Wages paid to workers responsible for manufacturing and assembling products are: A) fixed costs B) variable...
Homework Answers
Answer :
B) variable costs
Explanation :
Wages paid to workers responsible for manufacturing and assembling products are direct labor . Direct labor costs depends on level of production ie such costs varies with change in production level thus its a variable cost
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Wages paid to workers responsible for manufacturing and assembling products are: A) fixed costs B) variable...
11. Which of the following is a fixed cost for a manufacturing firm? A) wages paid to labor B) the annual fire and...
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...
Relevant costs for target pricing are ________. A) variable manufacturing costs B) variable manufacturing and variable...
Relevant costs for target pricing are ________. A) variable manufacturing costs B) variable manufacturing and variable nonmanufacturing costs C) all fixed costs D) all future costs, both variable and fixed
25 7 8. Royal Products' manufacturing costs per unit are: Variable Costs $50 Fixed Costs A...
25 7 8. Royal Products' manufacturing costs per unit are: Variable Costs $50 Fixed Costs A special order for 2,000 units has been received from a foreign company at a special unit price of $55. The normal unit price is $80. If the order is accepted, unit variable costs will increase by $2 for additional freight costs. What is the incremental profit (loss) if the order is accepted? A) $10,000. B) $(46,000). C) $6,000. D) $(40,000). 11. Opportunity cost must...
A general rule in relevant cost analysis is: a. variable costs are always relevant. b. fixed...
A general rule in relevant cost analysis is: a. variable costs are always relevant. b. fixed costs are always irrelevant c. differential future costs and revenues are always relevant d. depreciation is always irrelevant
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles...
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,200 1,050 31,200 2,090 580 875 3,580 155 5,080 4,170 285 1,250 1,090 2,010 8,500 eBook Print Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. References Required: 1 and 2. Identify each...
ERPSim Cost Classification Assignment In managerial accounting, costs are classified into fixed, variable or mixed costs...
ERPSim Cost Classification Assignment In managerial accounting, costs are classified into fixed, variable or mixed costs (based on behavior); product or period costs (for external reporting); and direct or indirect costs (based on traceability). Classification of costs based on behavior helps in cost-volume-profit analysis. Classification based on traceability is important for accurate costing of jobs and units produced. Classification for the purpose of decision-making is important to help management identify costs which are relevant for a decision. This exercise is...
Classify the various costs using the information below, a) Behavior: fixed or variable cost b) Traceability:...
Classify the various costs using the information below,
a) Behavior: fixed or variable cost
b) Traceability: direct or indirect
c) Financial reporting: product or period
d) If product cost, identify which items are direct materials,
direct labor or
manufacturing overhead.
Cost Classification Indirect Product DM Fixed variable Direct DL MOH Period Corporate office building depreciation Deprediation of Equipment used to build various custom houses Lumber Roof Concrete Insulation Ducting Paint Utilities for office (include gas, electric, and water) Mobile phone...
What might happen BELOW the relevant range of production? a)Unit variable costs might decrease, as workers...
What might happen BELOW the relevant range of production? a)Unit variable costs might decrease, as workers are highly experienced. b)Total fixed costs might decrease, as volume increases. c)Total fixed costs might increase, as volume increases. D)Unit variable costs might increase, as workers are not pressured to work efficiently.
please show work/give explaination b l eu dald Ulloal Tevenue and total COSLS to determine CMR...
please show work/give explaination
b l eu dald Ulloal Tevenue and total COSLS to determine CMR ET 800 an 4. Estimate unit variable costs. Production volume was 10 units. fire insurance $100 depreciation $240 rent $200 assembly workers' wages $500 production supervisor's salary $120 direct materials $300 A. $30 per unit B. $50 per unit C. $80 per unit D. $104 per unit E. not enough information it depends on whether the relevant range is fixed or variable 5. Which...
For each cost item below, indicate whether it would be variable or fixed with respect to...
For each cost item below, indicate whether it would be variable or fixed with respect to the number of units produced and sold: and then whether it would be a selling cost, an administrative cost or a manufacturing cost. If it is a manufacturing cost, indicate if it is a direct cost or an indirect cost with respect to the units of product (Ex provided #1 & #2) Variable or Selling Administrative Manufacturing (Product) Cost Cost Item Fixed Cost Cost...
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...
25 7 8. Royal Products' manufacturing costs per unit are: Variable Costs $50 Fixed Costs A special order for 2,000 units has been received from a foreign company at a special unit price of $55. The normal unit price is $80. If the order is accepted, unit variable costs will increase by $2 for additional freight costs. What is the incremental profit (loss) if the order is accepted? A) $10,000. B) $(46,000). C) $6,000. D) $(40,000). 11. Opportunity cost must...
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,200 1,050 31,200 2,090 580 875 3,580 155 5,080 4,170 285 1,250 1,090 2,010 8,500 eBook Print Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. References Required: 1 and 2. Identify each...
Classify the various costs using the information below,
a) Behavior: fixed or variable cost
b) Traceability: direct or indirect
c) Financial reporting: product or period
d) If product cost, identify which items are direct materials,
direct labor or
manufacturing overhead.
Cost Classification Indirect Product DM Fixed variable Direct DL MOH Period Corporate office building depreciation Deprediation of Equipment used to build various custom houses Lumber Roof Concrete Insulation Ducting Paint Utilities for office (include gas, electric, and water) Mobile phone...
please show work/give explaination
b l eu dald Ulloal Tevenue and total COSLS to determine CMR ET 800 an 4. Estimate unit variable costs. Production volume was 10 units. fire insurance $100 depreciation $240 rent $200 assembly workers' wages $500 production supervisor's salary $120 direct materials $300 A. $30 per unit B. $50 per unit C. $80 per unit D. $104 per unit E. not enough information it depends on whether the relevant range is fixed or variable 5. Which...
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