Answer:
D) direct fixed costs.
Explanation:
The fixed cost is that cost which does not change with the change in the production level. It remains constant whether production level changes or not.
There are various types of fixed costs which are shown below:
1. Indirect fixed cost: The indirect fixed cost is those fixed costs that are not related to the product. Examples: administrative salaries, miscellaneous expenses, etc.
2. Non-controllable fixed costs: These costs are those cost which is not controllable by the business organization such as depreciation, taxes, etc.
3. Common fixed costs: These costs are those cost which is held for more than one department or segment. Examples - salaries expenses, rent expenses, etc
4. Direct fixed costs: This cost is to deal with the product and specially incurred for the particular segment such as direct material, direct labor, etc.
The 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.
As regards the options, 3 activities which are part of the function of accounting includes:
- Classifying financial transactions
- interpreting financial transactions
- Recording financial transactions
In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.
Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>
<em />
Read more about this here
<em>brainly.com/question/15393400</em>
Answer:
Alpha Technology
Outstanding Computer's consumption ratio for setup hours is:
b. 0.48
Explanation:
a) Data and Calculations:
Overhead activities and costs:
Setting up equipment $3,000
Machining $15,000
Excellent Outstanding
Laptops Computers
Direct Labor $25,000 $10,000
Direct Materials $20,000 $5,000
Expected Production in Units 3,000 3,000
Machine Hours 850 2,000
Setup Hours 80 75
Total setup hours = 155 hours
Outstanding Computer's consumption ratio for setup hours = 75/155 * 100
= 48%
Answer:
<u>Wilson Trucking Company classified balance sheet as of December 31.</u>
Assets
Non - Current Assets
Trucks 172,000
Accumulated depreciation Trucks (36,000) 136,000
Land 85,000
Total Non - Current Assets 221,000
Current Assets
Office supplies 3,000
Accounts receivable 17,000
Cash 8,000
Total Current Assets 28,500
Total Assets 249,500
Equity and Liabilities
Equity
Common stock 15,000
Retained earnings 155,000
Dividends (20,000)
Total Equity 110,000
Liabilities
Non - Current Liabilities
Long-term notes payable 58,000
Total Non - Current Liabilities 58,000
Current Liabilities
Accounts payable 12,000
Interest payable 4,000
Total Current Liabilities 16,000
Total Equity and Liabilities 249,500
Explanation:
The following appear in the Balance Sheet.
- Assets
- Liabilities
- Equity
When preparing the Balance Sheet remember the Accounting Equation : Assets = Equity + Liabilities.,