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A company pays it's workers 20$ a day .Is it a fixed cost or variable cost ??
1 answer:
Answer:
Examples of variable costs are sales commissions, direct costs, cost of materials used in production, and utility costs. ૮(0w0)
Explanation:
Fixed costs remain the same, whether production increases or decreases. Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost. In a factory that makes dresses, the variable costs are the fabric and the used to make the dresses.
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Answer:
10% of the Janitorial Department's $450,000 costs is allocated to the Cutting Department
Explanation:
Given:
Costs Square Feet Number of Employees
Janitorial Department $450,000 100 20
Cafeteria Department $200,000 10,000 10
Cutting Department $1,500,000 2,000 60
Assembly Department $3,000,000 8,000 20
Cafeteria Cutting Assembly Total
Department department department
Square feet 10,000 2,000 8,000 20,000
% of allocation 50% 10% 40%
× 100
× 100
× 100
Hence, % usage by the cutting department is 10%
The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.
Explanation:
The given is,
Simple interest of 4.5 %
Earn $90 of interest for 8 months
Step:1
Formula to calculate the simple interest method,
...................................(1)
Where,
F - Future amount
P - Initial investment
i - Rate of interest
N - Number of years
From given,
i - 4.5%
Let, X - Initial investment, P = X
F = P + Interest amount
F = X + 90
From the equation (1),
(∵ N = 8 months = = 0.667 year )
= 3000
P = X = $ 3000
From the X value.
F = P + 90
= 3000 + 90
F = $ 3090
Result:
The amount of 3000 will have to be deposited to earn $90 of interest for 8 months, if money is deposited in a bank that pay's simple interest of 4.5%.