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alexgriva [62]
3 years ago
15

Which of the following statements is true regarding variable costing?Multiple Choice

Business
2 answers:
pentagon [3]3 years ago
8 0

Answer:

a

Explanation:

Citrus2011 [14]3 years ago
8 0

Answer:

B.Only manufacturing costs that change in total with changes in production level are included in product costs

Explanation:

Variable costing is an accounting methodolgy that only charges variable costs to invetory, so it is a tricky way to do the accounting because it does not take all of the variables into consideration in order to be able to price something, it doesn´t take all of the costs of the company in the cost of producing their products, so that is why it is not traditional or popular accounting system.

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1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prep
Nat2105 [25]

Answer:

Cost of goods manufactured= $3,120

COGS= $2,750

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Cost of goods manufactured:

beginning WIP= 0

direct materials= 2,200

Direct labor= 1,000

Factory overhead= 520

Ending work in process= 600

Cost of goods manufactured= $3,120

<u>Now, we can determine the cost of goods manufactured:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 3,120 - 370

COGS= $2,750

4 0
3 years ago
Peg and Al Fundy have a limited food budget, so Peg is trying to feed the family as cheaply as possible. However, she still want
Inga [223]

Answer:

A) we requiere to fulfill the Vitamint contrains or surpass them A => 12 C=>6

B) we request that instead of fullfilling the vitaming requirement to be 12/6 or more

to be exactly for this amount.

Explanation:

We set up the situation in excel Solver with the following constraing:

     1        2      3      4

A    3 3 1 7

B    3 1 1 1

C        12 6 24

C2 = A1*A2 + B1*B2

C3 = A1*A3 + B1*B3

C4 = A1*A4 + B1*B4

common constraing:

C4 min

A1 = integer

B1 = integer

A) constraing

C2 => 12

C3 =>6

B) contraing to achieve the exact value for each vitamin:

C2 = 12

C3 =  6

4 0
4 years ago
Using word of mouth for finding a job is helpful because _____.
leonid [27]
So that you can talk to the person offering the job
7 0
3 years ago
Which of the following is a step in the investment planning process?
dalvyx [7]
A.  You have to know how much risk you are willing to take in order to figure out what sort of investments will fit your needs.

b-d are not only wrong, but very poor strategies in general.
8 0
4 years ago
3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y
saw5 [17]

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

3 0
3 years ago
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