Which of the following are necessary for production to take place?

A variable costing income statement ______. Multiple select question. calculates contribution margin, while the absorption costi

pav-90 [236]

Answer:

calculates contribution margin while the absorption costing income statement calculates gross margin

focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs

Explanation:

variable costing income statement can be regarded as statement whereby all variable expenses are been removed from revenue so that separately-stated contribution margin can be gotten. And all fixed expenses are also removed so that net profit/ loss for that particular period can be known. While absorption costing income statement utilize absorption costing in creating

income statement.

6 0

3 years ago

Carmen manufactures a unit called A2. Variable manufacturing costs per unit of A2 are as follows:The Don Company has offered to

myrzilka [38]

Answer:

Accepted

Explanation:

In this question, we have to compare the make or buy options which are shown below:

Particulars Make Buy

Direct materials (5,000 units × $1) $5,000

Direct labor (5,000 units × $10) $50,000

Variable manufacturing overhead

(5,000 units × $5) $25,000

Fixed manufacturing overhead $60,000 $110,000 (5,000 units × $22)

Total $140,000 $110,000

Since in buy decision, the cost is minimum. So, the company should accept this offer

8 0

3 years ago

In an insurance contract, the person buying the insurance is called the

irakobra [83]

True explanation: one you have bought insurance you are insured to a house life plan etc, they company you bought the insurance from is the insurer because they are giving you the insurance

6 0

2 years ago

Read 2 more answers

The sentences in the following paragraph have been purposely placed in the wrong order. Examine key terms and transitional devic

jolli1 [7]

Answer:

Rearrangement of the sentences so that the paragraph moves smoothly and logically from one sentence to the next:

(4) A storage battery is a relatively efficient way of storing energy.

(3) The overall process yields about 70 percent of the electricity originally put into the battery.

(2) However, the most challenging technical problem is achieving substantial increases in the quantities of electrical energy that can be stored per unit weight of the battery.

(1) If such improvements could be achieved, the consequences would be significant for many different applications.

Explanation:

A paragraph must have a main topic, which is captured in the topic sentence. This main sentence puts forward the thesis or the claim that is being made by the author. This is closely followed with supporting evidence and examples. The author can then introduce a counterclaim. Every good paragraph follows some logical patterns to convey the intended information to the readers.

8 0

3 years ago

The Maurer Company has a long-term debt ratio of .60 and a current ratio of 1.20. Current liabilities are $940, sales are $5,120

garri49 [273]

Answer:

The amount of the firm's net fixed assets is $4,321

Explanation:

Profit margin = Net income/ Sales

Net income = Profit margin x Sales = 9.30% x $5,120 = $476.16

ROE = Net Income/Equity

Equity = Net Income/ROE = $476.16/16.90% = $2,818

Long-term debt ratio = Long-term debt/Equity

Long-term debt = Long-term debt ratio x Equity = 0.6 x $2,818 = $1,691

Basing on accounting equation:

Total asset =Current Liabilities + Long-term debt + Equity = $940 + $1,691 + $2,818 = $5,449

Current ratio = Current asset/Current Liabilities

Current asset = Current ratio x Current Liabilities = 1.2 x $940 = $1,128

Fixed assets = Total asset - Current asset = $5,449 - $1,128 = $4,321

5 0

3 years ago