Paige Corporation observed that when 25,000 units were sold, a particular cost amounted to $75,000, or $3.00 per unit. When volume increased by 10%, the cost totaled $82,500 (i.e., $3.00 per unit). The cost that Paige is studying can best be described as a:
A. fixed cost.
B. semivariable cost.
C. step-fixed cost.
D. discretionary fixed cost.
E. variable cost.
Answer: E
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Designing research procedures that produce reliable marketing data means that
A. others using the same procedure will get almost identical data. B. the procedure must give results that support the hypothesis. C. the procedure must not give results that contradict other research studies. D. the procedure may give results that contradict other research studies. E. sampling must be done in a completely random manner.
A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:
A. 5.0%. B. 4.8%. C. 20.8%. D. 20.0%. E. 24.0%.
Supply chain network design decisions classified as capacity allocation are concerned with
A) what processes are performed at each facility. B) where facilities should be located. C) how much capacity should be allocated to each facility. D) what markets each facility should serve and which supply sources should feed each facility.
Household Furnishings, Inc., distributes its merchandise on an interstate basis. Under the commerce clause, Congress has the power to regulate
A. any commercial activity in the United States. B. only activities that are in intrastate commerce. C. only activities that are in local commerce. D. only activities that are not in commerce.