Answer: Variable costing treats fixed overhead as a period cost.
Explanation:
The variable costing system is the process which included all the variable like the production cost and the direct labor. The cost are used as the period cost in the fixed overhead and they are charge in terms of the income in the variable costing. And in this method the product cost are not used as the fixed overhead but it is used as the period cost.
Answer:
C) $1,455.08
Explanation:
Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]
Putting the figures in the formula =
$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]
=> $70 = P (1.326209535) * 0.142/12 / 0.326209535
=> $70 = P * 0.0156934795 / 0.326209535
=> P = $1455.08
So, the maximum initial purchase that Carla can buy on credit = $1455.08
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Showing up and being on time will serve as proof of your dedication to your job as well as a reflection of your character. It shows that you are committed to your job and is an asset to your employer.
The three methods used to classify costs into their fixed and variable components include:
- scatter diagrams
- high-low method
- regression analysis
<h3>What is a
costs classification?</h3>
This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.
Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.
Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.
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