custom writing services

Need help: Write an email to our support staff support@myprivatementor.com or


whatsapp us

order order
Average score 4.97 out of 5 based on 836 opinions

Accounting response 2 to classmate number 2

 

Hi I need help writing a reply to a classmate response in accounting class. it is due TODAY NOV 18, BY 10PM EASTERN TIME no less than 200 words with references and citations please. Plagarism free work please this will be sent through turnitin. Thank you

 

VARIABLE COSTS

 

Many companies rely on variable costing. Variable cost pricing is commonly used when someone wants to enter a new market with an existing product line. The prices are based on variable costs and are very responsive when controlling operations in any level of management due to level of change during production (Fess, 1986).

 

     In accounting, variable costs are costs that vary with production volume or business activity. They go high when a production company increases; output and decrease when the company slows production. Variable costs can also be referred to as unit-level costs. Variable costs differ from fixed costs in the sense that, it can remain relatively constant regardless of the company’s level of production or business activity. A combined company’s fixed costs and variable costs can also be known as total cost of production.

 

      All costs can either be fixed costs or variable costs. Variable costs are product because they are allocated to units of production and recorded in inventory accounts, such as cost of goods sold. Even though managing inventory tends to focus only on the variable cost of inventory, it is essential that financial reporting must include both the variable cost and the fixed cost of inventory. Fixed costs are all costs that are not product related. Costs that do not fluctuate directly with production volume are fixed costs. Examples of fixed costs are various indirect costs and fixed manufacturing overhead costs while examples of variable costs are direct labor, direct materials, and variable overhead (Wilkinson, 2013)

 

    Variable costs increases as level of sales in dollars or units is sold depending on your type of business, some examples include; cost of goods sold, sales commissions, shipping charges, delivery charges, costs of direct materials or supplies, wages of part-time or temporary employees, and sales or production bonuses. Variable costs change with the number of products that are put up for sale. Therefore, entrepreneurs learn how to make profit and be successful when they are able to identify and control their cost. It is important to understand cost well enough to be able to differentiate between variable and fixed costs (Barrat et. al. 2013)

 

REFERENCES

 

Fess, Philip E. The Variable (Direct) Costing Concept in Perspective. Management Accounting (pre-1986); Apr 1969; 50, 8; Accounting & Tax

 

pg. 21.  Retrieved from http://search.proquest.com.proxy.davenport.edu/accounting/docview/198630890/141BF29A5F37DC3C75/3?accountid=40195

 

 

 

Wilkinson, Jim. 2013. WikiCFO. Variable Costs. Retrieved from http://strategiccfo.com/wikicfo/variable-cost/

 

 

 

Barratt et. al. 2013. How to calculate Variable Costs. Retrieved from http://strategiccfo.com/wikicfo/variable-cost/

 

NEED TO MAKE AN ORDER? HERE IS HOW IT WORKS

order-process

Need an answer from similar question?Click here and get a solution now

order You have just landed to the most confidential, trustful essay writing service to order the paper from. We have a dedicated team of professional writers who will assist you with any kind of assignment that you have. Your work is handled confidentially with a specific writer who ensures you are satisfied. Be assured of quality, unique and price friendly task delivered in good time when you place an order at our website. banner We have a team of dedicated writers with degrees from all spheres of study. We readily accept all types of essays and we assure you of content that will meet your expectations. Our staff can be reached  via live chat, email or by phone at any given time with prompt response.  

Prices starting at:

High school
Undergrad.(yrs 1-2)
Undergrad.(yrs 3-4)
Master’s
Doctoral
$10 / page
$10/ page
$12/ page
$15 / page
$17/ page

Note: The prices in the table above are applicable to orders completed within 14 days. Kindly see the full price table for more prices..

We urge you to provide as much information as possible to avoid many revisions. Set your deadline, choose your level, give payment information and relax while you track your work. We will deliver your paper on time. Are you in a quagmire and you are unable to complete your assignments? Do you doubt yourself on the quality of the essay you have written? Myprivatementor.com  is here to assist you. We will offer you unmatched quality that is plagiarism free. Place an order at myprivatementor.com  for guaranteed  high grades. order download

we offer gifts to our paper help customersPayment Methods

you can request our services and pay via paypal

we offer gifts to our paper help customersOur Guarantees

  1. Zero plagiarism.
  2. 100% confidentiality.
  3. FREE Reference page
  4. High Quality papers
  5. 24/7 Customer support

Our Testimonials Testimonials

I ordered a 7 page college essay and was delivered on time. Thank you guys I will definitely order again!

9.5
, FL

Our statisticsOur Statistics

  • Orders Completed todate 72387

  • Number of writers 500

  • Satisfied customers 99.7%

  • Returning customers 92.3%

  • Orders placed today 87