Homework Answers
OPTION B is the correct answer as in option A , though it is a fixed percentage , sales revenue is not fixed
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- Which of the following is a fixed cost: A. Sales manager's incentive compensation, which is...
- Which of the following is a period cost: A. monthly salaries of production supervisors ($6.000)...
- Which of the following is a period cost: A. monthly salaries of production supervisors ($6.000) B. assembly workers' wages. ($15 per bour) C. marketing manager's bonus (a fixed percentage of sales) D. annual rent for the factory building (550,000) E both A and D are period costs
2. Which of the following types of compensation does not provide a deduction to the firm...
2. Which of the following types of compensation does not provide a deduction to the firm for tax purposes? Select one: a. Perks b. Qualified stock options c. Retirement plans d. Current bonus e. Performance shares 3. Parkside Inc. has three divisions (Entertainment, Plastics, and Video Card), each of which is considered an investment center for performance-evaluation purposes. The Entertainment Division manufactures video arcade equipment using products produced by the other two divisions, as follows: 1. The Entertainment Division purchases...
which of the following is most likely to be variable cost QUESTION 4 Which of the...
which of the following is most likely to be variable
cost
QUESTION 4 Which of the following is most likely to be a variable cost? O A. Rent for CEO's office OB. Depreciation on production equipment O C. Cost of merchandise O D. Factory supervisor's salary 2.5 p QUESTION 8 Gamma Company has a selling price of $3/unit, unit variable costs of $2/unit and total fixed costs of $1,000. Current sales revenue is $12,000. What is the margin of safety...
help me please ? thank you ? 7) Andrei Company provides an incentive compensation plan under...
help me please ? thank you ?
7) Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of P880,000 before bonus and income tax. If income before bonus and income tax for 2016 amounted to P2,200,000 and income tax rate is 30%, this amount of bonus would be A 220,000 C. 132,000 B. 200,000 D. 120,000
E21-29 Determining fixed cost per unit For each total fixed cost listed below, determine the fixed...
E21-29 Determining fixed cost per unit For each total fixed cost listed below, determine the fixed cost per unit when sales are 50, 100, and 200 units. 100 units $87.50 Store rent Manager's salary Equipment lease Depreciation on fixtures $5,000 3,000 500 250
Explanation not necessary Which of the following represents the components of the income statement for a...
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Explanation not necessary Which of the following represents the components of the income statement for a...
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Explanation not necessary Which of the following represents the components of the income statement for a service bu...
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Managers of Oriole Distributors are evaluating the compensation system for the company's sales personnel. Currently, the...
Managers of Oriole Distributors are evaluating the compensation system for the company's sales personnel. Currently, the two salespeople have a combined salary of $72,207 per year and earn a 3% sales commission. The company is considering two alternatives to the current compensation system. The first alternative is to reduce total salaries to $62,207 and increase the sales commission to 5% The second alternative is to eliminate the salaries and pay a 12% sales commission Sales projections under each of the...
5.For a firm that produces wooden tables, which of the following costs is a fixed cost in the short run? (x)the rent tha...
5.For a firm that produces wooden tables, which of the following costs is a fixed cost in the short run? (x)the rent that the firm pays for the space that is used to produce the wooden tables. (y)the cost of the wood that is used in the production of the wooden tables. (z)the monthly rent that the firm pays for equipment that is used to produce the wooden tables A.(x), (y) and (z)B. (x) and (y) only C.(x) and (z)...
- Which of the following is a period cost: A. monthly salaries of production supervisors ($6.000) B. assembly workers' wages. ($15 per bour) C. marketing manager's bonus (a fixed percentage of sales) D. annual rent for the factory building (550,000) E both A and D are period costs
which of the following is most likely to be variable
cost
QUESTION 4 Which of the following is most likely to be a variable cost? O A. Rent for CEO's office OB. Depreciation on production equipment O C. Cost of merchandise O D. Factory supervisor's salary 2.5 p QUESTION 8 Gamma Company has a selling price of $3/unit, unit variable costs of $2/unit and total fixed costs of $1,000. Current sales revenue is $12,000. What is the margin of safety...
help me please ? thank you ?
7) Andrei Company provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of P880,000 before bonus and income tax. If income before bonus and income tax for 2016 amounted to P2,200,000 and income tax rate is 30%, this amount of bonus would be A 220,000 C. 132,000 B. 200,000 D. 120,000
E21-29 Determining fixed cost per unit For each total fixed cost listed below, determine the fixed cost per unit when sales are 50, 100, and 200 units. 100 units $87.50 Store rent Manager's salary Equipment lease Depreciation on fixtures $5,000 3,000 500 250
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Explanation not necessary Which of the following represents the components of the income statement for a service business? A Service Revenue - Operating Expenses = operating income B. Sales Revenue - Cost of Goods Manufactured = gross profit C. Sales Revenue - Cost of Goods Sold = gross profit D. Service Revenue - Cost of Goods Purchased = gross profit Fixed costs are expenses that A vary in response to changes in activity level B. remain constant as activity changes...
Managers of Oriole Distributors are evaluating the compensation system for the company's sales personnel. Currently, the two salespeople have a combined salary of $72,207 per year and earn a 3% sales commission. The company is considering two alternatives to the current compensation system. The first alternative is to reduce total salaries to $62,207 and increase the sales commission to 5% The second alternative is to eliminate the salaries and pay a 12% sales commission Sales projections under each of the...
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