The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875
Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750
fixed cost=120,000−93,750=26,250
The correct words to fill in
the blank are:
<u>“social
role theory”</u>
<span>Social role theory is a perspective in
social psychology which considers men and women to act differently in social
situation and take different roles due to the expectations that society puts on
them. In this case, Karen expects women to take feminine roles.</span>
Answer:
Financial accounting refer to the financial statement while, managerial is more focus into internal reports
In details, the most difference are as follows:
Aggregation.
Financing reports on the complete firm. While Managerial; at product, division or customer level.
Proven information.
Financing require certain criteria to ensure precision. It need to prove correct to third parties. While Managerial uses budget, forecast and estimated values.
Reporting focus.
Financial accounting is oriented toward outside
Managerial accounting analysis stays within a company.
Legislation:
Financial accounting faces the GAAP, IFRS and heavy legislation.
Managerial accounting doesn't
Time period.
Financial accounting has a historical orientation their reports are resumes of past transactions and operations.
Managerial accounting has a future orientation.
Timing.
Financial Statement are done at end of an accounting period.
Managerial accounting issues on demand of the board or supervisor.
Answer:
The invention balance sheet as at 31 December is $923,000
Explanation:
In this question, we are asked to calculate the amount of money Beck company will report in its balance sheet as of December 31st.
To do this, we simply employ a mathematical approach.
Mathematically, the amount of inventory recorded by Beck company on its balance sheet as of December 31st would be;
Inventory in stores + Goods in consignment + Good in transit F.o.b shipping point
We identify these values as follows;
Inventory in stores = $740,000
Goods in transit f.o.b shipping point = $108,000
Goods in consignment = $75,000
The amount of inventory Beck company should record will be; $740,000 + $108,000 + $75,000 = $923,000
Ion really get your question
