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stira [4]
3 years ago
15

Macon Vitamins sells a variety of vitamins and herbal supplements to small health food stores. Macon purchases the vitamins and

supplements from leading manufacturers. Identify each of the following costs incurred by Macon Vitamins in terms of its cost behavior—variable, fixed, mixed, or step.
a. Vitamin C tablets
b. President’s salary
c. Sales commissions ($1.00 per case)
d. Straight line depreciation on office equipment
e. Shipping (billed in 100-pound increments)
f. Advertising
g. Telephone charges (monthly fee of $35 plus long distance charges)
Business
1 answer:
ira [324]3 years ago
3 0

Answer:

The variable cost is the cost which increases or decreases with the level of output of a company. There is direct relationship between variable cost and output of a firm.

The fixed costs are the costs which remains the same with any level production.

A step cost refers to a cost which remains constant at a particular level and vary after that level.

A mixed cost is a combination of both variable and fixed cost. Such as electricity companies which charges a fixed amount as well as variable cost according to the units consumed.

Therefore, the list are as follows:

(a) Variable cost

(b) Fixed cost

(c) Variable cost

(d) Fixed cost

(e) Step cost

(f) Fixed cost

(g) Mixed cost

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The unadjusted trial balance for Sierra Corp. is shown below.
Fiesta28 [93]

Answer:

1. Dr Cost of goods manufactured 2000

             Cr    supplies                             2000

2.Dr  Insurance expense  100

           Cr    Prepaid insurance     100

3. Dr Depreciation expense  75

              Cr  Accumulated depreciation   75

4. Dr unearned revenue  800

                Cr   service income      800

5. Dr Account receivable 280

               Cr     Service revenue    280

6. Dr Interest expense    70

             Cr  Interest payable     70

7. Dr Salaries expense    1400

                Cr Salaries payable   1400

Explanation:

1. At the end of reporting 500 supplies were at hand (2500-500)= 2000 used and closes in to cost of goods manufactured.

2.Prepaid insurance was 600 and expires 100 of the month.(600-100)=500 will be prepaid.

4. Revenue is earned which was unearned and collection was recorded and liability created of that amount,this is done because of matching principle.

4 0
3 years ago
In keynes's view, a short-term budget deficit due to government spending or tax cuts is
Inessa [10]

In Keynes's view, a short-term budget deficit due to government spending or tax cuts is "sometimes necessary to help stimulate the economy".


Keynesian economics which is also known as Keynesianism depicts the theories related to economics presented by John Maynard Keynes. Keynes said capitalism is a decent financial framework. In a capitalist framework, individuals procure cash from their work. Organizations utilize and pay individuals to work. At that point individuals can spend their cash on things they want.

8 0
3 years ago
If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury
eduard

Answer:

may be liable for both the negligent and intentional acts.

Explanation:

In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior

Therefore the second option is correct

7 0
3 years ago
What term refers to the total compensation that an employee earns before their employer deducts taxes and withholdings?
NeX [460]

"Gross pay"

Gross pay is <em>before </em>taxes and withholdings, net pay (aka take-home pay) is what is left over <em>after </em>taxes/etc are taken out.

7 0
4 years ago
Read 2 more answers
In the short​ run, a firm in monopolistic competition​ ______. A. incurs an economic loss B. breaks even C. makes its output and
Dmitrij [34]

Answer:

D. always makes an economic profit

Explanation:

A monopolistically competitive markets consists of firms that sell differentiated products. In the market, there are free entry and free exist, but each firm enjoys a kind of monopoly its products which are the same to other products in the market but are different as a result of branding.

In the short run, the monopoly enjoys on the differentiated product enables the monopolistically competitive firm to make an economic profit. But due to free entry and exist in the market, the firm economic profit will be zero while it only make normal profit.

8 0
4 years ago
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