The Parker Cellular Company is charged a total cost that changes in proportion to the number of minutes used.The number of minutes used is the only factor that causes a change in total cost.How would the managerial accountant classify total costs of phone charges?
A) Fixed.
B) Mixed.
C) Variable.
D) Fixed cost in the relevant range.
E) Mixed cost in the relevant range.
Correct Answer:
Verified
Q7: The cost function y = $10,000:
A)represents a
Q8: In a/an _,the graph of total costs
Q9: In a step variable-cost function,the cost remains
Q10: A/an _ is a function that measures
Q11: The cost function y = $3,000 +
Q13: The horizontal axis is called the _.
A)a-axis
B)b-axis
C)x-axis
D)y-axis
E)z-axis
Q14: A mathematical description of how a cost
Q15: Cost behavior is not approximated by a
Q16: The accounting manager at the Peanut Factory
Q17: Direct material costs are not always linear
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents