Problem: Journal Accounting
Reflect on a time where you had to rely on fixed and variable costs to predict total cost. What would you have done had you not had that information to use? Consider a time when you had to rely on fixed and variable costs to predict total costs. Reflect on the possible outcome had one of these two variables not been known. Explain what you might have done. Note: If you have not had to rely on fixed and variable costs to predict cost before, identify what you would do if placed in that situation.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.