Quizlet
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| 1-1 of 1Variable cost flashcard sets | |||
|---|---|---|---|
| # | Title | Terms | Date |
| 1 | Chp 7: Variable Costing a Tool for Managementby AME101 | 4 terms | May 11, 2009 |
No groups found.
| variable cost definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a cost that rises or falls depending on how much is produced | 24 sets | |
| 2 | expenses that change with the number of products produced | 7 sets | |
| 3 | a cost that varies, in total, in direct proportion to changes in the level of activity | 5 sets | |
| 4 | a cost that changes when the business rate of operation or output changes. | 4 sets | |
| 5 | a cost that changes when the business rate of operation or output changes | 4 sets | |
| 6 | a cost that varies, in total, in direct proportion to changes in the level of activity. a variable cost is constant per unit. | 4 sets | |
| 7 | a cost that varies with the level of activity | 4 sets | |
| 8 | any production cost that changes as output changes | 3 sets | |
| 9 | any cost that changes as the firm changes its output | 3 sets | |
| 10 | expenses that change with the number of products produced, examples are wages and raw materials | 3 sets | |
| 11 | a cost that increases as output increases and decreases as output decreases. | 3 sets | |
| 12 | production cost that varies as output changes; labor, energy, raw materials | 2 sets | |
| 13 | sum of the expenses of the firm that vary directly with the quantity of a product that is produced and sold | 2 sets | |
| 14 | production cost that varies as output changes | 2 sets | |
| 15 | the sum of the expenses of the firm that vary directly with the quantity of a product that is produced and sold | 2 sets | |
| 16 | cost rises falls depending on how much is produced | 2 sets | |
| 17 | a cost that rises or falls depending on the quantity produced | 2 sets | |
| 18 | cost that varies with the quantity produced | 2 sets | |
| 19 | cost that rises or falls depending on how much is produced | 2 sets | |
| 20 | the cost of extra expenses. (transportation, labor) | 2 sets | |
| 21 | such as energy supply, transport expenses, labor costs, and other needs. | 2 sets | |
| 22 | the cost of production that are tied to and vary depending on the number of units produced | 2 sets | |
| 23 | costs that constantly change. | 1 set | |
| 24 | a cost that can change anytime | 1 set | |
| 25 | cost that changes over time | 1 set | |
| 26 | costs for needed necessities | 1 set | |
| 27 | a cost that depends on the level of production chosen | 1 set | |
| 28 | a | 1 set | |
| 29 | cost, or expense, that changes with the number of units of a good produced. | 1 set | |
| 30 | cost owners incur that change ie) employees | 1 set | |
| 31 | a cost that changes the # of units produced | 1 set | |
| 32 | a cost that rises and falls depending on how much is produced | 1 set | |
| 33 | to pay for things such as energy supply, transportation expenses, labor costs etc. | 1 set | |
| 34 | expenses that change in proportion to the activity of a business. | 1 set | |
| 35 | costs that include energy supply labor and other needs | 1 set | |
| 36 | cost that change as output changes. | 1 set | |
| 37 | a cost or expense that changes with the number of units of a good produced | 1 set | |
| 38 | cost that rises or falls depending on the quantity produced | 1 set | |
| 39 | expenses that change with the number of products produced; curve: starts low then raises | 1 set | |
| 40 | cost or expense that changes with the number of units of a good produced | 1 set | |