Fixed costs include: a. variable labor expenses. b. output-related energy costs. c. output-related raw material costs....
Fixed costs include:
|
a. |
variable labor expenses. |
|
b. |
output-related energy costs. |
|
c. |
output-related raw material costs. |
|
d. |
interest cost for a predetermined amount of borrowed capital. |
Homework Answers
D is right option, interest cost for a predetermined amount of borrowed capital.
Fixed costs are those costs that does not depend on the firms'
level of output.
These costs are those cost which incurred even if the firm is
producing nothing.
There are no fixed costs in the long run period
Add Answer to:
Fixed costs include:
a.
variable labor expenses.
b.
output-related energy costs.
c.
output-related raw material costs....
1. Explicit costs include: a. variable costs. b. fixed costs. c. out-of-pocket costs. d. All of...
1. Explicit costs include: a. variable costs. b. fixed costs. c. out-of-pocket costs. d. All of these are included in explicit costs. 2. Costs that are "fixed": a. None are correct. b. are those that will never change. c. vary with output, but not with resource prices. d. depend on what timescale you are thinking. 3. Suppose Larry's Lariats produces lassos in a factory, and uses nine feet of rope to make each lasso. The rope is put into a...
2 Bidwell Company Units 100,000 Revenue 1,000,000 Costs Fixed Variable Raw Material 300,000 Direct Labor 200,000...
2 Bidwell Company Units 100,000 Revenue 1,000,000 Costs Fixed Variable Raw Material 300,000 Direct Labor 200,000 Factory Costs 100,000 150,000 Selling and Admin 110,000 50,000 Total Costs 210,000 700,000 910,000 Operating Income 90,000 a. Based on the preceding data, calculate break-even in units b. If Bidwell desires an Operating Profit of $150,000, how many units must it sell? c. If fixed costs increase by $31,500, what is the new break-even point? Bidwell Company Units 100,000 Revenue 1,000,000 Costs Fixed Variable...
Cost of Goods Sold (using GAAP rules) includes the following classifications: a. variable raw material costs....
Cost of Goods Sold (using GAAP rules) includes the following classifications: a. variable raw material costs. b. variable direct labor costs. c. variable manufacturing overhead costs. d. fixed manufacturing overhead costs. e. all of the above.
11. Which of the following is a fixed cost for a manufacturing firm? A) wages paid to labor B) the annual fire and...
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Product costs flows and related information: * Raw material beginning Jan 1. $5,000 *Raw material ending...
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Fixed costs if sales and production output rises substantially. fall O do not change Question 8...
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Is Indirect Labor part of Fixed Overhead Costs? I have to calculate the Overhead Allocation Rate...
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4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits...
4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits C. Increases variable costs d. Increases overhead costs 5.which of the following is true of the work in process control account? a. It tracks all direct material purchases b. Its balance is the sum of amounts from all "in process individual job costs records C. It is an expense account d. It tracks overhead costs in process from beginning through completion 6. The cost...
Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work...
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2. The standards for product V28 call for 7.6 pounds of a raw material that costs...
2.
The standards for product V28 call for 7.6 pounds of a raw material that costs $18.00 per pound. Last month, 1,500 pounds of the raw material were purchased for $26,700. The actual output of the month was 170 units of product V28. A total of 1,400 pounds of the raw material were used to produce this output. The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the...
2 Bidwell Company Units 100,000 Revenue 1,000,000 Costs Fixed Variable Raw Material 300,000 Direct Labor 200,000 Factory Costs 100,000 150,000 Selling and Admin 110,000 50,000 Total Costs 210,000 700,000 910,000 Operating Income 90,000 a. Based on the preceding data, calculate break-even in units b. If Bidwell desires an Operating Profit of $150,000, how many units must it sell? c. If fixed costs increase by $31,500, what is the new break-even point? Bidwell Company Units 100,000 Revenue 1,000,000 Costs Fixed Variable...
11. Which of the following is a fixed cost for a manufacturing firm? A) wages paid to labor B) the annual fire and theft insurance premiums C) the utility bill D) raw material costs 12. curve and curve B is the curve. In the figure below, curve A is the A) total variable cost; total fixed cost B) total cost; total fixed cost C) total fixed cost; total variable cost D) total cost; total variable cost Total cost (dollars per...
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4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits C. Increases variable costs d. Increases overhead costs 5.which of the following is true of the work in process control account? a. It tracks all direct material purchases b. Its balance is the sum of amounts from all "in process individual job costs records C. It is an expense account d. It tracks overhead costs in process from beginning through completion 6. The cost...
Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 656,000 $ 82,000 $ 136,000 $ 104,000 $ 45,000 $ 204,000 $ 225,000 Inventories Raw materials Work in process Finished goods Beginning $ 8,400 $ 5,600 $ 74,000 Ending $ 10,600 $ 20,300 $ 25,400 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare...
2.
The standards for product V28 call for 7.6 pounds of a raw material that costs $18.00 per pound. Last month, 1,500 pounds of the raw material were purchased for $26,700. The actual output of the month was 170 units of product V28. A total of 1,400 pounds of the raw material were used to produce this output. The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the...
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