Tag: accounting

key characteristics of variable costs,”-total variable costs change in direct proportion to changes in volume-the variable cost per unit of activity (v) remains constant and is the slope of the variable cost line-total variable cost graphs always begin at the origin (if volume is zero, total variable costs are zero)-total variable costs can be expressed as follows: y=vxwhere

Managerial Accounting

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key characteristics of fixed costs,”- total fixed costs stay constant over a wide range of volume-total fixed costs per unit of activity vary inversely with changes in volume:–fixed cost per unit of activity increases when volume decreases–fixed cost per unit of activity decreases when volume increases-total fixed cost graphs are always flat lines with no slop that intersect the y-axis at a level equal to total fixed costs-total fixed costs can be expressed as y=fwhere

Managerial Accounting

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