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3 years ago

Consider the following comments about absorption- and variable-costing income statements:

Business

1 answer:

GrogVix [38]3 years ago

7 0

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

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What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 deci

inna [77]

Answer: 2.74 years

Explanation:

Payback Period is a method of capital budgeting that works by checking how long the project will take to repay the investment outlay.

The formula is;

Payback Period = Year before Payback Period occurs + $\frac{Cash remaining}{Cashflow in year payback happens}$

Initial Outlay = $4,650

First Year = $1,350

Second Year = $2,450

Third Year = $1,150

First year + second year = 1,350 + 2,450 = $3,800

Remaining till repayment = 4,650 - 3,800 = $850

Third year amount of $1,150 is higher than $850 so amount will be repaid in 3rd year.

Payback Period = Year before Payback Period occurs + $\frac{Cash remaining}{Cashflow in year payback happens}$

Payback Period = 2 + $\frac{850}{1,150}$

Payback Period = 2.74 years

4 0

4 years ago

The Coffee Express has computed its fixed costs to be $.48for every cup of coffee it sells given annual sales of 145,000 cups. T

dlinn [17]

Answer:

57,049 cups

Explanation:

The formula to compute the break-even point in units is shown below:

Break-even point in units = (Fixed cost) ÷ (contribution per cup)

where,

Fixed cost = Number of cups × fixed cost per unit

= 145,000 cups × $0.48

= $69,600

Now the contribution per unit equals to

= Selling price per cup - variable cost per cup

= $1.29 - $0.07

= $1.22

Now put these values to the above formula

So, the value would equal to

= $69,600 ÷ $1.22

= 57,049 cups

8 0

4 years ago

In the past, the study of finance has included Multiple Choice bankruptcy. raising capital. All of the options mergers and acqui

Sedaia [141]

Before the current time, the study of finance has always included the section of acquisitions, raising capital, bankruptcy etc.

<h3>What is Finance?</h3>

Finance is like an umbrella of activities including banking, leverage, debt, credit, capital markets, funds, investments etc

Hence, before the current time, the study of finance has always included the section of acquisitions, raising capital, bankruptcy etc.

Hence, the Option C is correct because study of finance includes all the following option.

Read more about Finance

<em>brainly.com/question/25773057</em>

4 0

3 years ago

Goldberg Corporation has three production departments A, B, and C. Goldberg Corporation also has two service departments, Admini

Svetllana [295]

Answer:

$ 58,333 Personnel costs is allocated to B

Explanation:

According to the given data the Employees to be considered for allocation = A+B+C = 15+5+10 = 30 employees

The Personnel Dept direct cost = $ 350,000

No. of employees for B = 5

Therefore, in order to calculate what amount of Personnel costs is allocated to B, we have to use the following formula:

Allocated cost =Personnel Dept direct cost x No. of employees for B/Total employees =

Allocated cost = $ 350,000 x 5/30 = $ 58,333

$ 58,333 Personnel costs is allocated to B

8 0

3 years ago

A male client visits a fertility clinic after one year of attempting unsuccessfully to impregnate his wife. What is a risk facto

Andru [333]

Answer:

Explanation:

One of the main risk factor associated with male infertility would be none or few sperm cells being produced. It has been stated by scientists that about 1% of all males and 10–15% of those with infertility do not have any sperm within their system. Therefore making the possibility impregnation impossible.

5 0

4 years ago