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defon
3 years ago
8

Within the relevant range of activity ______. variable costs do not change in total, only per unit fixed costs remain constant i

n total costs and activity can be approximated by a straight line
Business
1 answer:
Vlad1618 [11]3 years ago
6 0

Answer:

False

Explanation:

Within the relevant range of activities, total fixed costs remain constant and fixed costs per unit decrease as total output increases. Total variable costs vary depending on total output, but variable costs per unit should remain constant.

On a long term basis, all costs are variable, that is why it is important to consider the range of activities, i.e. output levels.

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The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t
Marianna [84]

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>
  • The economists often refer to this type of cost as the amount or the value of the next highly rated alternative use of one's money or resource.

An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

Learn more about Opportunity Cost from

brainly.com/question/1549591

8 0
2 years ago
A process cost summary for a production department accounts for all costs assigned to that department during the period plus cos
tigry1 [53]

Explanation:

The process cost shows the summary of the activities related to the production. It includes the cost of goods completed & transferred units  and the ending work in process inventory.

So, the given statement is true

The indirect cost are come under the manufacturing overhead cost. So, it would be charged to overhead control account

Thus, the given statement is false.

The direct labor includes that labor which is directly related to the production process of a product. So the single production department is likely to be a direct labor

Thus, the given statement is true.

To record the allocation of overhead, the following journal entry is required

Work in Process Inventory, Baking Dept  A/c Dr $24,500

       To Factory overhead A/c $24,500

(Being the overhead allocation is recorded)

The computation is shown below:

= Direct labor cost  × allocation rate

= $10,000 × 245%

= $24,500

Thus, the given statement is true.

7 0
3 years ago
Ralph’s Hardware updated its accounting system and agreed to purchase a computer system from a manufacturer, Bits and Bytes (BB)
Andrej [43]
Given:
<span>Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
</span><span>Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied. 
</span><span>Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information

The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises. 

However, the written contract </span>disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties. 

4 0
3 years ago
Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? Wh
Blababa [14]
So they could try to get there money back
7 0
3 years ago
Windsor Inc. had beginning inventory of $11,700 at cost and $19,700 at retail. Net purchases were $130,016 at cost and $169,800
Ulleksa [173]

Answer:

$24,779

Explanation:

In order to calculating the ending inventory using the conventional retail inventory method. we required to do the following computations which are shown below:

Using cost method

Goods available for sale:

= Beginning inventory + Purchases

= $11,700 + $130,016

= $141,716

Using retail method

Ending inventory

= Beginning inventory + Purchases  + Net markups - Net markdowns - sales revenue

= $19,700 + $169,800 + $101,00 - $6,800 - $157,900

= $34,900

Now

Cost to retail ratio = $141,716 ÷ ($19,700 + $169,800 + $101,00)

                              = $141,716 ÷ $199,600

                               = 0.71

So,

Estimated ending inventory at cost:

= Estimated ending inventory at retail × Cost to retail ratio

= $34,900 × 0.71

= $24,779

3 0
3 years ago
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