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2 years ago

TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.

Business

1 answer:

myrzilka [38]2 years ago

4 0

Answer:

1. fixed and indirect

2. variable and direct

3. variable and direct

4. fixed and indirect

5. fixed and indirect

6. variable and direct

Explanation:

<u>Fixed and variable costs</u>

A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.

Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.

<u>Direct and Indirect costs</u>

A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.

The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.

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jeka57 [31]

Answer:

Cost per Equivalent Unit = $663, 836/72,000 units = $9,220

Explanation:

We are asked to determine the cost per equivalent unit for conversion costs for the month of June

Step 1: we determine the quantity of units that were transferred to the next department

Quantity transferred = Opening Work in Progress + Units Started and in production - The Closing inventory of Work in Progress

= 14,000 units +76,000 units -20,000 units = 70, 000 units

Step 2: Calculate the number of Equivalent units in production

Equivalent Units in Production= Units transferred + The Closing Inventory of work in Progress

= 70,000 units + (20,000 units x 10%)

= 70,000 units + 2,000 units

=72,000 units

Step 3: We calculate the Cost per Equivalent Unit

= The Total Cost of Production / The Equivalent Units (determined in step 2)

Total Cost =Cost in beginning WIP Inventory + Additional Conversion cost

= $92,218 + $571,618= $663,836

Cost per Equivalent Unit = $663, 836/72,000 units = $9,220

8 0

2 years ago

An important application of _________ interest involves _________. Some common types of amortized loans are automobile loans, ho

Lelechka [254]

Answer:

Compound interest; amortized loans; amortization schedule; largest; decline; smallest; increases.

Explanation:

An important application of compound interest involves amortized loans. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an amortization schedule. Interest is largest in the first period and declines over the life of the loan, while the principal repayment is smallest in the first period and it increases thereafter.

Amortization in accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.

The compound interest formula is given below;

$A = P(1 + \frac{r}{n})^{nt}$

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

n is the number of times the interest is compounded in a year.

t is the number of years for the compound interest.

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2 years ago

Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car reg

Mnenie [13.5K]

Answer:

The Nominal Cost to register the car should be $53.

Explanation:

For the first year the data is given as

CPI=150

Nominal Price=$50

Real Income= Nominal Cost / Consumer Price Index

=50/150 = 0.33

Now for the second year as the real income is same as previous year thus

RI=0.33

CPI has increase to 159. Now the nominal cost is given as

Nominal Cost=Real Income * Consumer Price Index

Nominal Cost=0.33 * 159

Nominal Cost=$53

So the Nominal Cost to register the car should be $53.

4 0

2 years ago

As of December 31, 2018, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During

tatyana61 [14]

Given:

Total cash = $160,000

Notes payable = $86,000

Common stock = $52,800

Find:

Retained earnings as on December 31, 2018

Computation for retained earning:

According to Accounting Equation:

Assets = Liabilities + Stock holder equity

Total Cash = Notes payable + Common stock + Retained earning

$160,000 = $86,000 + $52,800 + Retained earning

$160,000 = $138,800 + Retained earning

Retained earning = $160,000 - $138,800

Retained earning = $21,200

6 0

2 years ago

Gaur sells Jensen equipment under an arrangement whereby Gaur delivers the equipment on January 1, 2021 and receives payment on

S_A_V [24]

Answer:

B. Credit to sales revenue

Explanation:

As per revenue recognition principle, revenue should be recognized when it is earned and not when cash is received.

As per accrual basis of accounting, revenue is to be recognized when the ownership of the goods has been passed by the seller to the buyer and there is reasonable assurance that payment would be received.

When a sale is effected and goods are delivered with reasonable certainty that payment would be received, following journal entry is recorded:

Accounts Receivable A/C Dr.

To Sales Revenue

(Being equipment sold recorded)

5 0

2 years ago