explicit costs. Give two examples of when an explicit cost is different from an implicit...
Give a definition and some examples. What are service-sustaining costs? Give a definition and some examples. What is an opportunity cost? Give examples. Define variable and fixed costs, and provide at least two examples of each. Explain the cost-behavior patterns of variable...
2. Give two examples of costs that are variable costs and two examples of fixed costs. Explain working capital using an example. In your workplace, give a good example of a direct cost? An indirect cost? Please provide an explanation of why your example fits the definition. Define ...
Give three examples of variable costs and fixed costs. What is the difference between a value-added and a non-value-added cost? Give an example of each. What are controllable costs? The manager of a cost center has the responsibility for making decisions affecting a) the center's revenu...
Answer to: Give four examples of overhead expenses which may be common in factory overheads as well as in administrative overheads and marketing...
Identify a variable cost you or someone you know incurs. Explain why it is classified as a variable cost. Distinguish between inventoriable costs and period costs and provide some examples. Define the terms product cost and period cos...
Describe two approaches to listing the expenses in the income statement. An unexpected increase in the variable costs for a firm is an example of ___ risk. Define and give an example of a sunk cost. Give some differences between debt and equity. Also, give some examples. Calculat...
Briefly explain each by providing examples. Explain what is meant by indirect costs of financial distress. Define variable costs and fixed costs, and give an example of each. Describe the various costs that a business would inc...