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3 years ago

LO 2.2Variable costs are expenses that ________.

Business

1 answer:

sleet_krkn [62]3 years ago

8 0

Answer: A: remain constant on a per-unit basis but change in total based on activity level

Explanation: A Variable cost is a cost an organisation incurs that is affected by fluctuations in production and so changes between given periods.

variable costs are not consistent but fluctuates in relation to the production activity of an organisation. Variable costs increases as production level increases and vise versa.

Costs associated with variable costs are those that contribute directly to the goods or service being offered by a business and therefore differ from period to period.

The total costs a company incurs are divided into Variable costs and Fixed costs. variable costs are costs incurred on raw materials, commission, labour, packaging and shipping while fixed costs are costs incurred on rent, salaries, repairs and maintenance, electricity etc.

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The causes of frictional unemployment include:

RideAnS [48]

Answer:

The answer to your question is B - Changes of economic structure.

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3 years ago

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000

Nataly [62]

What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?

a. $30,000

b. $ 3,000

c. $ 3,000,000

d. $300,010

Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.

Learn more about inventory here

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5 0

1 year ago

June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20

inn [45]

Answer: 200 units

Explanation:

Beginning inventory 80 units.

Company Purchases <u>480 units</u>

Total 560 units

Sales <u>(360 units)</u>

Ending Inventory 200 units

200 units remain in Ending inventory.

7 0

3 years ago

Theâ€‹ short-run aggregate supply curve slopes upward because of all of the following reasons except

ololo11 [35]

Answer:

B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.

Explanation:

The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.

An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).

3 0

4 years ago

Read 2 more answers

Which of these statements about pipeline inventory is best? A. Changing an item's lot size does not directly affect the average

Eddi Din [679]

Answer: Changing an item's lot size does not directly affect the average level of the pipeline inventory.

6 0

2 years ago