Define a variable cost and a fixed cost. What causes changes in these costs? Give two examples of each
A variable cost is one that remains constant on a per-unit basis but varies in total with changes in activity. Examples of variable costs include direct material, direct labor, and (possibly) utilities. A fixed cost is one that remains constant in total but varies inversely on a per-unit basis with changes in activity. Examples of fixed costs include straight-line depreciation, insurance, and the supervisor's salary.
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Rogers Manufacturing sells an old machine to KSS Corp which is having financial difficulty. Rogers agrees to accept payment over 3 years. The adjusted basis of the machine to the seller is $5,000 and the buyer is expected to make payments of $2,000 per year for 3 years. What amount of net profit is recognized by the seller in year 3 if the seller uses the installment method? (Assume that the
buyer makes the payments.) a. $2,000 b. $1,000 c. $333.33 d. $0 e. $666.67
One goal of bankruptcy law is to ensure equitable treatment of creditors who are competing for a debtor's assets.?
Indicate whether the statement is true or false
Failure to provide positive feedback for a job well done, resulting in lower motivation thereafter is an example of a(n)
A. disempowerment. B. extinction. C. negative reinforcement. D. positive reinforcement. E. punishment.
What are the advantages of Bluetooth technology?