Which one of the following is likely to be a cost driver? Select one: a. Machine hours b. None of the given answers O c. depreciation d. Retail price O e. Monthly rent
Q: Direct materials would be considered a? Group of answer choices Step Cost Mixed Cost Fixed Cost…
A: Hi Student Since there are multiple questions,we will answer only first question. If you want…
Q: Which one of the following is a fixed cost? a. Raw material costs b. Salary with commission c.…
A: A fixed cost is one that does not adjust in the short term, even though a company's sales volume or…
Q: Which of the following is not included in the calculation of the lifecycle cost of a product?…
A: Cost of disposal refers to the additional expense incurred as a result of the disposal of an asset,…
Q: Which of the following may form the basis for the price a company (working at full capacity) should…
A: Opportunity costs : The benefit foregone by the company by employing the resource in other…
Q: *check the attached photo for the problem REQUIRED: What is the total cost per unit?
A: Gigi decided to make chicken and rice to sell, it is necessary to decide the cost per unit.
Q: Which one of the following depends on the level of output or activity? O building rent cost O…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Required a) Björn is having some trouble crunching the numbers and has asked for your help…
A: 1. There are four ethical standards of professional conduct as developed by the Institute of…
Q: Which of the following statements is false? O a. Product costs are inventoriable costs O b. Product…
A: Product costs - these can be defined as costs incurred by the business while producing a good or…
Q: he following statements is true? bsorption costing treats fixed overhead as an expense in the period…
A: The income statement is prepared using various methods as absorption costing and variable costing.…
Q: When materials and supplies are used in a product that will be sold to customers, the usage of the…
A: The answer for the multiple choice question and relevant explanation are presented hereunder :…
Q: Define the term marginal cost and marginal costing. Explain the features of marginal costing &…
A: SOLUTION MARGINAL COST IS THE COST OF ONE ADDITIONAL UNIT OF OUTPUT. THE CONCEPT IS USED IS TO…
Q: Can you please explain what we mean by "Short-run" and "long-run" for decision-making in cost…
A: The executive management team of a corporation uses cost accounting to determine all variable and…
Q: Which of the following cost is not considered as period cost under marginal costing? Variable…
A: Marginal Costing: Marginal Costing is a costing technique whereby variable cost are charged to cost…
Q: Which of the following statements is true? * O a. A common cost is one type of direct cost. O b. A…
A: The question is related to Choose which of the statement is true.
Q: A variable cost is a cost thata. varies per unit at every level of activity.b. occurs at various…
A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…
Q: Which of the following statements is true for a firm that uses variable costing? A. The cost of a…
A: Variable costing may be a strategy that as it were allocates variable costs to stock. This approach…
Q: The marginal cost is: Select one: a. Is the incremental cost of an activity, such as producing a…
A: Marginal cost refers to the additional cost.
Q: . If the coefficient of correlation for machine hours is higher than the coefficient of correlation…
A: The coefficient of correlation is a measure that calculates the relationship between two variables.…
Q: Which of the following would not be a period cost? Group of answer choices Research and development…
A: Solution: Period cost is the cost that is expensed in the income statement and same is not…
Q: Which of the following is NOT a period cost? Select one: O a. manufacturing costs. O b. general and…
A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…
Q: There are three categories of costs: fixed costs, variable costs and semi-variable costs. Which of…
A: Semi-variable cost includes both fixed and variable costs. In this, most of the part is fixed but…
Q: Which of the following may form the basis for the price a company (working at full capacity) should…
A: There are several type of costs that are being incurred in business. These are fixed costs, variable…
Q: Which of the following is FALSE regarding Variable Costing? O A. Net income will only change if the…
A: Variable costing is a technique of cost accounting where the fixed overheads are not included in the…
Q: Employee training is an example of discretionary fixed costs. Select one: True False
A: Hi student Since there are multiple questions, we will answer only first question.
Q: In making short-term business decisions, what should you do? a. Use a traditional costing approach.…
A: Business decision refers to large part of conducting business is making decisions.
Q: Which of the following is not a reason for banks to use activity-based costing? a.to determine…
A: Activity based costing (ABC): Under activity based costing method, the activities responsible for…
Q: fixed costs (F), variable costs (V), or mixed costs(M).
A: Fixed cost - Fixed cost remains constant irrespective of the level of activity. It is an unavoidable…
Q: Which of the following statements is true? O a. Activity-based costs per unit are always greater…
A: The volume based costing represents the cost allocation to a single cost pool. The high volume…
Q: 1. Select two decisions-one common to a manufacturer and the other common to a service…
A: Manufacturing Entity: A manufacturing business is defined as any firm that manufactures completed…
Q: Which of the following is FALSE regarding Variable Costing? A. Net income will only change if the…
A: Variable costing is a cost concept in managerial accounting. In Variable costing, all variable costs…
Q: EOQ focuses on the trade-off between A) carrying costs and delivery costs B) seasonality and steady…
A: EOQ is economic order quantity at which cost is minimum. Total cost consist of cost of order and…
Q: In detail discuss what are the advantages and disadvantages of using FIFO for process costing. In…
A: First-in First-out(FIFO) method under process costing is based on the assumption that at the…
Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…
A: Variable cost is the cost which changes with the change in production. With every increase in…
Q: In making short-term business decisions, what should you do? Use a traditional costing approach.…
A: Business decision refers to large part of conducting business is making decisions.
Q: If a company chooses a price to charge for its product by adding up all the expenses necessary to…
A: Solution: There are various method of pricing the product such as: 1. Target costing 2. Skimming…
Q: In describing the cost formula equation Y = a + bX, which of the following statements is NOT…
A: Cost formula equation shows the combination or mixture of fixed costs and variable costs for…
Q: Which of the following costs is most Ilikely to be classlfled as a fixed cost? Multiple Cholce…
A: Fixed costs are costs which do not vary with production and remains fixed in total .On the other…
Q: Which of the following is NOT correct about the classifications of costs? Select one: a. On the…
A: Costs in the business can be classified into different types like on the basis of time, on the basis…
Q: uantity order to reduce the overall cost is usually stated as EOQ. why it is related to one time…
A: Step 1 Economic order quantity (EOQ) is the ideal order quantity a company should purchase to…
Q: 1. Which of the following costs would most likely be variable with respect to the number of T-shirts…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Which of the following correctly describes the term cost driver? a. The inflation rate which causes…
A: Cost driver are the compotents that are directly related to the product that determine the cost of…
Q: Which one of these is an example of a variable cost? a. Raw material expenses b. Depreciation costs…
A: Variable costs are those costs which incurs in proportion to volume of goods sold or services that…
Q: Which of the following statements is true? (You may select more than one answer.)a. Conversion costs…
A:
Q: What is the difference between variable costing and absorption costing income statements? a.…
A: Cost accounting is widely used by cost accountants to determine the cost of the product produced in…
Q: When pricing a product or service, managers must consider which of the following? a. Only period…
A:
Q: How does the fixed cost per unit change as the level of activity (or cost driver) increases? Why?
A: Fixed cost refers to such overheads that are not directly related to the business and which do not…
Q: What from the upcoming options will be made when using the traditional costing method, relatively to…
A: Traditional Costing Method: The traditional costing methodology, which is focused on assigning…
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- :On the cost-volume-profit graph, the intersection between the total cost line and (Y) axis represents The profit area a O The fixed cost amount b O The loss area .c O The contribution margin per unit .d O The variable cost amount eeV@hdows Go to Settings to activate Wil 081 ENG hp 19 11 inprt sc delete home end & num 6 8 9. backspace = lock V { Y U 7 V 8. home H. K enter pause N 1 shift 上 end alt ctrl Pm 近Which of the following does not represent a cost-volume-profit analysis equation? O a. Contribution margin - fixed expenses - profit = 0 O b. Profit = contribution margin + fixed expenses O c. Sales = total expenses+ profit O d. Sales- fixed expenses – variable expenses = 0 O e. Sales+ fixed expenses + profit = contribution margin + sales US PAGE NE re to search 144 ort sc delete home %23 & 4. backspace R T. U D G K enter pause C M alt ctrlPLEASE USE THIS TIME TO ANSWER THIS. AYAW NA PAGHULAT UG DEADLINE, TOMORROW IS ANOTHER DAY. PLEASE DEFINE AND GIVE THE FORMULA OF THE FOLLOWING (IF THERE IS ANY): PLEASE ANSWER HERE DIRECTLY 1. absorption costing 2. activity bases (drivers) 3. break-even polnt 4. contributlon margin 5. contributlon margin ratlo 6. cost behavlor 7. cost-volume-profit analysls 8. cost-volume-profit chart
- Direction: Read carefully and answer the questions below. Encircle the letter of the correct answer. 1. Which of the following is an example of a variable cost? а. interest b. ingredients с. insurance d. lease 2. What type of cost varies depending on the quantity of products being produced? а. fixed b. net sales с. total d. variable 3. Which among the following concepts is usually seen on the top item in an income statement from which all costs and expenses is subtracted to arrive at net income? a. fixed cost b. net sales с. total cost d. variable cost 4. When do we obtain the break-even point? When the fixed cost is equal to the total cost When the total cost is equal to the variable cost When the variable cost is equal to the fixed cost d. When the number of units of goods sold covers the all the costs а. b. с. 5. Which of the following is NOT true? а. The fixed cost does not vary over time. b. The total cost is the sum of the fixed cost and the variable cost. с. The total cost is…Q1. Use the simple costing system to prepare a product-line profitability report for FS.Which cost driver would you recommend Cooper use going forward? a)Actual MOH B) Fixed MOH C)DM Cost d)DL hours e)Applied MOH
- Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costExercises + Suppose that we made an AHP analysis based on the following comparison tables Value R1 R2 R3 R1 1 9. R2 1 R3 1 Cost R1 R2 R3 R1 1 1/7 1/5 R2 1 1/9 R3 1 1) Draw the value cost diagram from these tables 2) From the diagram, rank the requirements according to their priorities starting from the highest priority Dr. Quta Shambour PArt Requirciments Analya Requirements g an S 1. Prepare a scatter plot of Flower Petal's volume (miles driven) and van operating costs. 2. Does the data appear to contain any outliers? Explain. 3. How strong of a relationship is there between miles driven and van operating costs? Print Done - ☑
- Revisit Choose the best option Question # 8 A Report a Problem O sunk costs Programmed costs are also known as O differential costs O standard costs O managed costs +91 80 4719 0917 Deepanshu | Support +1 650-924-9221 metti (3 Type here to search hp 144 18 17 f6 f5 f4 f3 IOI & % P A @2 R. E T %24Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12Which one of the following is not considered an assumption of cost-volume-profit analysis? O a. Fixed cost per unit is not constant O b. Sales mix of products sold does not remain constant O c. Selling price per unit does not change with volume O d. Costs are linear O e. Costs can be divided into variable and fixed components W to search (OD hp prt sc delete home %24 & E backs pace 6 8. U E %3D 1 F enter G H. J K pause M C alt ctrl