Answer:
Variable factory overhead = 3.00
Fixed factory overhead = 1.80
Explanation:
See the table in the attached image
Answer:
No, it will not be classified on cash flow statement.
Explanation:
In the given case, stocks are issued in exchange of equipment. Assuming no cash is involved even for the balancing amount.
Since, cash flow statement records all transactions involving cash the exchange of stock issued for equipment, is nowhere involving cash thus, it will not be depicted on cash flow statement.
Final Answer
No it will not be classified on cash flow statement.
Answer:
B) costs that change with the level of production.
Explanation:
Variable costs are costs that change according to the total production output.
The two main cost components in the production process are fixed costs, which remain to be paid even if the firm shuts down temporarily, and variable costs, which are subject to change according to the level of production.
Therefore, the answer is alternative B)