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Oxana [17]
3 years ago
12

Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar

ising from the physical inputs Marcella required to operate her business. Which is it?a) physical space for the galleryb)wages paid to three part-time employeesc)accountants fees for preparing tax returnsd)costs of purchasing art work to sell in the gallery
Business
1 answer:
strojnjashka [21]3 years ago
7 0

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

<u>Variable costs</u> fluctuate according on the production of goods of a company, while <u>fixed costs</u> stay the same regardless of the production output. Reviewing all the options:

  • Wages paid to three part-time employees <u>vary</u> depending on the amount of hours they work.
  • Accountant's fees for preparing tax returns <u>vary</u> depending on the time spent preparing the records.
  • The costs of purchasing art work to sell in the gallery <u>vary</u> depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

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The Menendez family has a net income of $4,500. The chart shows their cost-of-living percentages. How much do they spend on tran
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Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take?
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3 years ago
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For Gundy Company, units to be produced are 5,280 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished uni
Lorico [155]

Answer:

Total cost= $350,400

Explanation:

Giving the following information:

For Gundy Company, units to be produced are 5,280 in quarter 1 and 6,400 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour.

Quarter 1:

Direct labor cost= 5,280*2= 10,560 hours

Quarter 2:

Direct labor cost= 6,400*2= 12,800 hours

Total cost= (10,560 + 12,800)*15= $350,400

7 0
3 years ago
A charity organization had a fundraiser where they sold each ticket for a fixed price. After selling 200 tickets, they had a net
Arlecino [84]

Answer: y = 66x - 1200

Explanation: The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.

If we let b represent the sales earned from selling tickets, then:

Net profit = total sales - total costs

12,000 = 200b - 1,200

We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:

∴12000 + 1200 = 200b

13200 = 200b

To get the price of one single ticket, b, we need to divide both sides by 200.

∴ b = 66

This means that each ticket's selling price is $66.

So when when we take it back to the calculation of net profit then it becomes:

Net profit = total sales - total costs

y = 66x - 1200

To test:

y = 66x - 1200

= 66 (200 tickets) - 1200

= $12,000

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3 years ago
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