Explain the Virtuous cycle

Which of the following costs is an example of a Selling & Administrative (S&A) cost rather than a product cost? Group of

irakobra [83]

Answer:

The answer is B.

Explanation:

Option B. Wages of sales person are the example of a Selling and Administrative cost. Other examples are rents, distribution cost etc.

Option C is wrong. Wages of production machine operators is a direct wage. It will form part of cost of sales.

Option D is wrong. Insurance on factory equipment cannot be attributable to selling cost.

4 0

3 years ago

The Southside Corporation budgeted 4,400 pounds of direct materials to make 2,600 units of product. The company actually used 4,

garik1379 [7]

Answer:

$3.75

Explanation:

As we already know that

Direct materials quantity variance = (Budged pounds of direct material - Actual pounds of direct material) × Standard rate

$1,500 unfavorable = (4,400 pounds - 4,800 pounds) × Standard rate

$1,500 unfavorable = 400 × Standard rate

So, standard rate is

= $1,500 ÷ $400

= $3.75

We simply applied the above formula

5 0

4 years ago

Read 2 more answers

An investor owns $8,000 of Adobe Systems stock, $9,000 of Dow Chemical, and $9,000 of Office Depot. What are the portfolio weigh

Grace [21]

Answer:

Adobe System

0.3077 ± 0.001

Dow Chemical

0.3462 ± 0.001

Office Depot

0.3462 ± 0.001

Explanation:

Calculation for the portfolio weights of each stock

First step is to calculate the Total portfolio

Total portfolio = $8,000 + $9,000 + $9,000

Total portfolio == $26,000

Last step is to calculate the portfolio weights of each stock

Adobe System weight = $8,000 / $26,000

Adobe System weight = 0.3077

Dow Chemical weight = $9,000 / $26,000

Dow Chemical weight = 0.3462

Office Depot weight = $9,000 / $26,000

Office Depot weight= 0.3462

Therefore the portfolio weights of each stock will be :

Adobe System

0.3077 ± 0.001

Dow Chemical

0.3462 ± 0.001

Office Depot

0.3462 ± 0.001

7 0

3 years ago

Which of the following measures indicates

igor_vitrenko [27]

Answer:

e). all of the above

<u>Multiple-choices</u>

a). working capital

b). current ratio

c). quick ratio

e). all of the above

Explanation:

Working Capital is the difference between the total current asset and current liabilities. I.e., working capital = total current assents - total current liabilities. It is calculated to assess a company's ability to pay its current liabilities.

The Current Ratio is calculated using the formula below.

current ratio= total current assets / total current liabilities. It measures the company's ability to meet its current liabilities with its current assets.

Acid-test Ratio (Quick Ratio) evaluates a company's ability to meet its current liabilities using cash or cash equivalents only. It measures the ability to repay current debts without having to sell inventory.

Quick ratio or acid test is calculated as follows= (cash + short-term investments + receivables) / total current assets

5 0

3 years ago

A product sells for $30 per unit and has variable costs of $18 per unit. The fixed costs are $720,000. If the variable costs per

Llana [10]

Answer:

E) BEP (units) does not change

Explanation:

Use the following formula to calculate Break-even point in units:

BEP (units) = Fixed cost / (unit selling price - unit variable costs)

1) BEP (Units) before the change in costs is:

BEP (units) = 720000 / (30 -18) = 60,000 units

2) BEP (Units) after the change in costs is:

BEP (units) = 900000 / (30-15) = 60000units

--> BEP (units) does not change

7 0

3 years ago