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4 years ago

A variable expense is a _____.

2 answers:

8 0

The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.

Phoenix [80]4 years ago

4 0

Answer: Cost that changes

Explanation:

A variable expenses is the type of expenses when the costs are changed in the total amount. The variable expenses is also known as the variable costs. This type of expenses are change depending on the uses of the services and the product.

The variable expenses is different from the fixed expenses for example the rent are always remain similar throughout in the loan term. In the variable expenses, the total amount are get change in terms of production and many other activities.

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Mike was a foreman at Hi-Way Construction and discovered his company was deliberately using faulty materials for a project. Alth

Alex Ar [27]

Answer:

Whistle blowing

Explanation:

Whistleblowing - it is referred to that act which draws the attention of the authorities toward wrongdoing or misconduct or any foul thing within any organization.

In the given question also, Mike also discovered misconduct in the project. despite having fear of losing job mike informed the authorities about misconduct

8 0

3 years ago

Kunkel company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate

Lilit [14]

Answer:

using conventional costing system:

unit cost mercon = $21.40
unit cost wurcon = $90.80

total production costs using conventional costing system:

4,000 units of mercon = 4,000 x $21.40 = $85,600
8,000 units of wurcon = 8,000 x $90.80 = $726,400

Explanation:

Mercon Wurcon

Direct materials cost per unit $9.00 $7.00

Direct labor cost per unit $6.00 $7.00

Direct labor-hours per unit 0.20 2.40

overhead rate applied $6.40 $76.80

Number of units produced 4,000 8,000

overhead rate = total overhead / total direct labor hours = $640,000 / [(4,000 x 0.20) + (8,000 x 2.40)] = $640,000 / 20,000 = $32 per direct labor hour

unit cost mercon = $9 + $6 + $6.40 = $21.40

unit cost wurcon = $7 + $7 + $76.80 = $90.80

4 0

3 years ago

It is currently 2018 and you are the mayor of Snowville, IL. Your public works department has determined that your town’s main h

Scorpion4ik [409]

Answer:

the net cost for delaying the project will be of 36,120 dollars.

Explanation:

4,300,000 investment

if delayed will increase by 9%

4,300,000 x 0.09 = 387,000 inrease in cost

this cost will be mitigated by the revenue on the interest.

the funds will be placed at 4% per year during two years:

4,300,000 x (1.04^2 - 1) = 350.880‬ interest revenue

net : 36,120

6 0

4 years ago

The comparative balance sheets for Concord Corporation as of December 31 are presented below.

stiks02 [169]

Answer:

Concord Corporation

Statement of Cash Flows for the year ended December 31, 2022

Operating activities:

Net income $32,560

add Depreciation 36,960

Loss from sale of equipment 1,760

Changes in working capital:

Accounts receivable 7,040

Inventory -8,316

Prepaid expenses 5,034

Accounts payable 7,682

Net cash from operations $82,720

Investing activities:

Sale of equipment $7,040

Sale of land 22,000

Purchase of equipment -80,960

Net cash from investments -$51,920

Financing activities:

Dividends payment -10,560

Net cash flows $20,240

Reconciliation:

Beginning cash balance $39,600

Net cash flows $20,240

Ending cash balance $59,840

Explanation:

a) Data and Calculations:

Concord Corporation

Comparative Balance Sheets

December 31

Assets 2022 2021 Changes

Cash $59,840 $39,600 +$20,240

Accounts receivable 44,000 51,040 -7,040

Inventory 133,276 124,960 +8,316

Prepaid expenses 13,446 18,480 -5,034

Land 127,600 114,400 +13,200

Buildings 176,000 176,000 0

Accumulated depreciation

-buildings (52,800) (35,200) (17,600)

Equipment 198,000 136,400 +61,600

Accumulated depreciation

-equipment (39,600) (30,800) (8,800)

Total $659,762 $594,880

Liabilities and Stockholders' Equity

Accounts payable $39,362 $31,680 +$7,682

Bonds payable 264,000 264,000 0

Common stock, $1 par 176,000 140,800 +35,200

Retained earnings 180,400 158,400 +22,000

Total $659,762 $594,880

Additional information:

1. Depreciation $36,960

($17,600 of depreciation expense for buildings and $19,360 for equipment)

2. Sale of land at $22,000

3. Cash dividends paid $10,560

4. Net income for 2022 $32,560

5. Equipment purchase $80,960

Equipment sales $7,040

Loss from sale $1,760

Accumulated Depreciation $10,560

Equipment

Account Titles Debit Credit

Beginning balance 136,400

Cash 80,960

Sale of equipment 19,360

Ending balance 198,000

Sale of Equipment

Account Titles Debit Credit

Equipment 19,360

Accumulated depreciation 10,560

Cash 7,040

Loss from Sale of Equipment 1,760

6. Land $35,200 Common stock $35,200

Land

Account Titles Debit Credit

Beginning balance 114,400

Common stock 35,200

Cash 22,000

Ending balance 127,600

5 0

3 years ago

An end-of-aisle price promotion changes the price elasticity of a good from −2 to −3. Suppose the normal price is $34, which equ

Vika [28.1K]

Answer:

MC = $17

P = $25.5

Explanation:

We proceed as follows;

Firstly calculate MC when e = -2, where MR = MC

(P-MC) / P = 1 / IeI

Here P = $34 and e = -2

(34 - MC) / 34= 1/ I-2I

(34 - MC) / 34= 1 / 2

78-2MC = 34

2MC = 34

MC = 34/2

MC = 17

Now, as we have MC, we will calculate the new price when e = -3

(P-MC) / P = 1 / IeI

(P - 17) / P = 1 / I-3I

(P - 17) / P = 1 / 3

3P -51 = P

2P = 51

P = 51/2

P = 25.5

8 0

4 years ago