total fixed costs on a super-variable costing income statement will be blank than total fixed costs on a traditional variable costing income statement. multiple choice question. the same as higher than lower than

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sunnyfunny7295 sunnyfunny7295

24-10-2022
Business

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total fixed costs on a super-variable costing income statement will be blank than total fixed costs on a traditional variable costing income statement. multiple choice question. the same as higher than lower than

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SanofarAfrin SanofarAfrin · Answer 1 · 2022-11-01T02:41:53-04:00

The right answer is an option (b). Total fixed costs on an income statement using super-variable costing will be higher than total fixed costs on an income statement using regular variable costing.

Give an example of the difference between fixed and variable costs.

Over a predetermined time period, fixed costs are constant. Depending on how well the business is doing, variable costs may go up or down. Rent, taxes, and insurance are a few examples of fixed costs. Credit card fees, direct labor, and commission are a few examples of variable costs.

On an income statement, how are fixed and variable costs determined?

Add up all of your production costs first. Be certain to understand which costs are fixed and which are changeable. Add up your variable costs and divide by the quantity of units you generated to get your total cost of production. You will then be given your overall fixed cost.

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