1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babymother [125]
3 years ago
9

Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each c

ost as either a period or a product cost.
1. Hamburger buns in a Wendy's outlet. 2. Advertising by a dental office. 3. Apples processed and canned by Del Monte. 4. Shipping canned apples from a Del Monte plant to customers. 5. Insurance on a Bausch & Lomb factory producing contact lenses. 6. Insurance on IBM's corporate headquarters.
Business
1 answer:
masha68 [24]3 years ago
7 0

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and the fixed costs. The variable cost is the cost which changes when the level of production changes, whereas the fixed cost is the cost which remains constant whether the level of output changes or not.

The variable costs also include indirect products, indirect labor and manufacturing equipment, and the fixed costs include taxes and depreciation costs.

The period cost is that cost which is related to the selling and admin expenses plus it is not capitalized.

Whereas the product cost is a mix of direct labor, direct material and the manufacturing overhead

So, the categorization is shown below:

1. Hamburger buns in a Wendy's outlet. = variable and product cost

2. Advertising by a dental office. = Fixed and period cost

3. Apples processed and canned by Del Monte. =  variable and product cost

4. Shipping canned apples from a Del Monte plant to customers. = variable and period cost

5. Insurance on a Bausch & Lomb factory producing contact lenses. = fixed and product cost

6. Insurance on IBM's corporate headquarters.= fixed and period cost

You might be interested in
List of marketing collateral needed for new territory
Masja [62]
Consider your objective generate more leads, demonstrate thought leadership, increase online visibility, close a sale, create brand awareness and provide customer education. know your budget and what you can spend and what you can't spend understand your customer
5 0
3 years ago
Cost of debt For which capital component must you make a tax adjustment when calculating the weighted average cost of capital (W
professor190 [17]

Answer:

your dog

Explanation:

because its your dog

5 0
3 years ago
On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
sammy [17]

Answer:

Cash account in the amount of $10,100

Explanation:

The journal entry to be recorded for the receipt of payment is as:

Cash A/c.............................................Dr $10,100

        Note receivable A/c...................Cr  $10,000

        Interest Revenue A/c..................Cr  $100

Being recoded the receipt of payment

As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.

Computation of interest revenue is as:

Interest revenue = Amount × % of note × Days / Number of days in a year

= $10,000 × 6% × 60 / 360

= $100

Note: Assume 360 days in a year

3 0
3 years ago
B2B markets differ from B2C markets because: Group of answer choices salespeople personally call on business customers to a far
yKpoI14uk [10]

Answer:

salespeople personally call on business customers to a far greater extent than they do consumers.

Explanation:

Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.

Under the B2B sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.

On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.

6 0
3 years ago
Which of these is an example of a variable expense calculated in an organizational budget?
Ierofanga [76]
In an organizational budget, variable expenses are the total cost that depended on the amount of goods produced.
Example of variable expenses are:
- Raw material expenses
- Cost of plastic to make a handphone case
- Cost of carrots if the company is selling carrot pies
- etc
8 0
3 years ago
Other questions:
  • Justin is in charge of the central region, with several dozen stores reporting to him. Last year, he analyzed sales data for dem
    8·1 answer
  • 3)You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one y
    9·1 answer
  • Currently, in the United States, the greates volume of goods and services are shipped by
    10·1 answer
  • Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
    6·1 answer
  • 2 Points
    11·1 answer
  • Corporate-level managers use ______ to summarize sales by region, current inventory levels, and other company-wide metrics all i
    13·1 answer
  • Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end
    13·1 answer
  • 1. Explain why businesses pay overtime rates rather than employ more workers on the lower standard wage rate?
    13·2 answers
  • At the end of the closing process, Income Summary will hold a balance.
    14·1 answer
  • Solving for the sales level needed to achieve a profit of zero is the same process as solving for the sales level needed to ____
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!