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3 years ago

Discuss the difference between fixed expenses and variable expenses as they relate to a budget.

2 answers:

8 0

Fixed expenses are those that dont change with changes in production level or sales volume, variable is the exact opposite.

SSSSS [86.1K]3 years ago

6 0

Fixed expenses are expenses that stay the same for a person or a business. An example of a fixed expense is rent/mortgage. This expense doesn't change if you are only usig the building for 2 weeks or the entire month, its a set rate. A variable expense is an expense that changes like an electric bill, it varies based on the month and usage. When you budget, you can easily budget for your fixed expenses but you need to allow some room in your budget for expenses that change.

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The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour

Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit = $800

Plastic: 10 kilograms at $10 per kilogram 100

Labor hours: 60 hours at $25 per hour 1,500

Manufacturing overhead applied $10 per 600

labor hour

Total Cost $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.

6 0

3 years ago

In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at t

Artemon [7]

Monopolistic competition is the economic market model with many sellers selling similar, but not identical, products. The demand curve of monopolistic competition is elastic because although the firms are selling differentiated products, many are still close substitutes, so if one firm raises its price too high, many of its customers will switch to products made by other firms. This elasticity of demand makes it similar to pure competition where elasticity is perfect. Demand is not perfectly elastic because a monopolistic competitor has fewer rivals then would be the case for perfect competition, and because the products are differentiated to some degree, so they are not perfect substitutes.

Monopolistic competition has a downward sloping demand curve. Thus, just as for a pure monopoly, its marginal revenue will always be less than the market price, because it can only increase demand by lowering prices, but by doing so, it must lower the prices of all units of its product. Hence, monopolistically competitive firms maximize profits or minimize losses by producing that quantity where marginal revenue equals marginal cost, both over the short run and the long run.

3 0

3 years ago

A mutual fund has $2 million in cash and $6 million invested in securities. It currently has 1 million shares outstanding.

Mamont248 [21]

Answer:

a. NAV = 8 per share

b. 250.000 shares

c. 7.95

Explanation:

a. NAV = Market value of shares/number of shares = $8m/1m = $8 per share

b. At the current NAV, it can absorb up to $2 million, or 250,000 shares.

c-1. Its loss by selling 25,000 shares of IBM at $34 instead of $36 = -$2 x 25,000 = -$50,000.

New NAV = $7,950,000 /1m = $7.95

5 0

3 years ago

Costco delivers for free using instacart and the only difference is how you sign in to order

viva [34]

Answer:

Go to the Sign in page, which you can access by selecting "Sign In / Register" in the top right corner of our homepage.

Select "Create Account," then enter your e-mail address, a password, and — if you're a member — the number found on your membership card. If you happen to have a Costco Anywhere Visa® Card by Citi, just look for your membership number on the back of the card, directly to the right of your picture.

Once you select the "Create Account" button, your account will be created.

Please keep in mind that being an active Costco member does not automatically register you on Costco.com. Your membership number is not linked to your account until you add it, either when you register or you update your account details under "My Account."

6 0

2 years ago

Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality and functiona

Rainbow [258]

False :
because a product modification occurs when changes are made in how the product functions, its quality, or some aesthetic characteristic of the product.
(Here it’s says only the aesthetic but it’s all)

8 0

2 years ago