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zheka24 [161]
3 years ago
4

A manufacturing plant that assembles television sets has variable output volume from 200 sets to 350 sets a day. The building fo

r both manufacturing and warehousing has an area of 80,000 square feet. It employs about 250 people. It produces all of the components that go into the assembly. An example for variable cost in this plant is ___________________. Group of answer choices building cost equipment cost labor cost property taxes
Business
1 answer:
marysya [2.9K]3 years ago
8 0

Answer:

Labor cost

Explanation:

An example for variable cost in this plant is Labor cost. Labor cost is a variable cost at producers have to hire more labor to raise manpower to produce more goods. Labor cost is also the cost of human effort expended towards projects objectives.

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Answer:

The journal entry is as follows:

Cash A/c Dr. $12,400

Accumulated Depreciation - Equipment A/c Dr. $21,900

Loss on sale of equipment A/c Dr. $4,700

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(To record the sale)

Working notes:

Accumulated Depreciation - Equipment:

= [(Cost of tractor - Residual value) ÷ Service life] × No. of years

=  [(39,000 - 2,500) ÷ 5] × 3

= $21,900

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They bought less corn, so they showed a decrease in demand.
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