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1 year ago

Describe how total variable costs and unit variable costs behave with change in the level of activity.

1 answer:

5 0

Total variable costs fluctuate in direct proportion to variations in activity levels. No matter the level of activity, unit variable costs are constant.

<h3>What is the difference between Total variable cost and Unit Variable Cost?</h3>

The sum of all variable expenses related to the cost of products sold within a reporting period is known as the total variable cost. Analyzing the profitability of corporations is a crucial element. Only costs that change in response to production or sales volume are included in the total variable cost.

The cost of each unit of goods that a firm produces is referred to as variable cost per unit. Variable costs alter as changes take place in the company's level of production or activity. Changes in the business have an impact on the unit variable cost; as more units of a good are produced, additional costs are spent.

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In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R

xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0

3 years ago

ASK ME WEIRD QUESTIONS QUICK

Pachacha [2.7K]

Answer:

hop off brainly cuz

Explanation:

4 0

4 years ago

Read 2 more answers

shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease on december

Nonamiya [84]

shmrock corporation recorded a right-of-use asset for 187,600 as a result of a finanec lease

<h3>What is lease?</h3>

A lease is a contract that requires the user to pay the owner for the use of an asset. Property, buildings, and vehicles are examples of leased assets. Leasing is also used for industrial or commercial equipment. A lease agreement is essentially a contract between two parties: the lessor and the lessee.

The primary distinction between a lease and a rent agreement is the length of time they cover. A rental agreement is typically for a short period of time (usually 30 days), whereas a lease contract is for a longer period of time (usually 12 months, though 6 and 18-month contracts are also common).

Finance leasing, operating leasing, and contract hire are the three main types of leasing.

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4 0

1 year ago

Kevin manages a group of eight project engineers, all of whom have worked for the company for over five years. almost every day,

Natali [406]

The theory which could maybe explain this situation is "play hard ,work hard"

3 0

4 years ago

The owner of a collection of old anvils lent it to the local museum and hired professional movers to transport the anvils to the

Kaylis [27]

Answer:

Neither nominal damages nor punitive damages.

Explanation:

Nominal damage is defined as money from a defendant that is awarded to a plaintiff for a legal wrong. The amount awarded does not meet up to the financial loss incurred.

Punitive damage is the type that is awarded to punish the defendant for an injury or wrong done to a plaintiff. This is also called exemplary damages.

In the given scenario the owner will not be able to recover either punitive or nominal damages from the movers.

This is because movers used a rope and pulley apparatus to lift the anvils on the outside of the building to a second-story window. This was aimed at not harming anyone within the building.

Also when it fell the anvil was not even dented.

So there was no basis for the negligence charge as there was no injury inflicted.

8 0

3 years ago