Can you classify the expenses listed as Variable or Fixed Costs? VARIABLE COSTFIXED COST1.Ads: Print, Radio, TV2.Directional Signs3.Posters, Flyers4.Hotel accommodation for participants5.Power Generator6.Stage Decor7.Venue Rental8.Permit(s)/License9. Celebrity Talent Fees10. Sound System11. Food and Beverage for participants12. Prizes13. Ticket Sales Fees14. Giveaways for participants15. Medical / First aid Team16. Entertainment17. Transportation (fuel.gas)18. Uniform/Clothes for the Organizers19. Dining out20. Salary21. Insurance22. Property taxes23. Interest expenses 24. Part-timer Staff25. Credit card26. Commission on sales27. Cellphone service28. Internet service29. Raw materials30. Freight out

Variable costs are those costs that change with the change in production. Whereas, fixed cost are…

Answered: Can you classify the expenses listed as…

Business

Accounting

Can you classify the expenses listed as Variable or Fixed Costs

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.4E: Identify activity bases From the following list of activity bases for an automobile dealership,...

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Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Cost Item 1. Labor time to repair products under warranty 2. Radio commercials 3. Labor costs of delivering customer orders 4. Testing of competitor's product 5. Direct manufacturing labor costs 6. Development of order tracking system for online sales 7. Design cost of new product brochures 8. Hours spent designing childproof bottles 9. Training costs for representatives to staff the customer call center 10. Installation of robotics equipment in manufacturing plant Business Function
Hello, I am trying to figure what they are asking for..."What if" Trial & Error" and "Goal Setting"....please see attachment. i can do the work but if you could help with the actual questions. Thank you...please do not handwrite. Port Daily Shore Excursion Revenue Daily Docking Fees Daily Local Taxes Daily Fuel Costs Daily Labor Costs Daily Supplies and materials Total Aruba $25,897 $14,258 $1,189 $1,237 $98,230 $76,390 $217,201 Bahamas $41,777 $45,221 $635 $1,587 $107,250 $85,250 $281,720 Barbados $35,789 $86,254 $526 $1,897 $102,370 $68,730 $295,566 Jamaica $37,899 $52,899 $428 $2,750 $96,320 $88,220 $278,516 Miami $25,894 $72,899 $1,199 $1,674 $102,390 $74,380 $278,436 San Juan $42,879 $88,524 $458 $2,584 $106,450 $73,470 $314,365 St Croix $32,874 $12,455 $850 $4,125 $104,350 $89,230 $243,884 St Martin $24,897 $72,158 $254 $1,528 $102,890 $82,760 $284,487 St Thomas $28,597 $62,548 $1,026 $1,458 $109,370 $78,390 $281,389 St. John $38,974 $12,685 $899…
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The City Museum (TCM) collects and displays historical artifacts from the local area. One of its services is dedicated tours. TCM offers dedicated tours to two groups: local students and donors. TCM has two coordinators for these tours-one for the student tours and one for the donor tours. Data for the quarter on the two groups follow. Student Tours 1, 500 75 Number of visitors Number of tours Donor Tours 750 90 Total 2,250 165 The operational costs associated with the tours have been collected and are presented in the following table. Refreshments, information, and audio guides Tour leaders salaries and benefits Coordinator salaries and benefits (@ $21, 450 per coordinator) Total $27,000 21, 450 42,900 $91, 350
Calculating costs using traditional and activity-based systems Bubba and Danny are college friends planning a skiing trip to Killington before the new year. They estimated the following for the trip: Requirements Bubba suggests that the costs be shared equally. Calculate the amount each person would pay. Danny does not like the idea of sharing the costs equally because he plans to stay in the room rather than ski. Danny suggests that each type of cost be allocated to each person based on the above-listed allocation bases. Using the activity allocation for each person, calculate the amount that each person would pay based on his own consumption of the activity.
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospitals. In the face of declining profits, Med Max decided to implement an activity-based costing system to improve its understanding of the costs incurred to serve each hospital. The company broke its selling and administrative expenses into four activities as shown below: Activity Cost Pool Customer deliveries Manual order processing Activity Measure Number of deliveries Number of manual orders Number of electronic orders Number of line items picked Electronic order processing Line item picking Total selling and administrative expenses Med Max gathered the data below for two of the many hospitals that it serves-City General and County General: Activity City General 10 0 10 100 Required 1 Required 2 County General Activity Cost Pool 20 40 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the total activity costs that would be assigned…
t.php?attempt%3D1347310&cmid3D701917&page3D2 E-learning services SQU Libraries SQU Portal Attendance English (en) Ali decided to install a new internet fiber service. He signed a contract with Company XYZ. The contract states that Ali pays a monthly subscription fee. Ali's monthly internet cost can be classified as a: t of estion Select one: a. Sunk cost b. Fixed cost C. Moderation cost O d. Mixed cost Oe. Variable cost ious page Next page - Answers to Ch3 Additional Exercises Jump to Exam 1 Part 2- Sp20
ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hepworth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patients require more monitoring than others, these activities should be separated. Third, the daily rate should reflect the difference in demands resulting from differences in patient type. Separating the occupancy activity into two separate activities also required the determination of the cost…
1 viyalization-sustaining activity. The following COSTS will be assigned using the activity-based Costing system. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses oints Office expenses Administrative expenses Total cost $ 920,000 350,000 230,000 260,000 120,000 420,000 $2,300,000 eBook The distribution of resource consumption across the activity cost pools is as follows: Hint Pickup and Travel Delivery Customer Service Other Totals Driver and guard wages 50% 35% 10% 5% 100% Print Vehicle operating expense 70% 5% 0% 25% 100% Vehicle depreciation 60% 15% 0% 25% 100% Customer representative salaries and 0% 0% 90% 10% 100% expenses Office expenses 0% 20% 30% 50% 100% Administrative expenses 0% 5% 60% 35% 100% Mc Graw Hill Required: Complete the first stage allocations of costs to activity cost pools. Driver and guard wages Vehicle operating expense Vehicle depreciation Customer representative salaries and expenses Office…
ABC, Resource Drivers, Service Industry Glencoe Medical Clinic operates a cardiology care unit and a maternity care unit. Colby Hep worth, the clinic’s administrator, is investigating the charges assigned to cardiology patients. Currently, all cardiology patients are charged the same rate per patient day for daily care services. Daily care services are broadly defined as occupancy, feeding, and nursing care. A recent study, however, revealed several interesting outcomes. First, the demands patients place on daily care services vary with the severity of the case being treated. Second, the occupancy activity is a combination of two activities: lodging and use of monitoring equipment. Since some patientsrequire more monitoring than others, these activities should be separated. Third, the daily rateshould reflect the difference in demands resulting from differences in patient type. Separating theoccupancy activity into two separate activities also required the determination of the cost of…