An example of a cost that is likely to have a variable behavior pattern is: a....
An example of a cost that is likely to have a variable behavior pattern is:
a. salaries of production supervisors.
b. production labor wages.
c. depreciation of production equipment.
d. sales force salaries.
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An example of a cost that is likely to have a variable behavior
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PROBLEMS P4-1 L01 Variable and fixed cost pattern analysis The cost behavior patterns below are lettered...
PROBLEMS P4-1 L01 Variable and fixed cost pattern analysis The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or direct labor hours. In each case, the zero point is at the intersec- tion of the two axes. Each graph may be used no more than once, Required: Select the graph that matches the lettered cost described here. a....
Cost Behavior Steph's Ice Cream, Inc, makes and sells ice cream. Listed below are selected cost...
Cost Behavior Steph's Ice Cream, Inc, makes and sells ice cream. Listed below are selected cost items for the ice cream production. Classify each cost as either fixed or variable, and either a product or a period cost by placing an x in the appropriate boxes. Cost by behavior Cost by function Variable Fixed Product Period Sugar for ice cream.. Mixing labor. Factory property taxes. HR staff salaries.. Accounting office rent. Sales manager's salary. Depreciation on factory equipment. Sales commissions.
Listed below are costs of providing an airline service. Classify each cost as (a) either variable...
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
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...
Answer these questions below: 1. Which of the following is most likely to be a variable...
Answer these questions below: 1. Which of the following is most likely to be a variable cost A. Depreciation B. Salaries of management C. Direct Materials D. None of these 2. Cost Behavior applies to all types of businesses and entities including non-profit. A. True B. False 3. Selling Price - Variable Cost per Unit A. Fixed Cost Per Unit B. Contribution Margins Per Unit C. Break Even in Units 4. Total Fixed cost/ Contribution Margin per Unit A. Break...
Classifying Cost Behavior For each of the following situations, select the most appropriate cost behavior pattern...
Classifying Cost Behavior For each of the following situations, select the most appropriate cost behavior pattern (from the illustrations shown below where the lines represent the cost behavior patter, the vertical axis represents costs, the horizontal axis represents total volume, and the dots represent actual costs. Each pattern may be used more than once. CZ wedding 01) (9) (10) (11) (12) a. Variable costs per unit (8) b. Total fixed costs (8) c. Total mixed costs (11) d. Average fixed...
PROBLEM 3-13 Identifying Cost Behavior Pattern A number of graphs displaying cost behavior patterns are shown...
PROBLEM 3-13 Identifying Cost Behavior Pattern A number of graphs displaying cost behavior patterns are shown below. The vertical axis on each graph represents total cost, and the horizontal axis represents level of activity (volume). Required: 1. For each of the following situations, identify the graph below that illustrates the cost behavior pattern involved. Any graph may be used more than once. Cost of raw materials used. Electricity billa flat fixed charge, plus a variable cost after a certain number...
A) Cost Terms and Costs Behavior- Exercise Using the following information: Inventories Materials Work in process...
A) Cost Terms and Costs Behavior- Exercise Using the following information: Inventories Materials Work in process Finished good Beginning Ending 43.300 5.100 12.300 52.500 9.500 9.200 700.000 Sales revenues Depreciation of factory equipment Depreciation of office equipment Direct labor Indirect materials usage Machine electricity usage Other salaries Purchases of direct material Rent expenses Sales commission 12,00% ofsales 14,000 6,50% ofsales 4Sguc 24,00% ofsales 1.000 5,00%of sales 35-0 10.50% ofsales 23.soo 9,00% ofsales -G300C 19.00% of sales ASs.oO 3.50% ofsales 200.0-...
Classify each of the following cost in terms of its cost behavior as volume changes (fixed...
Classify each of the following cost in terms of its cost behavior as volume changes (fixed or variable) (b) Whether it is a period cost that should be expensed immediately or a product cost that becomes part of the cost of inventory. (c) If a cost is a product cost, classify it further whether it is a direct material, direct labor, or a manufacturing overhead cost. 1. _____ _____ ______ Straight-line depreciation of automobiles used...
Required information Problem 14-1A Cost computation, classification, and analysis LO C2, C3 (The following information applies...
Required information Problem 14-1A Cost computation, classification, and analysis LO C2, C3 (The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $470 each. Costs 1. Plastic for casing-$15,000 2. Wages of assembly workers-$87,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$39,000 5. Drum stands (1,000 stands purchased)-$ 38,000 6. Rent cost of equipment for sales staft-$12,000 7....
PROBLEMS P4-1 L01 Variable and fixed cost pattern analysis The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or direct labor hours. In each case, the zero point is at the intersec- tion of the two axes. Each graph may be used no more than once, Required: Select the graph that matches the lettered cost described here. a....
Cost Behavior Steph's Ice Cream, Inc, makes and sells ice cream. Listed below are selected cost items for the ice cream production. Classify each cost as either fixed or variable, and either a product or a period cost by placing an x in the appropriate boxes. Cost by behavior Cost by function Variable Fixed Product Period Sugar for ice cream.. Mixing labor. Factory property taxes. HR staff salaries.. Accounting office rent. Sales manager's salary. Depreciation on factory equipment. Sales commissions.
Listed below are costs of providing an airline service. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect by selecting the appropriate dropdowns. Consider the cost object to be a flight. Flight attendants and pilots are paid based on hours of flight time. Cost Variable or Fixed Direct or Indirect | 1. Snacks served on airplanes 2. Depreciation on office equipment 3. Oil used in airplanes 4. Luggage handler wages 5. Airport landing fee...
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...
Answer these questions below: 1. Which of the following is most likely to be a variable cost A. Depreciation B. Salaries of management C. Direct Materials D. None of these 2. Cost Behavior applies to all types of businesses and entities including non-profit. A. True B. False 3. Selling Price - Variable Cost per Unit A. Fixed Cost Per Unit B. Contribution Margins Per Unit C. Break Even in Units 4. Total Fixed cost/ Contribution Margin per Unit A. Break...
Classifying Cost Behavior For each of the following situations, select the most appropriate cost behavior pattern (from the illustrations shown below where the lines represent the cost behavior patter, the vertical axis represents costs, the horizontal axis represents total volume, and the dots represent actual costs. Each pattern may be used more than once. CZ wedding 01) (9) (10) (11) (12) a. Variable costs per unit (8) b. Total fixed costs (8) c. Total mixed costs (11) d. Average fixed...
PROBLEM 3-13 Identifying Cost Behavior Pattern A number of graphs displaying cost behavior patterns are shown below. The vertical axis on each graph represents total cost, and the horizontal axis represents level of activity (volume). Required: 1. For each of the following situations, identify the graph below that illustrates the cost behavior pattern involved. Any graph may be used more than once. Cost of raw materials used. Electricity billa flat fixed charge, plus a variable cost after a certain number...
A) Cost Terms and Costs Behavior- Exercise Using the following information: Inventories Materials Work in process Finished good Beginning Ending 43.300 5.100 12.300 52.500 9.500 9.200 700.000 Sales revenues Depreciation of factory equipment Depreciation of office equipment Direct labor Indirect materials usage Machine electricity usage Other salaries Purchases of direct material Rent expenses Sales commission 12,00% ofsales 14,000 6,50% ofsales 4Sguc 24,00% ofsales 1.000 5,00%of sales 35-0 10.50% ofsales 23.soo 9,00% ofsales -G300C 19.00% of sales ASs.oO 3.50% ofsales 200.0-...
Required information Problem 14-1A Cost computation, classification, and analysis LO C2, C3 (The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $470 each. Costs 1. Plastic for casing-$15,000 2. Wages of assembly workers-$87,000 3. Property taxes on factory-$6,000 4. Accounting staff salaries-$39,000 5. Drum stands (1,000 stands purchased)-$ 38,000 6. Rent cost of equipment for sales staft-$12,000 7....
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