A cost is $5,600 at 1,000 units, $9,000 at 2,000 units, and $10,200 at 3,100 units. This cost is a A. mixed cost. B. fixed cost. C. step cost. D. variable cost.
Q: Accounting 12
A: Explanation of Gross Profit:Gross profit is the difference between a company's total sales revenue…
Q: Kindly help me with accounting questions
A: Step 1: Define Note receivableNote receivable is the promise to reimburse the amount taken by…
Q: Berkman wholesale accepts from almonte solve this accounting questions
A: Step 1: Define Overdue AccountAn account becomes overdue when the debt owed has crossed the due date…
Q: What was kennedys net income for the year?
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Please provide answer the accounting question
A: Step 1: Define Material Price VarianceMaterial Price Variance (MPV) measures the difference between…
Q: Labor rate
A: Explanation of Labor Rate Variance:Labor rate variance measures the difference between the actual…
Q: Need answers this question general Accounting
A: Step 1: Define PerpetuityA perpetuity is a form of annuity that continues to pay forever. The cash…
Q: Please provide answer this accounting question
A: Step 1: Define RatiosAsset Turnover Ratio: Measures how efficiently a company uses its assets to…
Q: How much overhead is applied to work in process?
A: Step 1: Define Applied OverheadAccountants estimate applied overhead to prepare businesses regarding…
Q: On December 31, Strike Company sold one of its batting cages for $108,000. The equipment had an…
A: Concept of Initial Cost: The initial cost refers to the amount originally paid to acquire the…
Q: Hello tutor please provide correct answer financial Accounting
A: Step 1: Introduction to accounts receivableAccounts receivable refers to the customers who have…
Q: Please provide this question solution
A: Explanation: The amount to be reported in the income statement will be after considering the tax…
Q: Please solve this financial accounting question not use ai please don't
A: Step 1: Define DividendsThese are the returns provided to the shareholder from the profits of the…
Q: General accounting question
A: Adjusted Basis of Real Estate: $446,000Fair Market Value of Real Estate: $624,400 (not used for…
Q: Financial accounting
A: For this question we are asked to compute for the capital gains yield. The capital gains yield, or…
Q: What is the reat risk free rate on these financial accounting question?
A: Real Risk-free Rate = r-(IP+DRP+LP+MRP) Where,r = Nominal interest rateIP = Inflation premiumDRP =…
Q: I need answer of this question solution general accounting
A: Step 1: Definition of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM) formula…
Q: I want to this question answer general Accounting
A: Step 1: Calculation of Variable CostVariable cost is 60% of SalesVariable Cost = Sales × 60%Variable…
Q: Please solve this question financial accounting
A: Step 1: Define Margin AccountA margin account allows an investor to execute a transaction by both…
Q: General Accounting
A: Cost, Dec 31 = 85,430Current replacement cost or Market value = 91,730The lower between the two is…
Q: The Collins Company forecasts that total overhead for the current year will be $18,000,000 and that…
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a calculated rate…
Q: Please solve this question general accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Provide correct answer general Accounting
A: Step 1: Calculation of After-tax monetary value for each jobTax rate = 28% or 0.28After-tax monetary…
Q: I won't to this question answer financial Accounting question
A: To calculate the interest rate (rate of return) advertised by the bank, we use the formula for the…
Q: Calculate the depreciation expense.
A: We will calculate the depreciation expense using the units-of-production method because the truck's…
Q: Net opreting income to increase?
A: Step 1: Define Operating LeverageThe operating leverage is defined as the ratio of the contribution…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Income StatementThe income statement is one of three major financial reports that…
Q: Give true answer the accounting question
A: Step 1: Define Cash DisbursementsCash disbursements refer to the payments made by a company during a…
Q: Financial Accounting Question need answer please
A: Step 1: Define Real Risk-free RateThe real risk-free interest rate refers to the anticipated…
Q: At the beginning of the year, Wildhorse Company had total assets of $742,000 and total liabilities…
A: Part (a): Calculate Owner's Equity at the End of the YearWe use the accounting equation:…
Q: I need answer of this question
A: To calculate the tax consequences of Bonnie's ownership and sale of the bonds, we need to consider…
Q: Boyne Inc. had beginning inventory of $13,300 at cost and $28,900 at retail. Net purchases were…
A: Step 1: Organize the DataBeginning Inventory:Cost: $13,300Retail: $28,900Net Purchases:Cost:…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Sales MarginSales margin is a profitability metric that measures how much…
Q: Solve this accounting problem not use ai
A: Step 1: Define Allowance for Doubtful AccountsThe allowance for doubtful accounts is a contra-asset…
Q: What is Bicket's 2013 return on common stockholders equity on these accounting question?
A: ROEReturn on common stockholders' equity measures how effectively a company generates profit from…
Q: Please give me answer general accounting question
A: Step 1: Analysis of information givenQuantity of inventory = 200 unitsSelling price per unit =…
Q: Calculate the company's debt to equity ratio on these general accounting question
A: Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio measures a company's financial leverage…
Q: Calculate dynamic's net income for the year?
A: Step 1: Define Net IncomeThe net income is the surplus of revenue over the expenses incurred during…
Q: Marcos is the sole owner and operator of Great Jet Company. As of the end of its accounting period,…
A: Calculation of Owner's Beginning Equity Owner's Beginning Equity = Assets at Year 1 - Liabilities at…
Q: Subject - General Account..
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Smith works solution general accounting question
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a calculated…
Q: D Company had cash sales of $89,275, credit sales of $93,450, sales returns and allowances of…
A: Explanation of Net Sales: Net sales represent the total revenue a company generates from its sales…
Q: General Accounting Question need help
A: Step 1: Define Selling Price with MarkupThe selling price with markup refers to the price at which a…
Q: What is the ending inventory of this accounting question?
A: Step 1: Define Ending InventoryEnding Inventory refers to the value of goods or materials a company…
Q: Answer? ? General Accounting
A: Step 1: Define PerpetuityA stream of cash flow that is expected to pay a certain amount at regular…
Q: TD Company has a budget with sales of 10,800 units and $4,500,000. Variable costs are budgeted at…
A: Step 1: Introduction to budgetingBudgeting is defined as the process of preparing a financial plan…
Q: Answer
A: Explanation of Current Assets: Current assets are resources that a company expects to convert to…
Q: Don't use ai solution given correct answer general Accounting
A: Step 1: Define Capital Gain TaxA capital gain tax is a tax paid on capital gains made from the sale…
Q: Need help with this general accounting question
A: Step 1: Define PerpetuityA perpetuity will distribute a series of constant payments to an investor…
Q: The activity based costing cost per unit
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing is a costing method that assigns…
ACCOUNTING MULTIPLE CHOICE QUESTION ☑
Step by step
Solved in 2 steps
- 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.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 costsComplete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A B C 1,290 units 14,390 units 3,600 units 1,400 4,400 $ 1,250 700 880 625 Number of units Sale price per unit Variable costs per unit Calculate: 700 Contribution margin per unit Total contribution margin 903,000 Contribution margin ratio 50% 3520 50,652,800 80% %
- 1) Determine the variable cost per unit and the fixed cost using the high-low method. 2) What is the equation of the total mixed cost function? 3) Based on the High-Low method, what is the total production costs if 6,500 units are produced?4) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.5) Using the line of best-fit, determine the company’s fixed cost per month and the variable cost per unit. (Use 0 & 5,000 units.) Answer all please and thanks.Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEEUse 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? Check
- Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs?Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final CheckUse 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 38, 400 units (in 4,000 unit increments), and cost should range from $0 to $49,000 (in $5,000 increments). Volume Group A Group B Group C (applicable to each group) Costs Costs Costs 3,200 $3,640 $1,400 $ 3,360 19,200 17,640 8,400 3,360 25,600 23,240 11,200 3, 360 32,000 28,840 14,000 3,3601. 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? $Answer 3. What is the expected total cost for Group C if volume is 0?
- Curiumber Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range or output as follows. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Rent Cost 11.000 $5,290 5,290 8,464 8,464 8,464 8,464. 8,464 8.464 10.580 10,000 10,580 10.580 Direct Materials $4,200 7,200 7,200 9,600. 12,000 14,400 16.800 19,200 30.999 37,030 46.552Following are four series of costs measured at various volume levels. Identify each series as either fixed, variable, mixed, or step-wise. Hint. It can help to graph each cost series. Volume Series A Series B Series C Series D (Units) 0 400 800 1,200 1,600 2,000 2,400 Series A $ 2,540 3,140 3,740 4,340 4,940 5,540 6,140 Series B $ 1,040 1,040 2,080 2,080 3,120 3,120 4,160 Series C $ 5,040 5,040 5,040 5,040 5,040 5,040 5,040 Series D $0 3,640 7,280 10,920 14,560 18, 200 21,840Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: LOADING... (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 2,833 units Sale price per unit $200 Variable costs per unit 80 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio % Data Table A B C Number of units 2,833 units 3,100 units 5,600 units Sale price per unit $200 $3,000 $125 Variable costs per unit 80 1,500 100 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio
