All categories

2 years ago

Which of these is an example of a variable expense calculated in an organizational budget?

1 answer:

8 0

In an organizational budget, variable expenses are the total cost that depended on the amount of goods produced.
Example of variable expenses are:
- Raw material expenses
- Cost of plastic to make a handphone case
- Cost of carrots if the company is selling carrot pies
- etc

You might be interested in

Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest c

Mademuasel [1]

Answer:

Allocated costs= $116.7

Explanation:

Giving the following formula:

The activity rates associated with each activity pool are $8.70 per guest check-in, $18.00 per room cleaning, and $3.00 per served meal (not including food).

Julie Campbell visited the hotel for a 5-night stay. Julie had 6 meals in the hotel during the visit.

To allocated costs, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated costs= 8.7 + 18*5 + 3*6

Allocated costs= $116.7

5 0

2 years ago

Job 543 started on june 1 and finished on july 15. Total cost on july 1 was $10,800, and the costs added in july were $164,300

Snowcat [4.5K]

Answer:

$175,100

Explanation:

Job 523 started on June 1 and ended on July 15

The total cost on July 15 was 10,800

The cost added in July was 164,300

Therefore the debit to cost of goods sold can be calculated as follows.

= 10,800 + 164,300

= 175,100

Hence the debit to cost of goods sold is $175,100

4 0

2 years ago

An investment projects requires that a company incurs maintenance in the second year. Under the net present value method, the co

ycow [4]

Answer:

Pretty sure its a I am not sure however

Explanation:

7 0

2 years ago

Steve is in charge of accounting for the purchase of equipment at Cal Works, Inc. The company has a policy that all expenditures

Svetlanka [38]

Answer: Materiality

Explanation: In simple words, materiality refers to the accounting concept which states that only those transaction should be recorded in the financial statements which are important to the stakeholders.

In other words, the transactions should be recorded in such a way that it gives some value to the stakeholders.

Therefore, in the given case, steve reported two expenditures in the fiancial statement as the amount is significant, thus,must be holding the value to stakeholders.

Hence the correct option is D.

5 0

2 years ago

If $1000 is invested at 6% interest, compounded annually, then after n years the investment is worth an

Temka [501]

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment= $1,000

Annual interest rate= 6% = 0.06

Number of periods= n

To calculate the future value after "n" periods, we need to use the following formula:

FV= PV*(1+i)^n

For example:

n= 6 years

FV= 1,000*(1.06^6)

FV= $1,418.52

6 0

1 year ago