Answer:
The correct answer is a. variable cost changes with production activity and fixed cost remains constant.
Explanation:
The fixed cost is constant and does not changes with the output level. It remains constant through out the production process. fixed costs are those expenses which are paid independent of activity. So it is not affected by quantity of production.
While on the other hand variable cost is the cost of raw materials and other inputs. So, it changes with the level of production.
Answer:
Emily would be able to know if the residential market in Albany is depreciating through the actions of investors in that sector. In a situation where people are no longer willing to invest in Albany, through purchase of houses, it shows that the residential market is depreciating. <em>Also, when there are lack of buyers of residential houses is another factor indicating depreciation.</em>
Explanation:
Answer:
income = 500,000
Explanation:
Income = sales - expenses
In this case, we are given with the three cost component, we add them together to get the total cost, or total expenses for the period.
Then we calculate the difference with the revenue and obtain the net income.
sales 10 millions
direct materials 3.5 millions
direct labor 2.5 millions
overhead <u> 3.5 millions </u>
total cost 9.5 millions
net income 0.5 millions = 500,000
The Correct Answer is Option D. (Job-Cost record)