All categories

4 years ago

_____ remain constant regardless of how many products are sold

1 answer:

7 0

Fixed cost remained constant regardless of how many products are sold. Fixed cost is a cost behavior which always emerged regardless of the quantity product sold. Machine depreciation expense, insurance expense, and rent expense are several examples of this cost behavior. On the contrary, variable cost is an another type of cost behavior that changes relating to the quantity of the sold product.

You might be interested in

Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The followi

jok3333 [9.3K]

Answer:

1. $28

2. $278,040

3. $7,560 under-applied

4. $8.8536

Explanation:

The computation is shown below

1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)

= $285,600 ÷ 10,200 hours

= $28

2. The applied overhead would be

= Actual direct labor-hours × predetermined overhead rate

= 9,930 hours × $28

= $278,040

3. The over applied or under applied would be

= Actual manufacturing overhead - applied overhead

= $285,600 - $278,040

= $7,560 under-applied

4. Total cost per unit would be

= (Prime Cost + Applied Overhead) ÷ (Number of units)

= ($1,050,000 + $278,040) ÷ (150,000 units

= $1,328,040 ÷ 150,000 units

= $8.8536

7 0

3 years ago

A bank service charge of $10 would be included on the bank reconciliation as a(n):_____.

iris [78.8K]

A bank service fee of $10 would be included on the bank reconciliation as on the last day of the bank statement

<h2>What exactly does a bank reconciliation include?</h2>

Starting with the bank's ending cash balance, adding any deposits that are currently being made up of the company to the bank, subtracting any checks that haven't yet been cleared by the bank, then either adding or subtracting any other items completes the basic process flow for a bank reconciliation.

<h3>A bank reconciliation is what?</h3>

At the conclusion of every month, a business should perform a bank reconciliation, which is that the process of confirming the correctness of both the bank statement and the cash accounts.

The most frequent reasons why the ending bank balance and ending book balance of cash differ.

Learn more about bank reconciliation :

brainly.com/question/15525383

#SPJ4

7 0

2 years ago

What is a product item?

Vsevolod [243]

Answer:

Explanation:

A product item is a specific version of a product that can be designated as a distinct offering among an organization's products. A product line is a group of closely related products offered by an organization.

5 0

3 years ago

Cities are municipal corporations that operate under _______ from the state.

Soloha48 [4]

Cities are municipal corporations that operate under C. Charters from the state.

3 0

3 years ago

Read 2 more answers

Mercury Corporation issued 7,000 shares of no-par common stock for $15 per share. Mercury also issued 2,800 shares of $70 par, 6

inessss [21]

Answer:

Issue of 7,000 shares of no-par common stock for $15 per share

Financing Activity (FA).

Issue of 2,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share

Financing Activity (FA)

Explanation:

Issue of 7,000 shares of no-par common stock for $15 per share

This represents capital funding and is included in the Cash Flow Statement as Cash Flow from Financing Activity.

Issue of 2,800 shares of $70 par, 6 percent noncumulative preferred stock at $80 per share

This transaction also represents capital funding and is included in the Cash Flow Statement as Cash Flow from Financing Activity.

7 0

3 years ago

Read 2 more answers