Kindly answer all questions: 1.) Cost behavior is considered linear whenever a straight line is a reasonable approximation for the relation between cost and activity. A. True B. False

Q: 1.Choose all of the following statements that are true. a. Opportunity costs and sunk costs are not…

A: a. Opportunity costs are not shown in the financial statements of companies. While, sunk costs…

Q: Direct materials would be considered a?   Group of answer choices Step Cost Mixed Cost Fixed Cost…

A: Hi Student Since there are multiple questions,we will answer only first question. If you want…

Q: a. TRADITIONAL - What is traditional cost allocation for manufacturing overhead? Give an example of…

A: For ascertaining the accurate product cost or total production cost of the manufacturing…

Q: How do I find the "actual variable costs" in a list of transactions? It would be direct labor,…

A: Cost is the expense incurred in the acquisition and conversion of raw materials to finished goods.…

Q: APPLY THE CONCEPTS: Determine the total fixed cost Costs that are not tied to changes in production…

A: Fixed costs are those costs which do not change with change in level of activity. For example,…

Q: Ipany that uses varia

A: In Variable costing, product cost is the sum of direct material , direct labour and variable…

Q: How can variable costing income statement be used in manufacturing enterprises?

A: In a Variable costing income statement, all variable costs are deducted from the sales, to compute…

Q: Fixed costs depend on the: Select one: a. amount of resources acquired b. amount of resources used…

A: Since you have posted multiple questions, we will do the first one for you. Please post the other…

Q: Please calculate the change in operating income due to cost leadership. Label each component as to…

A: To calculate the change in operating income due to cost leadership, we need to analyze the…

Q: To better determine profit goals, activity-based cost (ABC) accounting, which tries to identify the…

A: ABC Is used in assigning both costs and overhead

Q: what of the  costs is an example of a cost that remains the same in total as the number of units…

A: The objective of the question is to identify which among the given costs is a fixed cost. A fixed…

Q: Please explain the statement below (T/F) thoroughly with examples illustrating the answer.  "In…

A: in Activity-based costing many numbers of cost pools. In activity-based costing, a product margin…

Q: Product costing is the process of:  A. accumulating the costs of a production process. B. assigning…

A: Cost accounting  is a form under the various available systems of accounting including financial…

Q: which of the following is typically a mixed cost? a. Rent for a factory building b. Total…

A: Mixed cost is the combination of two cost such as, fixed cost or variable cost so it includes both…

Q: Each incorrect answer cancels out each correcr one. Indicate which of the following statements are…

A: 1. Indirect costs are those factors whose increase or decrease is not related to changes in the…

Q: . Which of the following is the best definition of a variable cost? A. A variable cost is one which…

A: Variable costs are the costs that vary on the basis of the level of output. They are determined per…

Q: Which one of the following represents a period cost? a. Fringe benefits associated with factory…

A: Financial statements are statements which states the business activities performed by the company .…

Q: When using the high-low method to estimate costs, the formula “Change in Cost divided by Change in…

A: The objective of the question is to identify what cost component is estimated using the formula…

Q: Which of the following is an example of a cost that is variable with respect to the number of units…

A: The costs incurred for the production are classified as fixed and variable Costs. The fixed costs…

Q: I - A decrease in production will ordinarily result in an increase in fixed production cost per…

A: Introduction:- Fixed cost are remain constant irrespective of production volume Fixed cost per unit…

Q: Which of the following statements is true? O a. Activity-based costs per unit are always greater…

A: The volume based costing represents the cost allocation to a single cost pool. The high volume…

Q: You have been employed as a cost    accountant by Pared Inc.  The president, I.M. Pared, is having a…

A: The following accounts are used to record the flow of costs:- Raw material inventory Labor…

Q: tatement is true or false, and correct the false tatement(s): Manufacturing cost is called period…

A: Manufacturing cost is the cost incurred to manufacture units . It includes direct material , direct…