Answered: The increase/decrease in variable cost…

The increase/decrease in variable cost from existing level to the new level is called as __cost. a. Standard b. Marginal c. Fixed d. Opportunity

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter21: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1DQ: Describe how total variable costs and unit variable costs behave with changes in the level of...

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Concept explainers

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

The increase/decrease in variable cost from existing level to the new level is called as __cost.

a.
Standard

b.
Marginal

c.
Fixed

d.
Opportunity

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