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jeka57 [31]
4 years ago
11

Under variable costing income statements, product cost would include Direct materials only Direct materials, direct labor and fi

xed manufacturing overhead Direct materials and direct labor Direct materials, direct labor, fixed manufacturing overhead and fixed selling and administrative expenses
Business
1 answer:
pantera1 [17]4 years ago
4 0

Answer:

Direct materials and direct labor.

Explanation:

A variable cost is the one that vary depending on the level of production or sales. The cost increase or decrease according to the level of volume change.

The variable costing charges only direct costs (material, labour and variable overhead costs) into the cost of a product. It is lower than the cost calculated under absorption costing, that also include fixed manufacturing overhead.

Fixed manufacturing overhead is considered as a periodic cost and charged from the periodic gross profits.

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How do financial managers tend to value all assets in the same terms?a. By evaluating cash flowsb. By qualifying cash flowsc. By
sammy [17]

Answer:

a. By evaluating cash flows.

Explanation:

In Economics, an asset can be defined as any resources of economic value or items of monetary value that is being owned by an individual, country or business organization to generate income and derive benefits from.

Generally, assets can be classified broadly into four (4) categories and these are; capital assets, fixed assets, intangible assets, and financial assets.

Financial managers tend to value all assets in the same terms by evaluating cash flows.

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three (3) main components of the cash flow; investing, operating and financing.

5 0
3 years ago
If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion,
Vitek1552 [10]

Answer:

$36 billion

Explanation:

The computation is shown below:

For this question, we use the income approach for calculation the wages i.e shown below:

GDP = Interest payments + profits + rent + wages

$65 billion = $15 billion + $7 billion + $7 billion + wages

$65 million = $29 billion + wages

So, the wages would be

= $65 billion - $29 billion

= $36 billion

3 0
3 years ago
Companies must prioritize and determine the performance dimensions on which they will focus and excel. Each performance dimensio
gladu [14]

Answer:

Quality.

Explanation:

Garvin´s definitions of quality based on the perspective of the viewer (perception is reality):

-Transcendent. quality is intuitively understood but nearly impossible to communicate.

-Product based. quality is found in the components and attributes of a product.

-User based. if the costumer is satisfied, the product has good quality.

-Manufacturing based. if the products conforms to desing specifications, it has good quality.

-Value based. if the product is perceived as providing good value for price, it has a good quality.

Garvin´s dimensions of product quality are:

Performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.

These different dimensions of quality are not mutually exclusive.

6 0
3 years ago
Relationship between risk and return
Svetlanka [38]

Answer:

Generally, the higher the potential return of an investment, the higher the risk. There is no guarantee that you will actually get a higher return by accepting more risk. Diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

7 0
3 years ago
The attitudes that Ryan's customers develop after they have purchased his yearly lawn care service will become the basis for det
aniked [119]

Answer: Reliable

Explanation:

According to the above analysis, Ryan's customers develop would only renew their yearly lawn care service based on the attitude they develop. Based on this, Ryan needs to be reliable by quickly addressing problems that occur.

Reliability has to do with trusting someone to b competent, accurate, trustworthy and performs consistently well. When the customers realize that Ryan is a reliable person, they'll renew their lawn care service.

6 0
3 years ago
Read 2 more answers
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