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3 years ago

A company pays it's workers 20$ a day .Is it a fixed cost or variable cost ??

Business

1 answer:

vitfil [10]3 years ago

3 0

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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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials

Amiraneli [1.4K]

Answer:

$8.20 per pound

Explanation:

The computation of the actual price per pound is shown below:

Material price variance = (Standard price per pound - Actual price per pound) × Actual quantity purchased

-$7,000 = ($8.00 - Actual price per pound) × 35,000

$8.00 - Actual price per pound = -$7,000 ÷ 35,000

Actual price per pound = $8.20 per pound

Hence, the actual price per pound is $8.20 per pound

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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3 years ago

Russell Preston delivers parts for several local auto parts stores. He charges clients $1.30 per mile driven. Russell has determ

Lapatulllka [165]

Answer:

A. Determine how many miles Russell needs to drive to break even?

break even formula = total fixed costs / contribution margin

total fixed costs = $1,220
contribution margin = $1.30 - $0.29 = $1.01

break even formula = $1,220 / $1.01 = 1,207.9 ≈ 1,208 miles

B. Assume Russell drove 2,500 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month.

if he drove 2,500 he made a profit because it is more than the break even point.

C. Determine how many miles Russell must drive to earn $2,135.00 in profit.

($1,220 + $2,135) / $1.01 = 3,321.7 ≈ 3,322 miles

D. Prepare a contribution margin income statement assuming Russell drove 2,500 miles last month.

total revenue $3,250

<u>- variable costs ($725)</u>

contribution margin $2,525

<u>- fixed costs ($1,220)</u>

net income $1,305

E. Use the above information to calculate Russell’s degree of operating leverage.

Degree of operating leverage = contribution margin / operating income = $2,525 / $3,250 = 0.7769 or 77.69%

8 0

3 years ago

Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he

Blizzard [7]

Answer:

Holder in due course

Explanation:

A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders

So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft

6 0

3 years ago

Joey notices that people always compliment his Dad on the nice suits that he wears. His Dad owns a business in town. People alwa

liberstina [14]

Answer: Orientation to internal, unique self

Explanation: In simple words, orientation refers to the process of determining the position of one self or the others with respect to a particular situation.

In the given case, Joey has to make a decision that impacts his personal life and he has to make it himself. Therefore, the confusion he is having about the decision depicts that he is at the stage of internal orientation.

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3 years ago

If you wanted to make sure a company has enough money available to pay ts

vovikov84 [41]

Answer:

Explanation:

The cash flow statement, as the name implies, report the use of company's real cash use in three area: investing, operating and financing activities as well as cash available at the beginning of the period and the end of the period as the result of three activities mentioned above.

3 0

3 years ago

A company pays it's workers 20$ a day .Is it a fixed cost or variable cost ??​

A company pays it's workers 20$ a day .Is it a fixed cost or variable cost ??