Show  Q: On the cost-volume-profit graph, the area between the total cost line and the sales line before the… A: This is part of break-even analysis. Q: Describe how total variable costs and unit variable costs behave with changes in the level of… A: Since you have asked questions with multiple sub-parts, we shall be answering thefirst 3 for you.… Q: A cost that has characteristics of both a varlable cost and a fixed cost is called a Oa,… A: Reason:- Mixed cost refers to the cost which is a combination or mix of both fixed cost and variable… Q: On the cost- volume -profit graph , the area between the total cost line and the sales line before… A: Cost-volume-profit graph represents the sales line, total cost line, variable cost, fixed costs and… Q: Which costs will change with a decrease in activity within the relevant range? Unit variable cost… A: Cost can be classified into two categories i.e fixed cost and variable cost. The fixed cost remains… Q: The measure that reflects an organization's variable and fixed cost relationship and indicates how a… A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at… Q: On the cost-volume-profit graph, the area between the total cost line and the sales line before the… A: on the cost volume profit graph, the area between the total costline and the sales line before the… Q: Within the relevant range, if there is a change in the level of the cost driver then a. fixed… A: Introduction: Fixed costs: Fixed costs remains fixed in nature. It won't varies according to the… Q: (c) Describe a situation where net profit under variable costing is higher than absorption JIT… A: Variable costing is a costing method in which overhead is incurred in the period of production of… Q: When units produced exceeds units sold, a. net income under absorption costing is higher than net… A: If units produced > units sold There will be ending inventory. Some part of the fixed factory… Q: When will NOI under the variable costing method show higher income than under the absorption costing A: Net Operating Income: It is a calculation used to assess the profitability of the business. Q: A cost driver a. causes fixed costs to rise because of production changes. b. has a direct… A: According to activity based costing, the overhead cost is applied to the production on the basis of… Q: Margin of safety is computed as Select one: O a. Contribution margin - Fixed costs O b. Breakeven… A: Margin Of Safety is the difference between Break Even Sales and Actual Sales Q: On the cost-volume-profit graph, the area between the total cost line and the sales line after the… A: CVP analysis helps in determining the effect of variation in the costs on the profitability of an… Q: The formula for Contribution is Select one: a. Fixed cost + loss b. Sales - Variable cost c. Fixed… A: Contribution:- It is the amount obtained by subtracting variable cost from the sales which means… Q: The formula for Contribution is Select one: a. Fixed cost + loss b. Sales - Variable cost c. Fixed… A: Cost accounting system is a framework that guides the firm to calculate their cost and helps in… Q: Which of the following statements is true? a. When production is greater than sales, operating… A: 1.When production is greater than sale then profit will be more under Absorption costing. As… Q: Which of the following statements is true? a. When production is greater than sales, operating… A: The question is based on the concept of Cost Accounting. Q: To calculate the sales dollars necessary to achieved a desired profit level, the sum of fixed costs… A: The break even sales are the sales where business earns no profit no loss during the period. Q: Variable cost varies _____ with output. a. Disproportionately b. Proportionately c. More than… A: The different costs of production are classified as fixed costs and variable costs. The fixed cost… Q: Contribution margin is a. another term for volume in the "cost-volume-profit" analysis b. the same… A: As posted multiple independent questions we are answering only first question kindly repost the… Q: When units sold exceeds, units produced, basis a. net income under absorption costing is higher than… A: Absorption is an important method of costing in Accounting System. It refers to those costs which… Q: What is characteristic of variable costs within the relevant range? A. Decrease in total as as… A: Variable costs within the relevant range has following characteristics :- Total variable cost… Q: TRUE OR FALSE Net income under variable costing is unaffected by changes in production levels. A: in variable costing fixed manufacturing overhead are exclude from the cost of production Q: When production exceeds sales, the net operating income reported under absorption costing generally… A: The income statement is prepared to estimate the net profit or loss incurred during the period. Q: Contribution margin per unit is the amount by which a product's unit selling price exceeds its… A: Selling price: Selling price is a price set by the supplier at which he is ready to sell his goods.… Q: When using CVP Analysis, Net Profit (positive NI) would occur when Fixed Costs (FC) exceed total… A: Net income as per CVP analysis - sales - variable cost = contribution contribution - fixed cost =… Q: When units produced are less than units sold, income under absorption costing is higher than income… A: The income statement can be prepared using various methods as variable costing and absorption… Q: hich of the following statements related to CVP chart is not true? To determine the variable cost… A: This option is not true :- E. The intercept between the total cost line on a graph and the y axis… Q: Which of the following statements is true? a. Both variable and fixed cost change with the change in… A: Variable cost- It is a cost which varies when the production level of the entity changes. There is a… Q: Which of the following statements is true? a. Both variable and fixed cost change with the change in… A: There are two types of cost. Cost can be classified as fixed cost and variable cost. One is fixed… Q: a. What problems are associated with using the average cost per unit as a performance measure? b.… A: Answer a: Problems of using the Average Cost per Unit as a performance measure involve: These… Q: a What problems are associated with using the average cost per unit as a performance measure? b.… A: SOLUTION- The Average Cost is the per unit cost of production obtained by dividing the total cost… Q: when total contribution margin equals total fixed cost this indicates operating income A: When the total contribution is equal to total fixed cost it indicates neither profit nor loss. This… Q: when total contribution margin equals total fixed cost this indicates operating income A: Contribution margin is the difference of sales revenue and variable costs. It shows sales revenue… Q: What is the Breakeven formula when a profit is included: Group of answer choices c. Fixed Costs –… A: Break-even point is the point at which there is no loss or no profit. It is because the sales… Q: Variable costs per unit do not change when activity or production increases. Select one: O a. TRUE O… A: Variable costs: Variable costs are those costs that change in proportion to change in the production… Q: :On the cost-volume-profit graph, the intersection between the total cost line and (Y) axis… A: The correct answer is The fixed cost amount. b Q: Required sales in pesos to meet a target net income is computed by dividing A. Fixed costs plus… A: The contribution margin ratio is the difference between a company's sales and variable costs,… Q: What is happening to average costs when marginal cost is greater than average cost at a specific… A: When marginal cost is greater than average cost (including average variable cost or average total… Q: All of the following represents a cost-volume- profit relationship except: a. Total contribution… A: Cost profit volume analysis relationship shows how the profit of a entity changes due to change in… Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. SEE MORE QUESTIONS Recommended textbooks for you Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Financial & Managerial Accounting ISBN:9781285866307 Author:Carl Warren, James M. Reeve, Jonathan Duchac Publisher:Cengage Learning Financial And Managerial Accounting ISBN:9781337902663 Author:WARREN, Carl S. Publisher:Cengage Learning, Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Principles of Accounting Volume 2 ISBN:9781947172609 Author:OpenStax Publisher:OpenStax College Financial & Managerial Accounting ISBN:9781285866307 Author:Carl Warren, James M. Reeve, Jonathan Duchac Publisher:Cengage Learning Financial And Managerial Accounting ISBN:9781337902663 Author:WARREN, Carl S. Publisher:Cengage Learning, Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub Survey of Accounting (Accounting I) ISBN:9781305961883 Author:Carl Warren Publisher:Cengage Learning When using variable costing system the contribution margin discloses the excess of?When using a variable costing system, the contribution margin discloses the excess of... Revenues over variable costs. 15. Which of the following statements is true for a firm that used variable costing?
When using a variable costing system the contribution margin cm discloses the excess of *?A . CM is the excess of total revenue over total variable costs, not over fixed costs.
Which of the following statements is correct using the direct costing concept?Under direct costing, variable manufacturing costs are included in the cost of goods manufactured. All other costs, including fixed costs, are considered period costs. Use of direct costing methods is for management use only and cannot be used in the preparation of financial statements. The correct answer is d.
What is direct costing?A direct cost is a price that can be directly tied to the production of specific goods or services. A direct cost can be traced to the cost object, which can be a service, product, or department. Direct and indirect costs are the two major types of expenses or costs that companies can incur.
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When using direct costing system the contribution margin discloses the excess of?
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