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3 years ago

Which of the following statements is true?

Business

1 answer:

Ivan3 years ago

7 0

Answer:

Statement b. is True

Explanation:

When using variable costing method, all the costs which are variable in nature is charged based on per unit basis and is not periodic in nature, as depends o quantum of production and sales.

While considering fixed cost, it is considered periodic in nature as this does not depend on quantum of production or quantum of sales, as this is fixed in terms for a period it is periodic in nature, and is treated unavoidable even at a level where no units are produced.

Thus, Statement b. is True.

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Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during Ma

Salsk061 [2.6K]

Answer:

The correct answer is $473 (Unfavorable).

Explanation:

According to the scenario, the given data are as follows:

Actual overhead = $11,183

Budgeted Overhead = $10,710

So, we can calculate the controllable variance by using following formula:

Controllable variance = Actual overhead - Budgeted overhead

By putting the value, we get

Controllable variance = $11,183 - $10,710

= $473 ( Positive shows unfavorable)

= $473 (unfavorable)

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3 years ago

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Answer: $51,400

Explanation:

Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.

The formula for Closing balance is:

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Making Credit sales the subject will make the formula:

Credit sales = Credits to account receivable + Closing balance - opening balance

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2 years ago

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Answer:

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Explanation:

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Answer:

Explanation:

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2 years ago