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diamong [38]
3 years ago
11

Which of the following will appear as a line item in the income statement prepared under variable​ costing? A. Total Cost of Goo

ds Sold B. ​Work-in-Process Inventory C. Contribution Margin D. Gross Profit
Business
1 answer:
user100 [1]3 years ago
5 0

Answer:

C. Contribution Margin

Explanation:

Variable costing is used to determine how changes in volume affect costs and profits in a business. It is similar to the cost-volume-profits analysis. Variable costing assumes constant prices for key items throughout the period in review.

In variable costing, selling price, variable, and fixed costs are assumed to be constant. It uses the contribution margin to determine the breakeven point and profitability. The contribution margin is obtained by subtracting variable costs from selling price. Dividing fixed costs by contribution margin per unit gives the breakeven point.

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A time standard was set as 0.20 hour per unit based on the 20th unit produced. Assume the task has a 60 percent learning curve.
Sliva [168]

Answer:

40th unit = 0.11 hr

80th unit = 0.06 hr

160th unit = 0.03 hr

Explanation:

Given :

$T_{20} = 0.2$

Learning rate = 60% = 0.6 (r)

Now using the learning curve equation,

$ T_n = T_1(n)^b$

where b is  $b= \frac{\ln r}{\ln 2} = \frac{\ln 0.6}{\ln 2} $  = -0.833

Now

$ T_{20} = T_1(20)^{-0.833}$

$ 0.20 = T_1 (0.0824)$

$T_1$ = 2.5

For 40th unit

$ T_{40} = 2.5(40)^{-0.833}$

      = 0.11 hrs

For 80th unit

$ T_{80} = 2.5(80)^{-0.833}$

      = 0.06 hrs

For 160th unit

$ T_{160} = 2.5(160)^{-0.833}$

        = 0.03 hr

6 0
2 years ago
When using a grid analysis to weigh your options, how can bias be introduced?
Nookie1986 [14]

Answer:

Grid analysis is a brilliant chance to consolidate conceptualizing to consider the significance of different variables that affect a determination choice. The choice of another provider can be a laborious procedure, and the significance of the choice is inarguable.

Explanation:

8 0
3 years ago
A cash-basis individual taxpayer owns 55% of Stone, a C-corporation. Stone uses the accrual method of accounting and owes the ta
Strike441 [17]

Answer: $2,250

Explanation:

The Tax-Payer uses a cash-basis. This means that they recognize revenue or expenses only when they are actually paid as opposed to an Accrual basis entity that recognizes revenue or expenses when it is incurred.

As the Cash-Basis taxpayer is the majority shareholder of the company, Stone may not deduct the amount from income until they have paid the tax payer because tax regulations state that when an Accrual Basis entity owes a majority owner who uses the Cash basis, they may not recognize the deduction until they have paid the owner.

In year 2 they paid ½ of the rent which is,

= 4,500/2

= $2,250

They can therefore only deduct $2,250 in Year 2.

7 0
3 years ago
A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and disco
sertanlavr [38]

Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.

Explanation:

Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.

The company working in the niche has to target boat owners specifically, which the marketing fails to do.

<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>

5 0
3 years ago
Read 2 more answers
Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make monthly payments, which a
lubasha [3.4K]

Answer: 16.08%

Explanation:

The effective annual interest rate simply means the interest rate on a loan that is restated from nominal interest rate.

In the above question, we are informed that it uses 15.00% as the nominal annual rate make monthly payments.

Effective annual rate = (1 + r/m)^m - 1

where,

r = annual nominal interest rate

m = number of compounding periods for the year.

In this case m= 12 since there are 12 months in a year.

The answer has been attached.

3 0
3 years ago
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