Homework Answers
A strength of a shift in cost from variable to fixed expenses may
When you have a predetermined expense each month with no variation which may make palnning easier.
Fixed Cost are those which occur irrrespective of the quantity produced. If a cost is going to occur with no variation then it must shifted to fixed cost . This will assist in calculatiing more accurate predertermine overheads
Add Answer to:
A strength of a shift in costs from a variable cost to a fixed cost may...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling...
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin Fixed expenses: Fixed selling Fixed...
I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x 1 Cost...
I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x 1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 161 Lamp Kit Labor Variable Overhead 2 5% $16.64 $2.10 $2.10 {4.01) {4.02} {4.03) 2 5% Projected Variable Manufacturing Cost Per Unit $20.84 {4.04} Total Variable Cost Per Unit 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3 4% 3.12 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 2...
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...
17 A firm has fixed costs of $60 and variable costs as indicated in the table...
17 A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 decimal places Boints Answer is not complete. Total Product Total Flaved Cost $60 Total Cost Total Variable Cost $0 Average Fixed Cost Average Variable Cost Marginal Average Total Cost Cost 45 45.00 4000 60 120 60 105 145 180 2100 245 285 330 ololololo 6000 30.00 20.00 15.00...
The Biloxi Company has the following cost structure: fixed costs of $70,000 per month and variable...
The Biloxi Company has the following cost structure: fixed costs of $70,000 per month and variable costs of $50 per unit. The Birmingham Company has the following cost structure: fixed costs of $60,000 per month and variable costs of $60 per unit. Both companies make the same product, which sells for $100 per unit. There is a sales level at which these two companies earn the same profits. What is that sales level? Which company is more profitable as sales...
7. Cash flows from operations: What are variable costs and fixed costs? Variable costs are costs...
7. Cash flows from operations: What are variable costs and fixed costs? Variable costs are costs that vary directly with the number of units sold. Fixed costs are costs that do not vary directly with the number of units sold. What are some examples of each? Variable costs: Labor, materials, shipping costs and sales and marketing. -Fixed costs: Administrative costs, warehouse space, salaries. How are these costs estimated in forecasting operating expenses? 8. Cash flows from operations: When forecasting operating...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost (Fixed) Artist - contract Product Fixed $10,000 Artist - design fee Product Fixed $3,600 Computer/Printer 90% Product Fixed $5,400 Computer/Printer 10% Period Fixed $600 Depreciation - Computer/Printer 90% Product Fixed $1,800 Depreciation - Computer/Printer 10% Period Fixed $200 Depreciation - Heat Press Machine Product Fixed $1,500 Heat Press Machine Product Fixed $4,500 Liability Insurance Period Fixed $3,600 Mall Rent (Manufacutring) 90% Product Fixed $27,000...
1) At the break even point of 400 units, variable cost were $400 and fixed costs...
1) At the break even point of 400 units, variable cost were $400 and fixed costs were $200. how much will the 401st unit sold contribute to operating profit before income taxes? 2) Break even would not change if : a) sales price increases, b) fixed cost decrease, c) sales volume decrease, d) variable cost per unit increase 3) what is break even point in dollars? sales price: $100, variable cost per unit: $40, total fixed cost :$ 120,000 4)...
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total...
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $ 81,000 60,000 $ 141,000 $ 101,250 60,000 $ 161,250 $ 135.00 150.00 $ 285.00 $ 135.00 $ 135.00 100.00 80.00 $ 235.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's...
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of...
The Greenback Store’s cost structure is dominated by variable costs with a contribution margin ratio of 0.30 and fixed costs of $55,200. Every dollar of sales contributes 30 cents toward fixed costs and profit. The cost structure of a competitor, One-Mart, is dominated by fixed costs with a higher contribution margin ratio of 0.80 and fixed costs of $285,200. Every dollar of sales contributes 80 cents toward fixed costs and profit. Both companies have sales of $460,000 for the month....
$12,000 Sales Variable costs: Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $6,000 $600 $400 $2,500 $1,500 Enter a formula into each of the cells marked with a ? below Exhibit 2-9 Traditional Format Income Statement Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling Administrative Net operating income Contribution Format Income Statement Sales Variable expenses: Cost of goods sold Variable selling Variable administration Contribution margin Fixed expenses: Fixed selling Fixed...
I See The Light, Inc Schedule of Projected Costs Variable Manufacturing Unit Cost 20x 1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 161 Lamp Kit Labor Variable Overhead 2 5% $16.64 $2.10 $2.10 {4.01) {4.02} {4.03) 2 5% Projected Variable Manufacturing Cost Per Unit $20.84 {4.04} Total Variable Cost Per Unit 20x1 Cost Projected Percent Increase 20x2 Cost Rounded to 2 Decimal Places 3 4% 3.12 Variable Selling Variable Administrative Projected Variable Manufacturing Unit Cost 2...
17 A firm has fixed costs of $60 and variable costs as indicated in the table below. Complete the table. Instructions: Round your answers so that you enter no more than 2 decimal places Boints Answer is not complete. Total Product Total Flaved Cost $60 Total Cost Total Variable Cost $0 Average Fixed Cost Average Variable Cost Marginal Average Total Cost Cost 45 45.00 4000 60 120 60 105 145 180 2100 245 285 330 ololololo 6000 30.00 20.00 15.00...
7. Cash flows from operations: What are variable costs and fixed costs? Variable costs are costs that vary directly with the number of units sold. Fixed costs are costs that do not vary directly with the number of units sold. What are some examples of each? Variable costs: Labor, materials, shipping costs and sales and marketing. -Fixed costs: Administrative costs, warehouse space, salaries. How are these costs estimated in forecasting operating expenses? 8. Cash flows from operations: When forecasting operating...
400 600 750 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 54,000 60,000 $114,000 $ 81,000 60,000 $ 141,000 $ 101,250 60,000 $ 161,250 $ 135.00 150.00 $ 285.00 $ 135.00 $ 135.00 100.00 80.00 $ 235.00 $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's...
Most questions answered within 3 hours.
-
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 6 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 5 minutes ago -
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 5 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 5 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 10 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 18 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 24 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 39 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 42 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 49 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 50 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 55 minutes ago