Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output. Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa. Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost. To explain : The difference between fixed cost and mixed cost.

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Answer 1

Question

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

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Answer 2

Question

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Expert Solution & Answer

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Answer 4

Question

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Expert Solution & Answer

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Answer 5

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Answer 6

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Answer 7

Chapter 5, Problem 6Q

To determine

Fixed Cost: It is a cost which is constant in the short run, it is not related to any change in the production of goods or service, it will be fixed disregarding of increase or decrease in output.

Variable Cost: This cost is directly proportional to the level of output produced, it increase with increase in output and vice versa.

Mixed Cost: It contains some elements of fixed cost and some elements of variable cost. Therefore, mixed cost is combination of both fixed cost and variable cost.

To explain: The difference between fixed cost and mixed cost.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 5 - (a) What is cost behavior analysis? (b) Why is...Ch. 5 - (a) Scott Winter asks your help in understanding...Ch. 5 - Contrast the effects of changes in the activity...Ch. 5 - J. P. Alexander claims that the relevant range...Ch. 5 - The relevant range is indispensable in cost...Ch. 5 - Prob. 6Q Ch. 5 - How should mixed costs be classified in CVP...Ch. 5 - At the high and low levels of activity during the...Ch. 5 - "Cost-volume-profit (CVP) analysis is based...Ch. 5 - Faye Dunn defines contribution margin as the...

Solution Summary: The author explains the difference between fixed cost and mixed cost.

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