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IRINA_888 [86]
3 years ago
12

For each of the following costs incurred in a manufacturing firm, indicate whether the costs are most likely fixed (F) or variab

le whether they are most likely period costs (P) or product costs (M) under full absorption costing: Fixed (F) Variable (V) Period (P) Product (M) Cost Item a. Depreciation on the building for administrative staff offices. b. Cafeteria costs for the factory c. Overtime pay for assembly workers. d. Transportation-in costs on materials purchased e. Salaries of top executives in the company. f. Sales commissions for sales personnel g. Assembly line workers' wages h. Controller's office rental. i. Administrative support for sales supervisors j Energy to run machines producing units of output in the factory. Reterences eRook & Resources
Business
1 answer:
Murrr4er [49]3 years ago
8 0

Answer:

a. Depreciation on the building for administrative staff offices. (F) (P)

b. Cafeteria costs for the factory. (F) (M)

c. Overtime pay for assembly workers. (V) (M)

d. Transportation-in costs on materials purchased (V) (M)

e. Salaries of top executives in the company. (F) (P)

f. Sales commissions for sales personnel (V) (P)

g. Assembly line workers' wages (V) (M)

h. Controller's office rental. (F) (P)

i. Administrative support for sales supervisors (F) (P)

j Energy to run machines producing units of output in the factory. (V) (M)

Explanation:

Fixed Cost (F): Fixed cost is cost which is fixed and does not vary on the basis of production.

Variable Cost (V): Variable cost is cost which is not fixed and varies on the basis of production i.e. with the change in production, it also changes.

Product Cost (M): Product cost is a direct cost which is attributable directly in the creation of the product such as Direct Material, Direct Labour, etc.

Period Cost (P): A period cost is associated with the passage of time and is not included in the product cost, and is treated as an expense.

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Anastaziya [24]

Answer:

b. shift to the right.

Explanation:

A monopolistic competition is when there are many sellers of differentiated goods and services in an industry. Firms set the market price for their goods and services.

If firms leave the industry, the number of firms available to cater to consumers needs have reduced while the amount of consumers remain the same. Customers of the firms that exited the industry begin to patronize firms that are still in the industry. This leads to an increase in demand for existing firms and their demand curve shifts to the right.

I hope my answer helps you

4 0
2 years ago
Fiberone cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, crispix, and corn fl
Vsevolod [243]

Fiber one cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, Crispix, and corn flakes. this is an example of status quo pricing.

In status quo pricing, you choose to sell your product at a set price that everyone else is selling their product to.

An oft-cited example of status quo pricing is the soft drink industry. Prices for bottles of soda tend to be fairly constant, whether it's a Coca-Cola product or a Pepsi product. and Pepsi typically represents the status quo when it comes to pricing.

Learn more about total costing here: brainly.com/question/25109150

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6 0
1 year ago
10. A person who selects, purchases, uses, or disposes of goods or services is
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Answer:

consumer

Explanation:

a consumer buys and utilizes merchandise

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2 years ago
Equipment was purchased for $161500. Freight charges amounted to $5500 and there was a cost of $10000 for building a foundation
NISA [10]

Answer:

$27,800

Explanation:

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Cost of asset = $161500 + $5500 +  10000 =$177,000

$177,000 - $38000 = $139,000 / 5 =$27,800

depreciation expense each year would be $27,800

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