A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a A. fixed cost. B. mixed cost. C. step cost. D. variable cost.
Q: The last department in a production process shows the following information at the end of the…
A: To calculate how many units have been transferred to finished goods, use the following…
Q: Need help with this accounting questions
A: Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures the time…
Q: How much long term debt does the firm have? Please answer the accounting question
A: Step 1: Define Long-Term DebtLong-term debt refers to loans or financial obligations that a company…
Q: Please find the units to below account problem
A: Compute the contribution margin per unit first.Contribution margin per unit = Selling price per unit…
Q: Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid…
A: Step 1: Formula Total assets = Total liabilities + Total equity Step 2: Substitution Total assets =…
Q: Constant debt equity ratio? General accounting
A: The question pertains to the debt-to-equity ratio. The debt-to-equity (D/E) ratio is used to…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs are the sum of direct…
Q: Financial Accounting
A: Step 1: Define Return on Invested Capital (ROIC) Return on Invested Capital (ROIC) is a measure of…
Q: If the company's growth rate is 5 percent?? General accounting
A: Step 1: Total Value of the Firm (V)The value of the firm (V) under perpetual growth can be…
Q: For 2011, Shoring Engineers reported beginning total assets of $972,000 and ending total assets of…
A: Explanation of Asset Turnover:Asset turnover is a measure of a company's efficiency in generating…
Q: Need help this question general accounting
A: a. Contribution Margin= revenues - (variable manufacturing costs + variable nonmanufacturing costs)=…
Q: Need help
A: Step 1: Define Accounts Receivable TurnoverThe Accounts Receivable Turnover ratio is a financial…
Q: GIRU Company
A: Step 1:First calculate the standard direct labor rate: Direct labor efficiency variance = (Actual…
Q: None
A: To calculate Champion Company's total asset turnover, we need the formula:Total Asset…
Q: What asset turnover ratio is necessary to achieve an ROE of 18% ??
A: The question requires the determination of asset turnover ratio. The asset turnover ratio formula is…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: Please solve this question
A: 1. Calculate Current Market Capitalization:Current Market Capitalization = Shares Outstanding *…
Q: Right answer
A: Explanation: The liabilities are classified as current if the financial obligations are due within…
Q: How much are the total costs to be assigned to ending inventory?
A: Given:Materials cost per unit: $3Conversion cost per unit: $6Ending inventory units:…
Q: What is wilsin gross profit answer accounting questions
A: Step 1: Definition of Gross ProfitGross Profit is the difference between the sales revenue and the…
Q: Find turnover and average total assets? General accounting
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio compares the net sales of a company with…
Q: I need this question answer general accounting question
A: Step 1: Define Capital ExpenditureCapital expenditure refers to the sum of capitalized expenses that…
Q: Solve it general account tutor.
A: Step 1: Key InformationDirect Materials:Units added: 11,783Cost: $82,481Direct Labor: $50,433Factory…
Q: Hi expert provide correct answer general accounting
A: Step 1: Define AssetsAssets are financial resources owned by the company. These are presented in the…
Q: Calculate the adjusted net income?? General accounting
A: Step 1: Definition of Adjusted Net IncomeAdjusted net income is the company's reported net income…
Q: 10. All of the following are exclusions from gross income EXCEPT: A. Scholarships B. Gifts C.…
A: The correct answer is:C. Dividend Income Explanation:Gross income includes all income from whatever…
Q: Expert help me to solve in this account query....
A: To solve this question, we use the accounting equation and the statement of retained earnings…
Q: Need help with this accounting question
A: Step 1: Define Cost of Goods Available for SaleCost of Goods Available for Sale is calculated by…
Q: I want accurate answer ☑
A: Explanation of Matching Principle:The Matching Principle ensures that expenses are recorded in the…
Q: Lotus Inc.
A: Step 1: Underapplied/Overapplied There is an underapplied overhead if the actual overhead exceeds…
Q: Which of the following statements are true with regard to asset accounts? a. Assets are on the left…
A: The correct answer is:a. Assets are on the left side of the accounting equation. Understanding the…
Q: I want this question answer general Accounting
A: Step 1: Formulas Return on assets = Net earnings/Average total assetsAsset turnover = Net…
Q: I want to this question answer general Accounting
A: Step 1: Define Working CapitalWorking capital is a measure of a company's liquidity, operational…
Q: Please solve this question general accounting
A: Step 1:a. Calculation of Activity Rate: Activity rate = Budgeted cost of sales order…
Q: Equity in the business must have?
A: Given the scenario where the assets of a business increased by $89,000 and its liabilities increased…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Net Income or LossNet income or loss is the difference between a company's…
Q: I don't need ai answer accounting questions
A: Step 1: Definition of Capital Gains TaxCapital gains tax is the tax levied on the profit from the…
Q: General Account
A: To calculate the cost per equivalent unit of production for direct materials, follow these steps:…
Q: Based on this information, what is the division assets turnover??
A: Step 1: Define Asset TurnoverThe ratio determines the number of times a company's sales exceeds its…
Q: Quick answer of this accounting questions
A: To calculate.Volume Variance=(Denominator Activity−Actual Activity)×Standard Fixed Overhead Step…
Q: Green Co. incurs a cost of $15 per pound to produce Product X, which it sells for $26 per pound. The…
A: Key DefinitionsDifferential Cost: The additional cost incurred by taking one course of action over…
Q: Give me correct answer this general accounting question
A: Step 1: Define Stockholders' EquityStockholders' equity represents the residual interest in a…
Q: Sub - General Account
A: 1. Introduction to the ConceptEconomies of scale are a critical concept in economics and business,…
Q: Please provide answer this financial accounting question
A: Step 1: Calculation of Preference DividendPar value per preferred share = $100Number of preferred…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Fixed CostFixed costs are expenses that do not change with the level of…
Q: None
A: Step 1: Define Gross ProfitIn business, the gross profit is the total profit that a firm has when…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Degree of Operating Leverage (DOL)The degree of operating leverage (DOL)…
Q: Please solve this question
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio calculates the sales generated by a…
Q: None
A: Conversion Cycle = Days Inventory Outstanding + Days Sales Outstanding − Payables…
Q: General Account answer need
A: To calculate the Net Advantage of Leasing (NAL), we'll use the following steps:Compute the cost of…
Step by step
Solved in 2 steps
- Tag. General AccountGeneral AccountFrom the below given data, which cost has no relationship with the level of output? Type of cost Amounts (OMR) Total cost 6,000 Variable costs 4,000 Semi variable costs 1,000 Fixed cost 1,000 O a. Variable costs O b. Semi variable costs OC. Total cost Od. Fixed cost
- Which of the following types of cost is shown in the cost data below? Cost per Number of Unit Units $6,000 3,000 2,000 1,500 a. fixed cost b. mixed cost C. variable cost d. period cost 2. 3. 4.Correct Answer✅Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs
- Owe! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced 0 560 960 123456789 10 1,360 1,760 2,160 2,560 2,960 3,360 3,760 Total Costs $ 4,660 3,960 4,360 4,960 4,060 4,260 8,760 16,160 4,960 11,992 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 2,440 units are produced.The "x" in the overhead cost equation, y = $5.50x + $92,000, represents which of the following? total overhead costs. the variable costs. total fixed costs. the cost driver in units.
- Potter Corporation produces one product. The following per unit cost information is available: Direct materials $ 7.00 Direct labor 15.00 Variable overhead 8.00 Variable Selling and Admin. 2.00 Fixed overhead costs are $100,000 per peiod and fixed selling and administrative costs are $70,000 per period. The selling price is $70 per unit. REQUIRED: A. Prepare an absorption costing (traditional) income statement assuming: 1. Production is 8,000 units and sales are 8,000 units. 2. Production is 8,000 units and salesa are 9,000 units. 3. Production is 8,000 units and sales are 6,000 units. Unit Sales 8,000 Sales Cost of Goods Sold Gross Profit Selling and Admin Net Income 9,000 6,000Use a cost-volume graph to determine the type of cost behavior exhibited in Groups A, B, and C. In the graph, volume should range from 0 to 24,000 units (in 4,000 unit increments), and cost should range from $0 to $35,000 (in $5,000 increments). Volume Group A Group B Group C (applicable to each group) Costs Costs Costs 2,000 12,000 16,000 20,000 $2,600 $1,000 $2,400 12,600 6,000 2,400 16,600 8,000 2,400 20,600 10,000 2,400 1. Identify the cost behavior (fixed, mixed, or variable) in the three groups. Group Cost behavior A B C 2. What is the expected total cost for Group B if volume is 0? $ 3. What is the expected total cost for Group C if volume is 0? CheckWhich of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4