In a step variable-cost function, the cost remains the same over various ranges of the level of activity in each relevant range
Indicate whether the statement is true or false
FALSE
Explanation: In a step variable-cost function, the cost remains the same over narrow ranges of the level of activity in each relevant range.
You might also like to view...
Dublin Co. holds a 30% stake in Club Co. which was purchased in 2013 at a cost of $3,000,000. After applying the equity method, the Investment in Club Co. account has a balance of $3,040,000. At December 31, 2013 the fair value of the investment is $3,120,000. Which of the following values is acceptable for Dublin to use in its balance sheet at December 31, 2013?
I. $3,000,000 II. $3,040,000 III. $3,120,000 a. I, II, or III. b. I or II only. c. II only. d. II or III only.
A PERT/CPM activity has an optimistic time estimate of 4 days, a most likely time estimate of 6 days, and a pessimistic time estimate of 10 days. The expected time (in days) of this activity is:
A) 6.0. B) 6.33. C) 7.0. D) 7.5.