怀尔德会计学原理第21版课后习题答案SMChap021.doc

答案家 免费找答案 ?2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. PAGE 1262 Fundamental Accounting Principles, 21st Edition PAGE 1215 ?2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part. Solutions Manual, Chapter 21 Chapter 21 Cost-Volume-Profit Analysis QUESTIONS 1. A variable cost is one that varies proportionately with the volume of activity. For example, direct materials and direct labor (when the workers are paid for completed units) are treated as variable costs with respect to the number of units produced. 2. Variable costs per unit stay the same (remain constant) when output volume changes. This is because each unit consumes the same amount of variable costs within the relevant range of activity. 3. Fixed costs per unit decrease when output volume increases. This is because the total amount of fixed costs remains the same while it is being divided among more units within the relevant range of activity. 4. Cost-volume-profit analysis is especially useful in the planning phase for a business. This phase involves predicting the volume of sales activity, the costs to be incurred, revenues to be received, and profits to be earned. It is also useful in what-if (sensitivity) analysis. 5. A step-wise cost remains constant over a limited range of output activity, outside of which it changes by a lump-sum amount, then remains constant over another limited range of output activity, and so on. A curvilinear cost gradually changes in a nonlinear manner in response to changes in sales volume. 6. Contribution margin ratio m