hich of the following statements related to CVP chart is not true? To determine the variable cost per unit from a graph, the change in cost is divided by the change in units D a. O b. The scatter graph method is a way to estimate the cost behavior by graphically connecting the two cost identified with the highest and lowest volume levels. O C. The slope of the total cost line determines the variable cost per unit. O d. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per earlier and subtracting that from the total cost for that level of volume. The intercept between the total cost line on a graph and the y-axis determines the fixed cost. e

hich of the following statements related to CVP chart is not true? To determine the variable cost per unit from a graph, the change in cost is divided by the change in units D a. O b. The scatter graph method is a way to estimate the cost behavior by graphically connecting the two cost identified with the highest and lowest volume levels. O C. The slope of the total cost line determines the variable cost per unit. O d. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per earlier and subtracting that from the total cost for that level of volume. The intercept between the total cost line on a graph and the y-axis determines the fixed cost. e

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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For the given cost function C(x) = 28900+ 500x + x², First, find the average cost function. Use it to find: a) The production level that will minimize the average cost X = b) The minimal average cost $
Which of the following statements related to CVP chart is not true? O a. None of the given answers. O b. To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit found out earlier and subtracting that from the total cost for that level of volume. Oc. The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O d. To determine the variable cost per unit froma graph, the change in cost is divided by the change in units. O e. The slope of the total cost line determines the fixed cost per unit. Of. The intercept between the total cost line on a graph and the y axis determines the fixed cost. on Mazoon Company sells 500 units resulting in $300,000 of sales revenue, $100,000 of variable costs, and $36,000 of fixed costs. The number of units that must be sold to achieve $40,000 of operating income is: Fir F2 F3 F9 F10 F1 F4 F5 F6 F7 F8 23…
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