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3 years ago

What are variable costs?

Business

1 answer:

RUDIKE [14]3 years ago

6 0

Answer:

C) costs that change based on production

Explanation:

Variable costs are business expenses that are directly proportional to the production level. They increase or decrease with changes in the level of production. Variable costs consist mostly of the direct cost of production.

Examples of variable costs are packaging, raw materials and direct labor. Should production increase, variable costs increases. Variable costs contrast fixed costs, which do not change regardless of the level of production. Total variable cost is obtained by multiplying the total output by variable cost per unit.

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Food Fanatics caters meals where their cost of producing an extra meal is $25. Each of their meals is standard and sells for $20

ollegr [7]

Answer:

Explanation:

The marginal cost of producing food is $25, which is greater than the price of selling the food.

At this point the firm is incurring a loss. In order to improve profit margins, the firm should reduce the amount of meals been produced, so that profit would increase

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4 years ago

What is the held idea that every person should have the opportunity to pursue their goals in an organization?

Lostsunrise [7]

Answer:

Equality

Explanation:

Equality in the workplace means coworkers are free to express themselves without fear or discrimination. Employees are effectively allowed to pursue their goals in the office.

When an employee experiences discrimination he has the right to take legal action.

Everyone should have access to the same compensation, same opportunities, and accepted dispite their differences.

7 0

3 years ago

In the airline industry, frequent flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are _____

baherus [9]

Answer:

valuable, rare

Explanation:

In the airline industry, frequent flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are <u>valuable</u> but no longer <u>rare</u>.

A frequent-flyer program (FFP) is offered by an airline to encourage airline customers to accumulate points which may then be redeemed for air travel or other rewards.

An e-ticket known as an electronic ticket enables passengers to buy tickets at their comfort.

3 0

3 years ago

Wisconsin Company has a current production capacity level of 200,000 units per month. At this level of production, variable cost

trasher [3.6K]

about $18,000 Wisconsin Company's increase in operating income.

Operating profit refers to the company's adjusted earnings after deducting all operating expenses and depreciation. Operating expenses or operating expenses are simply the costs incurred to keep a business running.million and $250,000 operating expenses. The company's operating income is $1 million minus $250,000 or $750,000.

Operating profit measures a company's ability to generate profit from its operations. Many business owners use the operating profit metric to measure the operational success of their business. Investors and creditors may want to see your company's operating income.

Learn more about operating income here: brainly.com/question/25895372

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7 0

1 year ago

The following totals for the month of April were taken from the payroll records of Kingbird Company. Salaries $88800 FICA taxes

ch4aika [34]

Answer: A) debit to Salaries and Wages Expense for $88,800

Explanation:

When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.

The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.

The Journal entry will therefore be;

Debit Credit

April 30 Salaries and Wages Expense 88,800

FICA Taxes withheld 6,790

Income taxes withheld 18,500

Medical Insurance deductions 3,300

Salaries and Wages Payable 60,210

8 0

3 years ago