Purchase Solution

Fixed cost, variable cost& mixed cost

Not what you're looking for?

Ask Custom Question

As EEC's corporate business financial analyst, you will need to have a clear understanding of the different types of costs (variable, fixed, and mixed) that the company carries. Review EEC's journal activity. Define and identify its variable, fixed, and mixed costs.

Next, determine what affect a sales volume increase or decrease will have on unit fixed cost, unit variable cost, total fixed cost, and total variable cost.

1500-1750 words, excluding title page/reference

Attachments
Purchase this Solution
Solution Summary

The solution contains answers for two questions 1. classification of transactions in journal into fixed, variable and semi-variable cost and 2. impact of changes in sales volume on total variable cost,total fixed cost,variable cost per unit,fixed cost per unit

Purchase this Solution
Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Introduction to Finance

This quiz test introductory finance topics.

View More Free Quizzes
Related BrainMass Solutions

  • variable, fixed, mixed costs

    Fixed cost: Fixed cost is a cost that remains fixed and has no effect on the change in volume of quantity produced. Mixed cost: Mixed cost is a combination of variable and fixed cost.

  • Pesavento Company: Indicate which costs are variable, fixed or mixed

    Indirect labor Mixed cost Fixed cost Variable cost Supervisory salaries Fixed cost Mixed cost Variable cost Maintenance Mixed cost Variable cost Fixed cost Monthly production costs in Pesavento Company for two levels of production are as follows

  • Mixed Costs in a Service Business vs. a Manufacturing Business

    * What is wrong with just treating the mixed cost as being all variable or all fixed? If the mixed cost is treated as all variable or fixed, then it will give misleading picture about the behavior and the amount of cost.

  • Classify each cost as a Vriable cost, a Fixed cost, or a Mix

    Also indica with an X for each items if it is a product cost or a period cost. Variable, Fixed, or Mixed Cost? Product or Period Cost?

  • Costs for Riddle Co.

    variable rate for mixed cost=(17000-10000)/(10000-5000)=1.4 per unit the formula for fixed cost is as fixed cost=total mixed cost-variable cost=17000-1.4*10000=$3,000 so cost formula=fixed cost+variable rate*volume=3000+1.4*10000=$17,000.

  • techniques of separation of mixed cost

    The answer contains the detailed explanation of fixed cost,variable cost,mixed cost and the eight techniques of separation of mixed cost into variable and fixed .

  • Memo: Discussing Fixed, Variable and Mixed Costs

    A mixed cost is one which has a fixed component as well as a variable component.

  • The Salvage Company

    Y = The total mixed cost ? a = The total fixed cost ? b = The variable cost per unit ?

  • Estimation techniques - fixed costs

    Mixed cost According to the investopedia "Mixed cost is a cost that contains both variable and fixed cost elements.

  • High-low method-missing amounts

    July December Total variable costs component in mixed cost $7,000 $14,000 Total fixed costs component in mixed costs $3,000 $3,000 Cost formula for mixed costs = $1.40 X + $3,000 Total costs

View More Related Solutions