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1 year ago

The three methods used to classify costs into their fixed and variable components includes:.

Business

1 answer:

ANTONII [103]1 year ago

8 0

The three methods used to classify costs into their fixed and variable components include:

scatter diagrams
high-low method
regression analysis

<h3>What is a costs classification?</h3>

This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.

Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.

Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.

Read more about costs classification

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In a fairly large portfolio, the ...................... risk associated with one stock typically has no impact on the portfolio

Yanka [14]

Answer:

Unsystematic; unsystematic

Explanation:

In the case of the large portfolio, the non-systematic risk that could be attached would have no effect on the total risk of the portfolio

So it is to be expected that the impact should be of non-systematic risk on different kind of stock that could be offset each other in order to remove out the risk to the investor that occurs from the sources of the risk

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3 years ago

According to the textbook, the number one reason that people become entrepreneurs is to:A) realize financial rewardsB) gain pres

Pachacha [2.7K]

Answer:

(A) realize financial rewards.

Explanation:

In theory (textbook) the no.1 reason that people become entrepreneurs is to achieve maximum return. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.

However, in practicality people adopt business to pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards.

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2 years ago

Kunkel Company makes two products and uses a conventional costing system. A single plantwide predetermined overhead rate is comp

Ilia_Sergeevich [38]

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total number of direct labor hours= (1,000*2) + (2,000*7)= 16,000

Predetermined manufacturing overhead rate= 1,200,000 / 16,000

Predetermined manufacturing overhead rate= $75 per direct labor hour

Now, we allocate overhead to each unit and calculate the unitary cost:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Mercon:

Allocated MOH= 75*2= $150

Unitary cost= 150 + 8 + 10= $168

Wurcon:

Allocated MOH= 75*7= $525

Unitary cost= 525 + 6 + 11= $542

Finally, using activity-based costing:

Mercon Wurcon Total

Engineering design time (in hours) 1,000 1,000 2,000

Direct labor-hours 2,000 14,000 16,000

Engineering= 600,000 / 2,000= $300 per design hour

Direct labor= 600,000 / 16,000= $37.5 per direct labor hour

Mercon:

Allocated MOH= 37.5*2 + 300*1= $375

Unitary cost= 375 + 8 + 10= $393

Wurcon:

Allocated MOH= 37.5*7 + 300*0.5= $412.5

Unitary cost= 412.5 + 6 + 11= $429.5

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2 years ago

Use the following information:

seraphim [82]

Answer:

Windswept, Inc.

The total dividends paid for 2017 is:

= $556.

Explanation:

a) Data and Calculations:

Windswept, Inc.

Income Statement for the year ended December 31, 2017:

Net Sales $9,740

Cost of goods sold 7,910

Depreciation 480

Earnings before interest and taxes $1,350

Interest paid 110

Taxable income $1,240

Taxes 434

Net income $806

Windswept, Inc.

2016 and 2017 Balance Sheets ($ in millions)

2016 2017 2016 2017

Cash $260 $290 Accounts payable $1,490 $1,460

Accounts rec. 1,060 960 Long-term debt 1,130 1,330

Inventory 1,900 1,740 Common stock 3,400 3,340

Total $3,220 $2,990 Retained earnings 670 920

Net fixed assets 3,470 4,060

Total assets $6,690 $7,050 Total liab. & equity $6,690 $7,050

The total dividends paid for 2017:

Retained earnings, Dec. 31, 2016 $670

Net income for the year, 2017 806

Less Retained earnings, Dec. 31, 2017 920

Dividends paid $556

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3 years ago

Goods sold On cash Rs 5000 make journal entries

maks197457 [2]

Answer:

and id

Explanation:

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3 years ago