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2 years ago

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.

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At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit bala

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Answer:

Amount of Adjusting Entry for Bad Debts

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Less: Existing Provision $5,500.00

Adjusting Amt. for Bad Debts $19,500.00

Adjusted Balance of

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3 years ago

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Answer:

The products by services companies are consumed immediately.

Explanation:

Goods are physical tangible products that are used to satisfy human needs and wants. On the other hand, services are non-physical, nontangible products that also serve the purpose of satisfying human needs and wants.

The manufactured good can be stored in inventories after production, however, the services are consumed as they are produced. They cannot be stored in inventories to be consumed later. They have to be consumed immediately.

This is the main difference between the products of manufacturing companies and services companies.

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4 years ago

If you carry over a balance in your credit card from one billing period to the next when will interest charged begin on a new pu

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Answer:

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3 years ago

Sunland Company purchased a new machine on October 1, 2017, at a cost of $80,360. The company estimated that the machine has a s

Ahat [919]

Answer:

2017 = $2,587.50

2018 = $10,350

Explanation:

The computation of the depreciation expense using the straight line method for the year 2017 and 2018 are shown below:

As we know that

The formula to compute the depreciation expense under the straight-line method is

= (Purchased Cost - salvage value) ÷ useful life

For 2017 year

= ($80,360 - $7,910) ÷ 7 year

= $10,350

For 3 months, it is

= $10,350 × 3 ÷ 12

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3 years ago

________involves employees and organizational representatives meeting with a neutral third party who tries to help the two sides

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Answer:

Mediation.

Explanation:

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3 years ago