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2 years ago

For each of the following costs, identify the cost behavior as variable, mixed, or fixed:

Business

1 answer:

finlep [7]2 years ago

7 0

Answer:

1. Wages of assembly line workers _____Variable ____________

2. President's salary ______Fixed___________

3. Plant utilities _______Mixed__________

4. Sales force commissions _____Variable____________

5. Shipping costs ______Variable___________

6. Factory rent ________Fixed_________

7. Research and development expenses _____* Fixed____________

8. Property taxes _______Fixed__________

9. Advertising _______Fixed__________

10. Supplies used in production _____Variable____________

* If you consider output as number of units sold the R&D is a fixed cost.

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Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prio

Romashka [77]

Answer: Manufacturing overhead for the month was underapplied by $19,000.

Explanation:

From the question, we are informed that before the closing of the overapplied or underapplied balance to cost of goods sold, the total of the debits to the manufacturing overhead account was $75,000 and the total of the credits to the account was $56,000.

This implies that the manufacturing overhead for the month was underapplied by ($75000 - $56000)= $19000. The manufacturing overhead debit balance shows that manufacturing overhead was simply underapplied in this case.

6 0

2 years ago

A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter on

Vlada [557]

Answer:

Profit

Explanation:

The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.

In the question, the amount consumed or spent to make the product = $3,000

The amount for which the product was sold = $ 4,000

The profit = 4,000 - 3,000 = $1,000.

7 0

2 years ago

Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the ban

lapo4ka [179]

Answer:

The required reserves increases by $6.250

Explanation:

Step 1. Given information.

Stella deposits $25.000

Required reserve 25%

Step 2. Formulas needed to solve the exercise.

Required reserves = deposits * reserve ratio

Excess reserves = deposits - required reserves

Step 3. Calculation.

Required reserves = 25.000 * 0.25 = $6.250

Excess reserves = 25.000 - 6.250 = $18.750

Step 4. Solution.

The required reserves are $6.250 and the excess reserves is $18.750

5 0

1 year ago

Which of the following statements is true of organizational commitment? There is very little overlap with job satisfaction. Orga

MrRissso [65]

Answer:

Organizational commitment is a strong predictor of performance.

Explanation:

What is true of organizational commitment is that Organizational commitment is a strong predictor of performance.

Organisational commitment demonstrates the bond that employees experience with their organisation.

Broadly speaking, employees who are committed to their organisation generally feel a connection with their organisation, feel that they fit in and, feel they understand the goals of the organisation.

It is obvious that organizational commitment is a product of motivation as only motivated employees demonstrate organizational commitment

7 0

2 years ago

Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large co

aleksandrvk [35]

Answer:

a) p(small) = 0.126

p(large) = 0.246

b) p(small) = 0.6613

p(large) = 0.3387

c) 37.2%

Explanation:

A) determine that the company picked is a large company or small company

condition : the company provides training to its employees

Given data:

p( small ) = 0.7, p( large ) = 0.3, p( training ∩ small ) = 0.18, p( training ∩ large ) = 0.82 , p( No-training ∩ small ) = 0.82 , p( no-training ∩ large ) = 0.18

A) hence the probability of picking a small company that provides training

P( small | training ) = P(Training ∩ Small)* P(Small) = 0.18 * 0.7 = 0.126

Probability of picking a large company that provides training

P( large | training ) = P(training ∩ Large) *P(Large) = 0.82 * 0.3 = 0.246

B) Determine the revised probabilities that company picked is large or small

Revised probability for a large company; P( large | training )

P(Large | training) = P(Large ∩ training) / P(training)

= 0.246 / ( 0.126 + 0.246 ) = 0.6613

P( small | training ) = P( small ∩ training ) / P(training )

= 0.126 / ( 0.126 + 0.246 ) = 0.3387

C) Overall percentage of companies that offer training

p( training ) = 0.126 + 0.246 = 0.372 = 37.2%

3 0

1 year ago