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Bezzdna [24]
2 years ago
12

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

Business
2 answers:
luda_lava [24]2 years ago
4 0

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

  • scatter diagrams
  • high-low method
  • regression analysis

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

This refers to the way by which economic cost are classified for proper purpose and identification.

Majority of fixed and variable cost are classified by using the scatter diagrams, high-low method and regression analysis.

Read more about costs

<em>brainly.com/question/26245657</em>

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sdas [7]2 years ago
4 0

Accountants use the following three methods to classify mixed costs into their fixed and variable components:

  1. High-low method
  2. Scatter graph
  3. Regression analysis.

<h3>What are mixed costs?</h3>

Mixed costs are costs that have both fixed and variable elements.

Fixed (period) costs do not change with changes in the production volume, unlike variable (differential) costs.

Thus, since variable costs are essential for decision-making, management tries to separate mixed costs so that insights into cost structure become clearer using the above three methods.

Learn more about the cost classification methods at brainly.com/question/21053145

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Answer:

She should wash her hands.

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Erin promises to pay her friend Stephanie$10,000 if Stephanie refrains from eating any foods that contain animal products. Steph
Dmitrij [34]

Answer:

Yes

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There is an enforceable contract because there was an offer and acceptance; mutual obligation and consideration, and the subject matter was not illegal.

Contracts must not be written to be enforceable. Erin and Stephanie's contract was oral and still enforceable. The question however will be if Erin is of age to be able to pay $10,000 otherwise the contract may not be enforceable or binding.

8 0
4 years ago
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Aleks04 [339]

Answer and Explanation:

The journal entries are shown below:

On June 1

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(Being the sale of merchandise is recorded)

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(Being the cash received is recorded)

On September 5

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(Being the bad debt expense is recorded)

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Only these journal entries are required

3 0
3 years ago
What are the implications of using criteria, such as baldrige, in assessing organizational culture needs? explain
KIM [24]

The implications of using criteria, such as baldrige, in assessing organizational culture needs to:

-Identify successes and opportunities of organization for improvement.

-Jump and start a new change initiative

-Energize the improvement initiatives

-Energize the workforce by motivating.

-Focus whole organization on common goals

-Assess the performance against the competition

-Align resources with  some strategic objectives

Baldrige self-assessment helps organizations to assess whether they are developing and deploying a good, balanced and systematic approach for running the organization.

No matter the organization is large or small, and no matter your industry or sector, you can use the Baldrige  Criteria to conduct a self-assessment of the organization.

It provides the best way to evaluate how well your organization is meeting its goals and objectives. Organizations use it to evaluate their processes and their impact on results.

To know more about Baldrige criteria here:

brainly.com/question/27960097

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7 0
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Which of the following is a SMART goal for Noah's food drive project?
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It's C. I just took it and it definitely is C

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