Which of the following is not true about the graph of a mixed cost?
a. It is possible to determine the amount of the fixed cost from the graph.
b. There is a total cost line on the graph.
c. The fixed cost portion of the graph is the same amount at all levels of activity.
d. The variable cost portion of the graph is rectangular in shape.
Answer: d. The variable cost portion of the graph is rectangular in shape.
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Simulation models
A) require a higher setup cost to start and operate compared to decision tree tools. B) require a lower setup cost to start and operate compared to decision tree tools. C) require a higher setup cost to start but less to operate compared to decision tree tools. D) require a lower setup cost to start but more to operate compared to decision tree tools.
The average inventory at Hamilton Industries, comprising raw materials, work-in-process, and finished goods, was found to be $17.2 million last year
If the cost of goods sold per week averaged $1.32 million, what was the inventory turnover experienced by Hamilton Industries? Assume the company had 50 working weeks per year. A) less than or equal to 3.50 B) greater than 3.50 but less than 3.75 C) greater than 3.75 but less than 4.00 D) greater than 4.00