Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis. Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost. Requirement-1: To calculate: Find Difference between in the cost between making and buying?

Question

Want to see the full answer?

Answer 1

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

What is the cost of goods sold

SnapGallery Inc. sells one digital poster frame. The sales price per unit is $12. The variable cost per unit is $7. Fixed costs per annum are $13,500 and having a sales volume of 5,000 digital poster frames would result in: 1. a profit of $11,500 2. a loss of $2,500 3. breaking even 4. a profit of $8,000

What would be the bas debt expense for the year

Answer 2

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 6

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

Answer 7

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

Answer 8

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

Answer 9

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

Answer 10

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 11

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 7 - Briefly describe the five steps of the management...Ch. 7 - Suppose you are considering a part-time job to...Ch. 7 - Prob. 3Q Ch. 7 - What are criteria for a cost to be considered...Ch. 7 - Prob. 5Q Ch. 7 - Explain opportunity cost and list two opportunity...Ch. 7 - Why should opportunity costs be factored into the...Ch. 7 - Explain excess capacity and full capacity. Include...Ch. 7 - How e the concepts of full capacity and...Ch. 7 - Prob. 10Q

Solution Summary: The author explains the difference between variable cost and fixed cost. Variable cost increases as the output of the product increases.

Videos

Want to see the full answer?

Chapter 7 Solutions