Determine the following is best described as a fixed, variable, or mixed cost with respectto product units. Rubber used to manufacture athletic shoes.

Q: a prod

A: Standard costs are the anticipated costs of manufacturing the product. Standard Direct Materials…

Q: Listed below are product costs for production of footballs. Classify each cost as either variable…

A:

Q: Which of the following would be included in the cost of a product manufactured according to variable…

A: Variable costing: Variable costing is a method that considers only the variable cost and ignores all…

Q: Identify the following as fixed costs (F), variable costs (V), or mixed costs(M). direct labor…

A: A cost that changes, in total dollar amount, with the change in the level of activity is called…

Q: Taken together, the direct materials cost and the direct labor cost required to produce tote bags…

A: Prime cost: Prime cost refers to the cost that the firm expenses directly relating to material and…

Q: 1. Wheels 2. Depreciation on worker's tools 3. Wages of assemblers 4. Grease for wheel axles

A: Wheels are considered as direct material because it is a part of the manufacturing unit,…

Q: When materials and supplies are used in a product that will be sold to customers, the usage of the…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :…

Q: Classify the following Business Solutions manufacturing expenses as (a) variable (V) or fixed (F)…

A: Variable price: The expenses are related to the number of commodities produced or services rendered.…

Q: Listed below are product costs for production of footballs. Classify each cost as either variable…

A: Definition: Product Cost: Product cost is the total quantitative value of all the efforts and…

Q: Which of the following items would be treated as indirect cost? Select one: a. Fabric to cover the…

A: Introduction: Indirect costs: The costs which are not directly related the process of manufacturing…

Q: for lamp manufacturing company the cost lamp stack describe ? a)conversion cost b)manufacturing…

A: Product Cost  Product cost is a cost that is used to manufacture or produce a product. Product cost…

Q: Listed below are product costs for production of footballs. Classify each cost as either variable…

A: Definition: Fixed cost: Fixed costs are those costs which remain unchanged even there is a change in…

Q: Jakarta Bike manufactures bicycles and tricycles. For both products, materials are usually added at…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: The following information on the utilization of a new computer programs was collected. No. of tasks…

A: Learning curve Theory states that when a task is done by a labor force repeatedly, the average time…

Q: Which of these costs would be the most difficult to estimate when you know exactly how many units…

A: When you know exactly how many units will be produced, the cost of materials used in the product…

Q: fixed costs (F), variable costs (V), or mixed costs(M).

A: Fixed cost - Fixed cost remains constant irrespective of the level of activity. It is an unavoidable…

Q: ​Wheels, Inc. manufactures wheels for​ bicycles, tricycles, and scooters. For each cost given​…

A: Raw materials: It is the basic input required to manufacture the finished products. The raw…

Q: ould the unit produ

A: RimsPostOverhead costActivity RateActivity LevelAllocated costActivity LevelAllocated costMachine…

Q: NUBD's shop can make 1,000 units of a necessary component with the following costs: Direct materials…

A: Formula: Total fixed component = Fixed overhead + Unavoidable overhead

Q: If JIT manufacturing is used and each manufacturing cell produces a single product, which of the…

A: The costs incurred in the manufacturing process can be classified as direct or indirect cost. The…

Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…

A: Answer:   a: Variable cost b: Direct cost

Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…

A: Variable cost:The costs which are associated with the amount of goods produced or services provided.…

Q: Identify each of the following costs as either a product cost (PROD) or a period cost (PER).…

A:

Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…

A: Variable cost is the cost which changes with the change in production. With every increase in…

Q: Classify the following manufacturing costs of Business Solutions as either (a) variable (V) or fixed…

A: Electricity for workshop is a variable cost.

Q: Classifying costs Wheels, Inc. manufactures wheels for bicycles, tricycles, and scooters. For each…

A:

Q: Which of the following would be included in the cost of a product manufactured according to variable…

A: direct materials: production cost sales commissions: selling cost interest expense: other cost…

Q: A furniture manufacturer who follows ABC, will treat painting of furniture as A. Manufacturing…

A: Activity-Based Costing:-It is a method of costing that identifies the Activities of an organization…

Q: A direct material standard cost is: Group of answer choices The cost of direct materials that…

A: The objective of the question is to understand the concept of direct material standard cost in…

Q: A direct material standard cost is?   The cost of direct materials that should be incurred to…

A: Answer:- Direct materials meaning:- A manufactured product's constituent parts are generally known…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.