Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Discretionary fixed costs often involve a long-term contract

Discretionary fixed costs often involve a long-term contract

Discretionary fixed costs often involve a long-term contract.

 

 

12.As output increases, variable cost per unit will also increase.

 

 

13.A variable cost increases in total and per-unit when output increases.

 

 

14.Mixed costs have both a fixed and a variable component.

 

 

15.Total variable costs = variable rate ? amount of output.

 

 

16.The high-low method is the most accurate method to separate the cost behaviour of a mixed cost.

 

 

17.The slope of a mixed cost line is equal to the fixed element of the cost.

 

 

18.Using the high-low method, the calculation of the cost line uses the highest and lowest cost periods.

 

 

19.Calculation of the cost line using the high-low method tests the lowest cost period to see if it is an outlier.

 

 

20.“Outliers” are points that do NOT seem to fit the general pattern of behaviour.

Mar 13 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions