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fenix001 [56]
3 years ago
14

Select cost information for seacrest enterprises is as follows: 1,000 units of output 5,000 units of output total cost/unit tota

l cost/unit direct materials $5,000 $5.00 $25,000 $5.00 utilities expense $1,000 $1.00 $3,750 $0.75 rent expense $4,000 $4.00 $4,000 $0.80 based on this information: select one:
a. both direct materials and rent expense are variable costs.



b. utilities expense is a mixed cost and rent expense is a variable cost.



c. utilities expense is a mixed cost and rent expense is a fixed cost.



d. direct materials is a fixed cost and utilities expense is a mixed cost.



e. both direct materials and utilities expense are mixed costs.
Business
2 answers:
nasty-shy [4]3 years ago
3 0

Answer:

Not sure but I think is B. again not sure

Explanation:

Gnoma [55]3 years ago
3 0

Answer:

C) utilities expense is a mixed cost and rent expense is a fixed cost.

Explanation:

                         1,000 units of output           5,000 units of output

                         direct materials                    direct materials

                         $5,000     $5.00                   $25,000      $5.00

                        utilities expense                    utilities expense

                         $1,000       $1.00                    $3,750        $0.75

                         rent expense                          rent expense

                         $4,000       $4.00                  $4,000        $0.80

Utilities expense is a mixed expense since it has a fixed amount + a variable amount, that is why average utilities expenses cost per unit decreases only a little as the number of units produced increase. For 1,000 units the utilities expense = $1,000, while as the units increase, the utilities expense increases to $3,750, but the average cost per unit decreases from $1 to$0.75.

Rent expense is a fixed cost, since it is equal to $4,000 no matter how many units are produced.

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Answer:

A. $7,350

Explanation:

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2 years ago
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Answer:

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The journal entry to record this transaction would be:

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Cash                 $2,900,300  

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Explanation:

In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:

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Scarbrough will receive and record cash of $538,685

According to the given data to journal entry to record this transaction would be the following:

 

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Cash                 $2,900,300  

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Answer:

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