Tag Archives for " fixed cost "

Relevant range and cost behavior analysis

What is relevant range? Relevant range is one of those REALLY important concepts in managerial accounting. It’s pretty major but it does not get the attention it deserves. Most professors and authors

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Mixed Cost and The High-Low Method

In the previous post about mixed cost, we stated that a mixed cost is just the sum of the variable and fixed components. This is fairly easy to deal with when we are dealing with an external cost where

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Mixed Cost

As the name suggests, a mixed cost is made up of a mix of variable cost and fixed cost. A cost must have both components to be considered a mixed cost. There are many mixed costs around us. If you look

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Fixed Cost

Fixed costs can be a tricky business. They might seem simple but if you think too much, you might get tripped up. Just like with variable cost, fixed costs are named because of how the cost behaves in

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Cost Behavior: Introduction to Fixed and Variable Costs

The idea of cost behavior is one of the most important concepts in managerial accounting. Determining how a cost will behave is critical to planning, decision making and controlling. Two types of costs

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