Homework Answers
Cost of advertising is an example of Discretionery Fixed Cost because the level of spending is upto the management . Further the spending can be change from one budget period to another budget period.
Correct answer is option 1.
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Cost of advertising is an example of a discretionary fixed cost O semi-variable cost committed fixed...
please provide formulas and answers Discretionary and Committed Fixed Costs Identify and compute total discretionary fixed...
please provide formulas and answers
Discretionary and Committed Fixed Costs Identify and compute total discretionary fixed costs and total committed fixed costs from the following list prepared by the accounting supervisor for Kitts Building Supply 521,200 Advertising Depreciation Health insurance for the company's employees Management salaries Payment on long-term debi Property tax Grounds maintenance Office remodeling Research and development 49,700 24.000 91.000 39,500 31.750 7.800 23,500 47,300 2. Accan Annie
The cost of purchase of plant and equipment is an example of a(n): a. unavoidable variable...
The cost of purchase of plant and equipment is an example of a(n): a. unavoidable variable cost. O b. committed fixed cost. c. discretionary variable cost. d. discretionary fixed cost. The purpose of creating a cost formula is to provide: Oa. a quantitative estimate of only the total fixed costs of the cost drivers. Ob. a qualitative estimate of only the variable cost per unit of the cost drivers. Oc. a quantitative estimate of both total fixed costs and the...
Problem 1: Cost behaviour: Committed and discretionary costs: high-low method Delta Mining Limited (DML), have mines ore in Australia's north-west, uses a calendar year for financial reporting pu...
Problem 1: Cost behaviour: Committed and discretionary costs: high-low method Delta Mining Limited (DML), have mines ore in Australia's north-west, uses a calendar year for financial reporting purposes. The following selected costs were incurred in December, the low point of activity, when 1 400 tonnes of ore were extracted Straight-line depreciation Charitable contributions Mining labour (including on costs) Royalties Trucking and haulage incurred only in December S 30 000 12 000 315 000 140 000 240 000 Peak activity of...
QUESTION 15 Advertising Costs are an example of: O 1. Fixed Manufacturing Cost O 2. Prime...
QUESTION 15 Advertising Costs are an example of: O 1. Fixed Manufacturing Cost O 2. Prime Cost O 3. Variable Product Cost O 4. Fixed Selling Cost QUESTION 5 Wood used in the manufacture of furniture is an example of O 1. Variable and direct cost O 2. Fixed and direct Cost O 3. Variable and indirect cost O 4. Fixed and indirect cost QUESTION3 The following costs are budgeted for Ghana Corporation for next year: Total variable co Total...
Fixed, Variable, & Semi Variable Cost Fixed, variable and semi-variable costs are basic fiscal management terms. For...
Fixed, Variable, & Semi Variable Cost Fixed, variable and semi-variable costs are basic fiscal management terms. For each, define/describe Recommended 300 to 400 words Minimum of 2 academic and/or professional references required. If using web resources, ONLY USE SUBSTANTIATED PROFESSIONAL, STATE or FEDERAL WEBSITES.
4. If labeled as variable (or semi-variable) costs, identify the cost driver: ITEMS TYPE OF COST...
4. If labeled as variable (or semi-variable) costs, identify the cost driver: ITEMS TYPE OF COST Product Cost Product cost involves a number of cost that include both fixed and variable costs. For example Rent, Normal Profit, Depreciation etc. example of Fixed Cost and Veritable Costs are depend on Output. So we can say that it is a Semi-variable Cost. Carrying Cost It means cost incurred to carry the goods in your godown for storage. It is also known as...
Which of the following would be considered a discretionary fixed cost?
Which of the following would be considered a discretionary fixed cost?Multiple ChoiceInternships for students.Depreciation on equipment.Advertising costsBoth a and c.
3. Label each of these costs as variable, fixed, or semi-variable. Please explain your choice. 4....
3. Label each of these costs as variable, fixed, or semi-variable. Please explain your choice. 4. If labeled as variable (or semi-variable) costs, identify the driver. Cost items for a sports drink company: Product cost Carrying cost Flavor cost Vitamins cost Electrolytes cost Sale & marketing cost Price discount Brand equity an advertising Salaries Benefits & programs
Question 1 Which of the following are action traits of expenses? O variable fixed O semi-variable O all of the abo...
Question 1 Which of the following are action traits of expenses? O variable fixed O semi-variable O all of the above Question 2 Which of the following describes a variable expense? O The expense acts in a direct relationship with sales volume. If the quantity sold goes up by one unit, the expense also goes up by one unit of expe O O Sales volume and the expense have a linear relationship. All of the above
Question 1 Which of...
Question 2 3 pts The cost of entering into a contract with a software company to...
Question 2 3 pts The cost of entering into a contract with a software company to provide services for $10,000 a year for five years is considered a Discretionary Fixed Cost O Variable Cost O Fixed Cost Committed Fixed Cost
please provide formulas and answers
Discretionary and Committed Fixed Costs Identify and compute total discretionary fixed costs and total committed fixed costs from the following list prepared by the accounting supervisor for Kitts Building Supply 521,200 Advertising Depreciation Health insurance for the company's employees Management salaries Payment on long-term debi Property tax Grounds maintenance Office remodeling Research and development 49,700 24.000 91.000 39,500 31.750 7.800 23,500 47,300 2. Accan Annie
The cost of purchase of plant and equipment is an example of a(n): a. unavoidable variable cost. O b. committed fixed cost. c. discretionary variable cost. d. discretionary fixed cost. The purpose of creating a cost formula is to provide: Oa. a quantitative estimate of only the total fixed costs of the cost drivers. Ob. a qualitative estimate of only the variable cost per unit of the cost drivers. Oc. a quantitative estimate of both total fixed costs and the...
Problem 1: Cost behaviour: Committed and discretionary costs: high-low method Delta Mining Limited (DML), have mines ore in Australia's north-west, uses a calendar year for financial reporting purposes. The following selected costs were incurred in December, the low point of activity, when 1 400 tonnes of ore were extracted Straight-line depreciation Charitable contributions Mining labour (including on costs) Royalties Trucking and haulage incurred only in December S 30 000 12 000 315 000 140 000 240 000 Peak activity of...
QUESTION 15 Advertising Costs are an example of: O 1. Fixed Manufacturing Cost O 2. Prime Cost O 3. Variable Product Cost O 4. Fixed Selling Cost QUESTION 5 Wood used in the manufacture of furniture is an example of O 1. Variable and direct cost O 2. Fixed and direct Cost O 3. Variable and indirect cost O 4. Fixed and indirect cost QUESTION3 The following costs are budgeted for Ghana Corporation for next year: Total variable co Total...
Question 1 Which of the following are action traits of expenses? O variable fixed O semi-variable O all of the above Question 2 Which of the following describes a variable expense? O The expense acts in a direct relationship with sales volume. If the quantity sold goes up by one unit, the expense also goes up by one unit of expe O O Sales volume and the expense have a linear relationship. All of the above
Question 1 Which of...
Question 2 3 pts The cost of entering into a contract with a software company to provide services for $10,000 a year for five years is considered a Discretionary Fixed Cost O Variable Cost O Fixed Cost Committed Fixed Cost
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