A Cost Is $34,500 at an Activity Level of 23,000

question 50

Multiple Choice

A cost is $34,500 at an activity level of 23,000 units, and $42,000 at an activity level of 28,000 units.What type of cost is this?

• A)Fixed costs
• B)Variable costs
• C)Mixed costs
• D)Sunk costs

Comprehend the processes involved in developing a job evaluation system, including defining, weighting, and scaling compensable factors.

Understand how to modify and manage table data and structure in Excel.

Identify and apply different Excel functions and formulas for data management.

Apply filtering and sorting options to analyze table data efficiently.

---

Definitions:

Forecasting Risk

The potential for loss or error in a business's financial or operational forecasts, affecting its planning and decision-making ability.

Sensitivity Analysis

A financial model used to estimate how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Scenario Analysis

Scenario analysis is a process of analyzing possible future events by considering alternative possible outcomes (scenarios), thereby assessing the impact of various factors on decision outcomes.

Simulation Analysis

A method used in risk management that uses statistical models to predict the outcome of a decision under conditions of uncertainty.