Question

Mixed costs are also referred to as semivariable costs. True False

Mixed costs are also referred to as semivariable costs.

True

False

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A semi-variable cost, also known as a semi-fixed cost or a mixed cost, is a cost composed of a mixture of both fixed and variable components. Costsare fixed for a set level of production or consumption, and become variable after this production level is exceeded.

A mixed cost is expressed by the algebraic formula y = a + bx, where: y is the total cost. a is the fixed cost per period. b is the variable rate per unit of activity.

Hence , True is the right answer .

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A merchandiser’s operating cycle is also referred to as the Cash-to-Cash cycle. True or false.
A merchandiser’s operating cycle is also referred to as the Cash-to-Cash cycle. True or false.
Mixed cost behavior pattern is unrelated to unit activity level. True False The Enterprise Resource Planning...
Mixed cost behavior pattern is unrelated to unit activity level. True False The Enterprise Resource Planning (ERP) systems integrate traditional accounting information with nonfinancial information; they also provide a comprehensive view of the organization; further, these systems evolved to address the short-comings of the traditional accounting systems. True False Managers should look to find a "cause-and-effect" relationship between overhead costs and related cost driver. True False A framework for decision making include: (1) Defining the Problem (2) Identifying Objectives (3)...
Sunk costs are past costs. True False
Sunk costs are past costs. True False
Which of the following are true or false for solutions and mixtures. True False  A solution can...
Which of the following are true or false for solutions and mixtures. True False  A solution can have substances that were in different phases of matter before they were mixed to form the solution. True False  A solution cannot have substances that were in different phases of matter before they were mixed to form the solution. True False  The substance that gets dissolved in a solution is a solute. True False  Homogeneous mixtures cannot be separated. True False  Mixtures can be heterogeneous or homogeneous. ANSWER...
Mutually exclusive events also independent. True or False?
Mutually exclusive events also independent. True or False?
In a manufacturing company, all costs are period costs. IS IT TRUE OR FALSE
In a manufacturing company, all costs are period costs. IS IT TRUE OR FALSE
Fixed costs are always relevant costs in decisions. TRUE OR FALSE
Fixed costs are always relevant costs in decisions. TRUE OR FALSE
Deferred expenses are also called prepaid expenses. True False
Deferred expenses are also called prepaid expenses. True False
True or False: 1) Direct labor costs are usually included in the costs that are allocated...
True or False: 1) Direct labor costs are usually included in the costs that are allocated to activity cost pools in an activity-based costing system. True or False: 2) In activity-based costing, a product margin may exclude costs from some of the company's activity cost pools.
Differential costs can be qualitative or quantitative. TRUE OR FALSE
Differential costs can be qualitative or quantitative. TRUE OR FALSE
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT