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Stels [109]
4 years ago
14

Period costs include

Business
1 answer:
gayaneshka [121]4 years ago
3 0

Answer:

d) operating costs that are shown on the income statement in the period in which they are incurred.

Explanation:

A period cost is that which does not relate to a particular product but rather to a passage of time.

Period costs are often costs that a firm would incurred simply because it is operational and not because goods are sold. For example, whether or not a bakery produces bread, it will have to pay for rent , salaries of administrative workers, provide for depreciation of plant and machines e.t.c.

Period costs are charged are charged to the income statement as expense in the period in which they are incurred. A very popular example of period costs are selling and administrative overheads

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Waterproof Roofing Company has provided the following​ information:
Katyanochek1 [597]

Answer:

(D) Operating income will increase by​ $27,300.

Explanation:

The sales increase will also generate an increase in the variable cost

The fixed cost, remaing unchanged against the volume of production. they do not increase or decrease at the factory level.

So the operating income will increase by the diffrence between sales and variable cost

sales increase will be:

779,000 x 10% = 77,900

variable cost increase:

506,000 x 10% = 50,600

increase in operating income 77,900 - 50,600 = 27,300

4 0
3 years ago
Problem 24-6A Payback period, break-even time, and net present value LO P1, A1
KengaRu [80]

Answer:

1. Payback period = 2.8 years

2. Break-even time = 3.8 years

3. NPV = $12,577

Explanation:

NOTE: See the attached excel file for the calculation tables.

1. Determine the payback period for this investment.

Payback period = 2 years and [(49,600 / 70,800) * 12] months = 2 years and 8 months approximately = 2.8 years.

2. Determine the break-even time for this investment.

Break-even time = 3 years and [(23,622 / 36,199) * 12] months = 3 years and 8 months approximately = 3.8 years

3. Determine the net present value for this investment.

Net present value (NPV) of this investment is $12,577

Download xlsx
6 0
3 years ago
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and c
DerKrebs [107]

Answer: a. Planning; b. Organizing; d. Controlling

Explanation:

Whenever people work to achieve a goal, various aspects of management are called into being. Ranging from planning to organizing etc.

Planning in simple is looking ahead.

It involves outlining a future course of action. It makes the things

to happen and involves formulating policies and procedures to achieve goals.

Organizing helps to achieve objectives by using available physical and human resources. When people work in groups, everyone in the group should

know what he/she is expected to achieve and with what resources. In

other words, organizing involves establishing authority-responsibility

relationships among people working in groups and creating a structural framework.

Control as a managerial function facilitates to know whether the actual performance is in conformity with the planned one so that, in the event of deviations, appropriate corrective measures could be taken. In the absence of adequate

control mechanism, unexpected changes in the environment may push the organisation off the track.

It is very observable how the Egyptians employed several management functions in building the ancient pyramids.

3 0
3 years ago
According to the eNotes, when a potential customer sees the line, but never joins the line because they think it looks too long
Natali5045456 [20]

Answer:

Balking

Explanation: Balking means the tendency of an individual not to do something or let something happen due to the circumstances he /she feels is not conducive for he/she.  if you balk at something, then you definitely do not want to do it

5 0
3 years ago
Tom sold his home for $140,000 paying a 7% real estate commission. He bought the home for $45,000, paid $2,000 in closing costs,
Igoryamba

Answer:

$48,200

Explanation:

Given:

Selling price of home = $140,000

Acquisition price = $45,000

Closing cost = $2,000

Cost of fireplace and family room = $35,000

Real estate commission = 0.07 × 140,000 = $9,800

Total adjusted basis  = 45,000 + 2,000 + 35,000 + 9,800

                                   = $91,800

Taxable gain = Selling price - adjusted basis

                      = 140,000 - 91,800

                      = $48,200

7 0
3 years ago
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