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castortr0y [4]
3 years ago
11

You are meeting to discuss the proper categorization of marketing strategy costs in the monthly department budget performance re

port. You are especially interested in making sure the fixed and variable costs are properly categorized. The major costs associated with the marketing strategy are as follows: Salesperson commissions Office space rent Office equipment rental Product raw materials Product manufacturing labor With respect to the variable or fixed nature of these costs, _______. a.we know that office space rent is a variable cost b.we know that product raw materials and office space rent are both fixed costs c.we know that office equipment rental, office space rent, and sales commissions are all fixed costs d.we know that salesperson commissions, product raw materials, and product manufacturing labor costs are all variable costs
Business
1 answer:
Scilla [17]3 years ago
7 0

Answer:

C)

Explanation:

I'm not too sure but I think they can all change really depending on the circumstances. hope that helped!

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statement uses information about profit earned before tax and the net profit after payment of taxes to determine the revenue ear
Liono4ka [1.6K]
Probably income statement
4 0
4 years ago
Suppose you win the Publishers Clearinghouse $10 million sweepstakes. The money is paid in equal annual end-of-year installments
Ludmilka [50]

Answer:

the actual worth today is  $5,124,150.29

Explanation:

The computation of the actual worth today is as follows:

= (Year end annual payments) ÷ (rate of interest) × (1 - (1 + rate of interest)^-time period

= ($333,333.33) ÷0.05 × (1 - (1 + 0.05)^-30

= $5,124,150.29

hence, the actual worth today is  $5,124,150.29

The above formula should be applied

7 0
3 years ago
For its year ended December 31, 2018, Cupressa Corporation, an S corporation, had net income of $216,000 which included $180,000
EleoNora [17]

Answer:

b.$20,000 ordinary income and $4,000 net long-term capital gain .

Explanation:

For 2018, each shareholder should report:

180,000/9 = 20,000

36,000/9 = 4,000

b.$20,000 ordinary income and $4,000 net long-term capital gain

6 0
3 years ago
Determine the total relevant cost per unit if starters are purchased from an outside supplier.
lana [24]

The total relevant cost per unit if starters are purchased from an outside supplier would include the contract price or the amount you would have to pay for the purchase and the freight of the product purchased. The total cost would include these two and dividing this total cost with the number of units purchased would yield to the relevant cost per unit. 

7 0
4 years ago
The following information is available for Aikman Company. January 1, 2022 2022 December 31, 2022 Raw materials inventory $21,00
vodka [1.7K]

Answer:

a. $537,300

b.            Aikman Company  

             Income Statement  

For the year ended December 31, 2022  

 

Sales Revenue                 $910,000

Less: Cost of goods sold  

Raw material, beginning               21,000

<u>Add:Purchases                  150,000 </u>

Raw materials available    171,000

<u>Less: Raw material, end    30,000 </u>

Cost of raw material used    141,000

<u>Add: Direct labor                  220,000</u>

Prime Cost                           361,000

<u>Add: Factory overhead   180,000 </u>

Manufacturing cost            541,000

Add: Work in process, beginning   13,500

<u>Less: Work in process, Ending     17,200 </u>

Cost of Goods Manufactured  537,300

Add: Finished Goods, beginning   27,000

<u>Less: Finished Goods, Ending    21,000</u>

<u>Cost of Goods Sold          543,300</u>

Gross Profit                 $366,700

c. Raw materials, ending $30,000

Work in process, ending $17,200

<u>Finished goods, ending $21,000</u>

Total inventory               $68,200

d. The difference in the balance sheet and income statement of Aikman Company to Merchandising company is that, Aikman income statement consists of expenses arising from the manufacturing of goods that the merchandising company never incur. In addition to that, Aikman Company has ending inventory of Raw materials, work in process and finished goods while the other merchandising company only has ending inventory of good purchased not yet sold.

Explanation:

a. Aikman's statement of goods manufactured is presented below.    

               Aikman Company

Statement of Cost of Goods Manufactured

For the year ended December 31, 2022

Raw material, beginning               21,000

<u>Add:Purchases                  150,000 </u>

Raw materials available    171,000

<u>Less: Raw material, end    30,000 </u>

Cost of raw material used    141,000

<u>Add: Direct labor                  220,000</u>

Prime Cost                           361,000

<u>Add: Factory overhead   180,000 </u>

Manufacturing cost            541,000

Add: Work in process, beginning   13,500

<u>Less: Work in process, Ending     17,200 </u>

Cost of Goods Manufactured  537,300

b. Income statement of Aikman starts from the sales revenue that the company incurs for the period and then deduct the cost of goods sold to arrive the gross profit.

c. Aikman's inventory balance consists of Raw materials, work in process and finished goods balances.

8 0
4 years ago
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