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lukranit [14]
3 years ago
13

Distinguish between fixed cost and Variable Cost​

Business
1 answer:
Strike441 [17]3 years ago
6 0

Answer:

fixed means that it is standard or doesn't change (in a fixed state). remain constant

variable cost on the other hand, is when the cost varies, or changes. it can change proportionally, directly based on the changes or advancements on the service or good

Explanation:

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If each bank in the United States had to keep 100 percent of checkable deposits as reserves, each $1 the Federal goverment injec
madreJ [45]

Answer: money supply could increase by 100

Explanation:

Reserve requirement is a regulation by the central bank or reserve bank of a country that requires commercial banks to hold a certain percentage of funds as reserves .

When US Bank keep 100% of check able deposits as reserves that means the multiplier is 100. each $1 the federal government injects could increase the money supply by 1100

7 0
3 years ago
WSP Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments​Mixing, ​Refini
Kazeer [188]

Answer:  Product completed: 32,000 equivalent units; Products in ending inventory: 4,800 equivalent units

Explanation:

The question notes that 32,000 fl. oz were completed and the conversion costs were applied evenly so the completed EUP is;

= 32,000 fl. oz.

The EUP for the closing inventory;

Units were 60% complete in respect to Conversion and there are 8,000 units in process.

= 8,000 * 60%

= ‭4,800‬ fl. oz

4 0
3 years ago
Holton Company makes three products in a single facility. Data concerning these products follow:
evablogger [386]

Answer:

86,700 minutes

Explanation:

a.  Demand on the mixing machine:

Minutes required to produce 3000 units of A (3000 x 26.9) 80700  

Minutes required to produce 1000 units of B (1000 x 2) 2000  

Minutes required to produce 2000 units of C (2000 x 2) 4000  

Total minutes   =    86,700 minutes

Therefore, in order to satisfy the demand for all of the products they would need 86,700 minutes of mixing machine time,

but they only have 14,000 minutes available for each month.

This means that they cannot satisfy the demand with the number of minutes that they have available.

b.Optimal production plan:

                         Product A Product B Product C  

Selling price per unit           $ 137.10     $ 74.80 $ 167.60  

Direct materials     $ 59.70       $ 41.70  $ 100.70  

Direct labor      $ 43.00       $ 13.30  $ 29.50

Variable manufacturing overhead $ 8.20       $ 4.30 $ 13.80

Variable selling cost per unit  $ 15.20       $ 3.10  $ 8.50

Total variable cost per unit        $ 126.10    $ 62.40 $ 152.50

Contribution margin per unit  $ 11.00  $ 12.40  $ 15.10

Mixing minutes per unit          26.90 2.00  2.00

Contribution margin per minute  $0.41 $6.20  $7.55

Rank in terms of profitability          3  2          1

Optimal production          223  1,000  2,000

 

c. The company should be willing to pay $0.41 for one additional hour of mixing machine time if the company has made the best use of the existing mixing machine capacity for Product A.  

For Product B the company should be willing to pay $6.20, and $7.55 for Product C.

8 0
3 years ago
Each of the following people bought a watch that costs $300. Which of the following people will pay the most for their purchase?
Jet001 [13]
Well how many people are there and how many are they buying?
8 0
3 years ago
An overstatement of ending inventory at the end of the current period will cause an overstatement of assets and an understatemen
galina1969 [7]

Answer:

False

Explanation:

The change in inventory balance in a period is usually due to purchases and sales. The period opening and closing balances are connected as such;

Opening balance + purchases - cost of goods sold = ending balance

Hence overstating the ending balance results in an understatement of cost of goods sold thereby resulting in an overstatement of net income and retained earning.

The retained earnings is a component of the stockholder's equity hence it is overstated as well. Inventory is an asset, so overstating it is equivalent to overstating the assets balance.

3 0
3 years ago
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