Describe how total variable costs and unit variable costs behave with changes in the level of activity.
Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.
In applying the high-low method of cost estimation to mixed costs, how is the total fixed cost estimated?
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hilippines is called an archipelago because it’s made up of 7,107 islands. The islands are located off Southeast Asia, between the south, China Sea on the west and the Philippines Sea on the east. The major island of the Philippines is called Luzon and it’s the northern most island, the second most populous island is called Visayan Islands located in the middle, and third most populous island is called Mindanao located in the South. The total area of the Philippines is about 300,000 square kilometers, including 298,000 square km of land and 2,000 square km of water. The Philippines stretches about 1,850 km from Yami Island in the north to the Sibutu Island. The Philippines has no land boundaries. B. Climate The climate of the Philippines is ether tropical rain forest, tropical savanna, tropical monsoon, or humid subtropical which is characterized by relatively high temp, oppressive humidity and plenty of rainfall. There are two seasons in the country, the wet season and the dry season, based upon the amount of rainfall. There are seven warmest months of the year which are from March to October. The winter monsoon brings cold air from November to February. March is the hottest temperature and January being the coolest. C. Topography The landscape of the Philippines varies from island to island. The volcanic masses formed the cores of most of the larger islands. The range culminates in Mt. Pulog (elevation 2,928 m/ 9,692ft) in Mindanao. Many of Volcanoes are always active and the islands have been subject to destructive earthquakes. IV. Social institutions A. Family Family is considered the foundation for the social life for Filipinos. The nuclear family is the core, however the bonds are tight knit among the extended family members. Close family relationships go beyond genetic relationships, there are close relationships among distant relatives, close neighbors and friends. The dynamics of the family represents matricidal society. In general, the head of the household is the eldest female, which is most often the grandmother. Income is combined together, and then the matriarch of the family does the family finances>GET ANSWER