Stepped Costs – Knowsia

MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

Question

Which of the following statements correctly defines stepped costs?
A. Costs which occur at certain times or seasons during the year
B. Costs which increase with each succeeding month
C. Costs which are semi-fixed or semi-variable
D. Costs which remain fixed over a given range of activity but jump to a higher level once the activity increases beyond the range
E. Costs which are incurred at various levels of a company’s hierarchy

Answer

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Tags: Fixed Costs, Stepped Costs
Level: Level 1

Topic: Cost Classifications
Series: MAY 2018

MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

Question

A company pays a manager a salary of N40,000 monthly when production is below 320 hours. When the production is between 320-640 hours, two managers would be required. This type of cost is called:

A. Fixed cost
B. Variable cost
C. Stepped variable cost
D. Stepped fixed cost
E. Semi-variable cost

Answer

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Tags: Cost Analysis, Fixed Cost, Semi-Variable Costs, Stepped Costs, Variable Cost
Level: Level 1

Topic: Cost Classifications
Series: MAY 2016

MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fixed Costs, Stepped Costs
Level: Level 1

Topic: Cost Classifications
Series: MAY 2018

MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

Question

A company pays a manager a salary of N40,000 monthly when production is below 320 hours. When the production is between 320-640 hours, two managers would be required. This type of cost is called:

A. Fixed cost
B. Variable cost
C. Stepped variable cost
D. Stepped fixed cost
E. Semi-variable cost

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Analysis, Fixed Cost, Semi-Variable Costs, Stepped Costs, Variable Cost
Level: Level 1

Topic: Cost Classifications
Series: MAY 2016

Question Tag: Stepped Costs

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MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

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MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

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MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

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MI – May 2018 – L1 – SA – Q5 – Cost Classifications

Definition of stepped costs.

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MI – May 2016 – L1 – SA – Q1 – Cost Classifications

Identifying cost behavior type when production hours vary and managerial requirements change.

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