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3 years ago

In a CVP income statement, cost of goods sold is generally:

Business

1 answer:

Nadya [2.5K]3 years ago

3 0

Answer:

d) partly a variable cost and partly a fixed cost.

Explanation:

CVP income statement is also known as cost volume profit income statement, it is generally a product of CVP analysis and it include five elements:

Price of products.
Volume of activity.
Variable cost per unit.
Total fixed cost.
Mix of product sold.

CVP analysis are conducted to know how changes in cost and volume would impact company´s operating income and net income. It require all the cost of company should be segregated into variable and fixed cost. It also calculate contribution margin, which help to identify the profit of company before deducting fixed cost.

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Sienna’s take home pay is $13,400. The company deducts $200 from her pay as part of her voluntary deductions. Her total tax dedu

dlinn [17]

Answer:

Gross pay= $20,000

Explanation:

She takes $ 13,400.

the company deducted $200 as voluntary deductions.

She had $13600 after paying tax 32%which is equivalent to 68%

$ %

13600 68

x 100

x= 13600*100/68= 1360000/100= $20,000

Her gross pay is $ 20,000

6 0

3 years ago

Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first month of operations,

scoundrel [369]

Answer:

(a)unit cost of goods manufactured is $108.00

(b)unit cost of goods manufactured is $122.00

Explanation:

Varibale Product Costing = Direct Material + Direct Labor + Variable Overheads

Absorption Product Costing = Direct Material + Direct Labor + Variable Overheads + Fixed Overheads

(a) the unit cost of goods manufactured- the variable costing concept

Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00

unit cost of goods manufactured = $108.00

(b) the unit cost of goods manufactured - the absorption costing concept

Variable cost of goods manufactured ($1,620,000/15,000 units) = $108.00

Fixed manufacturing costs ($210,000/ 15,000 units) = $14.00

unit cost of goods manufactured = $122.00

8 0

4 years ago

The sector of the economy that includes proprietorships partnerships and corporations is the

aalyn [17]

Answer:

Invesmtent sector.

Explanation:

Is also responsible for the economic act of production.

4 0

3 years ago

You're considering an investment that you expect will produce a return of 77 percent next year, and you expect that your real r

den301095 [7]

This problem is simply straight forward. The total rate of return is simply the sum of the real rate of return and the inflation rate, that is:

77% = 33% + Inflation Rate

Therefore inflation is:

Inflation Rate = 77% - 33%

Inflation Rate = 44%

6 0

3 years ago

Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the bal

nadya68 [22]

Answer:

Dr Cash $68,000

Cr Common Stock $68,000

Explanation:

1st July

The entry to record the capital investment of Yarwood who contributing $68,000 in cash would result in an increase in common stock and increase in company cash balance which means that increase in common stock must be credited and increase in cash balance must be debited.

Dr Cash $68,000

Cr Common Stock $68,000

4 0

3 years ago