Answer:
E) I, II, and III.
Explanation:
Variable costing can be regarded as a concept of managerial accounting cost
whereby during the period of producing the product there is incurred
manufacturing overhead.
Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.
It should be noted that
I. A variable-costing income statement discloses a firm's contribution margin.
II. Cost of goods sold on an absorption-costing income statement includes fixed costs.
III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.
Answer:
increase
Explanation:
Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even formula is below;
Break-even = Fixed cost / (Sale price - Variable cost)
If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.
Answer:
Yes
Explanation:
Enjoy your day. Thanks for the question
A retail value chain represents the total benefits offered to consumers through a channel of distribution
Answer:
€4,883,000
Explanation:
The computation of cost of sales is shown below:-
Inventory = 35,000 ÷ €12
= 2,917 units
Weighted average cost of inventory
= (2,917 × €12) + (35,000 × €14)
= €35,004 + €490,000
= €525,004
So weighted average cost = €525,004 ÷ €40,833.33
= €12.85
So, cost of sales = weighted average cost × sold units
= €12.85 × 38,000
= €4,883,000
