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Aliun [14]
3 years ago
5

Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms corre

ctly describes the monthly lease payments made on the delivery vehicle?
a.) Direct cost
b.) fixed cost
c.) both direct cost and fixed cost.
Business
1 answer:
Anton [14]3 years ago
3 0

Answer:

b.) fixed cost

Explanation:

Fixed cost is a cost which has incurred and does not varies with change in the amount of goods being produced or being sold in the market.

These are expenses are paid by the company

Fixed costs are independent of any business related activities.

Here,

the lease amount is paid once for a vehicle and the lease amount of this truck does not varies with the amount of products company produces.

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Phoenix [80]

Answer:

a) 406200000

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Explanation:

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5 0
3 years ago
For the composite method, the composite...(a)rate is the total cost divided by the total annual depreciation.(b)rate is the tota
kotykmax [81]

Answer:

The correct answer is letter "C": life is the total cost divided by the total annual depreciation.

Explanation:

The composite depreciation method uses the straight-line depreciation to rate and average the loss of value in given assets. It divides the useful life figure by the total depreciable cost to arrive at the total depreciation per year. It is helpful to determine the depreciation in a complete class of assets.

3 0
3 years ago
Data for Shelby Company for the current year is as follows:
maks197457 [2]

Answer:

Cost of goods sold is $7,700

Gross Profit is $2,300

Explanation:

Cost of goods sold is Cost of goods available for sale less ending merchandise inventory. Ending merchandise understated by $300 means ending merchandise was accounted $300 less. So, $300 need to be added to ending merchandise. No ending merchandise is $2,300 (2,000 + 300)

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Gross profit is sales revenue less cost of goods sold which is computed as shown below:

Gross profit = 10,000 - 7,700

                    = $2,300

6 0
3 years ago
A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is
viktelen [127]

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.

The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.

A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).

The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.

Learn more about accounting principles here

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3 0
2 years ago
Valuetronics, an electronics company, is currently in the preproduction stage of launching one of its new stereo systems. In ord
Katyanochek1 [597]

Answer: Computer aided engineering(CAE) systems.

Explanation:

Computer aided engineering involves making use of computer softwares that aids production. The computer aided engineering software is used to design how product could look like, simulate the product on a computer system to determine the product's possible performance and to ensure the desired standard is met, before the design can then be used to carry out production. Computer aided engineering is commonly applied in automobile production and large buildings construction.

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3 years ago
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