Answer:
E) I, II, and III.
Explanation:
Variable costing can be regarded as a concept of managerial accounting cost
whereby during the period of producing the product there is incurred
manufacturing overhead.
Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.
It should be noted that
I. A variable-costing income statement discloses a firm's contribution margin.
II. Cost of goods sold on an absorption-costing income statement includes fixed costs.
III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.
Answer:
Exploratory
Explanation:
Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors and the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use exploratory research.
Exploratory research is the kind of research where an unknown phenomenon is worked upon. In this case, Sheena does not know the effects of prices on sales. Therefore she carries out exploratory research to fill in the blanks.
Hallucination is the term in which perceptions are experienced by people without the appropriate external stimuli. In addition, the auditory people are considered to be most affected by schizophrenia wherein it is an illness that causes an individual to think and behave improperly.
Answer: A. It has a competitive advantage in the industry
Explanation:
From the question, we are informed that the average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents and that Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents.
The scenario shows that Water Inc has a competitive advantage in the industry. This is seen as the bottle of water is produced at a cheaper cost wen compared to its rivals.
Answer:
The cost of an slice of pizza is $3.94
Explanation:
Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".
And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.
Where: P = pizza slices and D= soft drinks
We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.
First equation
And the second one:
And now, we substract them and solve.
The cost of a slide of pizza is $3.94
In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:
The cost of a soft drink is $1.94
Best of luck.
