All categories

3 years ago

EB4.

Business

1 answer:

avanturin [10]3 years ago

6 0

Answer:

Fixed and Variable cost:

Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.

Variable cost are the costs which changes with change in the level of output produced and sold.

Product and Period cost:

Product costs are the costs which are incurred for making the product such as direct material, factory overhead and direct labor, etc.

Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

(a) Variable cost - Product cost

(b) Variable cost - Product cost

(d) Fixed cost - Period cost

(e) Fixed cost - Period cost

(f) Fixed cost - Period cost

(g) Variable cost - Product cost

(h) Fixed cost - Period cost

(i) Fixed cost - Period cost

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Data and Calculations:

Pre-tax discount rate = 5% p.a., excluding inflation

Inflation rate = 2% p.a.

Inflated discount rate = 7% (5% + 2%)

Salvage value = Eur 20,000

Projected cash inflows:

Year Cash Inflows Discount Factor Discounted Cash flows

20X4 Eur 72,000 0.935 $67,320

20X5 Eur 69,000 0.873 60,237

20X6 Eur 64,000 0.816 52,224

20X7 Eur 59,000 0.763 45,017

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20X10 Eur 20,000 0.582 11,640

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Thus, the Swimmers Co. will calculate the boat's value in use as Eur 321,221, taking into account all the discounted cash inflows.

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