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Levart [38]
3 years ago
11

Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Tota

l Cost/UnitDirect materials $5,000 $5.00 $25,000 $5.00Utilities expense $1,000 $1.0 0 $3,750 $0.75Rent expense $4,000 $4.00 $4,000 $0.80Based on this information:a. Both direct materials and rent expense are variable costs.b. Utilities expense is a mixed cost and rent expense is a variable cost.c. Utilities expense is a mixed cost and rent expense is a fixed cost.d. Direct materials is a fixed cost and utilities expense is a mixed cost.e. Both direct materials and utilities expense are mixed costs.
Business
1 answer:
gayaneshka [121]3 years ago
4 0

Answer:

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

Explanation:

Seacrest Enterprises

                                        1000 units                       5000 Units

                  Total Cost     Total Cost /Unit     Total Cost       Total Cost/Unit

Direct materials  $5,000               $5.00        $25,000          $5.00

Utilities expense  $1,000                 $1.0 0        $3,750            $0.75

Rent expense        $4,000                    $4.00         $4,000            $0.80

Direct Materials show variable Costs

Utilities expense show mixed costs

Rent Expense show fixed costs

The correct answer is

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

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garik1379 [7]

Answer:

The correct answer to the following question is option A) Identifying - Recording - Communicating .

Explanation:

An accounting process can be defined as series of activities which begins with identifying a transaction and ends with books closed. This process is also called accounting cycle because this process is done every financial reporting period. Here the first step would be to identify a transaction, then getting source document of transaction ready, after that classifying the transaction , then recording it by making journal entries, which would then lead to preparation of ledger, trial balance and other financial statements etc.

3 0
3 years ago
Under the uniform capitalization rules applicable to taxpayers with property acquired for resale, which of the following costs s
pashok25 [27]

Answer:

The correct answer is A

Explanation:

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So, the costs which is to be capitalized in respect to inventory are the repacking cost, which is involved in the indirect supplies and other materials and the off site storage cost is involves in the rental of the facilities and equipment.

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2 years ago
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2 years ago
Alpha Corporation reported the following data for its most recent year: sales, $670,000; variable expenses, $420,000; and fixed
MariettaO [177]

Answer:

the degree of operating leverage is 5

Explanation:

The computation of the degree of operating leverage is given below:

= Contribution margin ÷ EBIT

= (Sales - Variable expense) ÷ (Sales - Variable expense - Fixed expense)

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= $250,000 ÷ $50,000

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