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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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Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period,

MaRussiya [10]

Answer:

Total equivalent units= 11,890

Explanation:

Giving the following information:

Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.

The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.

To calculate the equivalent units, we need to multiply the % complete for the number of units started:

Units completed= 10,200

Units in ending inventory= 2,600*0.65= 1,690

Total equivalent units= 11,890

5 0

3 years ago

A firm that has the ability to control to some degree the price of the product it sells

Llana [10]

I believe the answer is Monopolist.

8 0

3 years ago

Usually, price elasticities of supply areA) positive, because higher prices yield larger quantities supplied.B) considered short

Anna35 [415]

Answer:

A) Positive, because higher prices yield larger quantities supplied.

Explanation:

The correct answer to the question is A) Positive, because higher prices yield larger quantities supplied. The price elasticity of supply determines the change in price as a response to the change in supply of the good or service supplied. This is usually calculated in a figure that determines that if price increases what will be the impact on its supply, which usually is a positive figure.

3 0

3 years ago

Having the benefit of a tutor or coach who models how to do do things such as setting goals, developing strategies, formulating

Elanso [62]

Answer:

SELF - REGULATION

Explanation:

Self - regulation

This involves controlling one's behavior, emotions and thinking in the pursuit of a goal or objective. Self regulation involves setting goals, developing strategies, formulating implementation intention, monitoring performance, and evaluating how well one is doing and so on. It involves knowing techniques that helps adjust one physically, mentally and emotionally in various conditions in order to promote general well being. It also involves managing one's self.

5 0

3 years ago

Saturn Industries purchased and consumed 64,000 gallons of direct material that was used in the production of 17,000 finished un

Nikitich [7]

Answer:

The actual price = $1.08

Explanation:

The standard material price can be worked out as follows:

Step 1: Work out the standard price of material using the material usage variance

Standard price = Material usage variance/(standard quantity of material - actual quantity)

Standard quantity of material = standard qty per unit × actual production

= 4 × 17,000 =68,000

Standard price = 2,800/(68,000-64,000)= $0.7

Step 2 : Work out the Actual material price using the material price variance

Material price variance = (Standard price - Actual price )× Actual quantity of material

6,400 = (y - 0.7) × 17,000

6400 = 17,000y - 11,900

17,000 y = 6,400 + 11,900

y = 18,300/17,000= 1.08

The actual price = $1.08

5 0

3 years ago