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3 years ago

Which of the following costs are most likely to be classified as variable?

Business

1 answer:

Salsk061 [2.6K]3 years ago

6 0

Answer:

Correct answer is D. Direct materials

Explanation:

Among the given choices, direct materials is most likely to be classified as variable cost. Direct materials are the supplies used in manufacturing products which can be directly identified in the output production. It is a main component which is traceable to create or produce products. Basically, all manufacturing industries used direct materials as their variable cost in their production.

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Suppose a company purchased land and a building for $20,000,000 cash. The appraised value of the building was $17,000,000, and t

sladkih [1.3K]

Answer:

The amount of the purchase price will be allocated to the Land account is $6,400,000

Explanation:

For computing the purchase price of the land, first we have to compute the weightage of both the fixed assets which are shown below:

For building = Appraised value of building ÷ total value of fixed assets '

= $17,000,000 ÷ $25,000,000

= 68%

where,

Total value of fixed assets = Appraised value of the building + appraised value of the land

= $17,000,000 + $8,000,000

= $25,000,000

For land = Appraised value of land ÷ total value of fixed assets '

= $8,000,000 ÷ $25,000,000

= 32%

So, the purchase price of the land equal to

= Total purchase price of fixed assets × weightage of land

= $20,000,000 × 32%

= $6,400,000

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3 years ago

Five workers from the machining department are brainstorming ideas to reduce waste. their ideas will be presented to their super

sattari [20]

The five workers comprised a self managed or self organized team in which this describes a small group or a group of people which are employees that discusses a plan in which is about activities or duties that they ought to do. Which is being done without any guidance of any higher authority. It is being described above for the group of employee has decided to discuss about their issue without the help of their supervisor.

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3 years ago

Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $60,000, and Retained

inessss [21]

Answer:

Explanation:

The stockholder's equity statement is composed of common stock and retained earnings. The ending balance shown in the attached spreadsheet, after modification.

The Ending balance of earnings retained = Starting balance of earnings retained + net income - dividend paid

And, Ending balance of common stock = Starting balance of common stock + issued stock

The preparation of the stockholders ' equity statement for the year ended December 31, 20Y7 is provided in the spreadsheet. The attachment below is:

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3 years ago

In Utah’s Arches National Park we can see many interesting shapes like this one. Many different things helped to shape this arch

sergeinik [125]

Answer:

if it isn't under water, wind

Explanation:

7 0

3 years ago

Read 2 more answers

A company is evaluating which of two alternatives should be used to produce a product that will sell for $35.00 per unit. The fo

Lady_Fox [76]

Answer:

a. 50,000 units

Explanation:

Breakeven point is the units required to be sold for the total cost to be equivalent to the sales. As such, break even is the point where profit/loss is nil.

Given information about product A;

Fixed cost = $500,000

variable cost per unit = $25

Selling price per unit = $35

Breakeven in units = fixed cost/(selling price per unit - variable cost per unit)

= 500,000/(35 - 25)

= 50,000 units

6 0

3 years ago