Howw much are the contract costs incurred in 20x2?

Q: What is the Equivalent Annual Operating Cost?

A: Equivalent annual cost (EAC) is the yearly expense of owning, managing, and operating an asset over…

Q: The contract rate is above the market rate. The contract rate is equal to the market rate.

A: The correct answer is option (a) The contract rate is above the market rate.

Q: How is the total payment under a unit-price contract determined? When is such a contract likely to…

A: Unit price contract is a common pricing contract which is based on each unit or task of the…

Q: 6. What are costs that vary in proportions to changes in the activity base?

A: In cost accounting, different types of costs are incurred and accounted for. Some costs do not…

Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…

A: Accumulated Benefit Obligation and Projected Benefit Obligation both are terms used in the pension…

Q: Explain with example Annual Equivalent Cost Comparison with Unequal Project Lives?

A: Equivalent annual worth technique is the analysis technique that is used for taking capital…

Q: How can we determine the non-recurring costs such as capital expenditure and residual value at the…

A: Non-Recurring Costs: These are the cost that does not re-occur or occur again and again in the usual…

Q: What is the difference in Forward Contracts and Future Contracts

A:

Q: 17. What are costs that remain the same in total dollar amount as the activity base changes?

A: The costs that remain same in total dollar amount is  Both cost per unit and activity base are…

Q: Question 44 Which of the following is most likely a fixed cost? A. Labor cost. B. Energy cost.C.…

A: Fixed Cost: Such costs do not vary with the increase or decrease in the volume of production.…

Q: What is meant by Minimum Lease Payment?

A: Lease: It is an agreement between two parties in which one party agrees to give an asset on lease…

Q: what is fixed-price contract, and what are the benfit of chosing it

A: A contract where the price is fixed as negotiated by the parties is known as a Fixed Price Contract.…

Q: What is break-even analysis and expenses concepts?

A: Break-even analysis is a financial analysis method that assists firms in determining the point at…

Q: After all costs have been accounted for, how much money will be made to cover them

A: The Answer :

Q: For what reasons should the percentage-of-completionmethod be used over the completed-contract…

A: Completed contract method: In this method the revenue and profit are recognized only after the…

Q: Which of the following is NOT recurring cost A. Material cost B. Expediting cost C. Workers cost D.…

A: Recurring cost refers to a cost that is repeated or reoccurs on a regular basis. This type of cost…

Q: Which one is fixed cost اخترأحد الخیارات a. Both A & B O b. Rent,salaries, Insurance O c. Only B…

A: The fixed costs are the costs which remain fixed for the period of time.

Q: Problem 1-45 (Static) Cost Data for Managerial Purposes (LO 1-3) [The following information applies…

A: Answer:- Differential cost:- Cost accounting uses the financial concept of differential cost, often…

Q: Which of the following cost per unit remains fixed in respect of the volume of production. a.…

A: Some cost do not change with the level of activity of production.

Q: Which among the following cost encourage management to focus on life cycle costing? a. Maintenance…

A: Life cycle costing is a method of adding up all the cost related with  an asset starting from its…

Q: What are the short and longer consequences of recognising cable revenue costs as capital spending

A: A company's capital expenditures (CapEx) are cash outlays for the purchase, improvement, and…

Q: True or false Amortization is the spreading out of a cost over a period of time  ?

A: Cost refers to the amount incurred by the entity over a particular item of expense, asset or…

Q: Question: Is there an “ideal” number of factors in the Evaluation process? Should factors be limited…

A: There is no “ideal” number of factors for the Evaluation process, as it will depend on the scope and…

Q: Is variable consideration included in the calculation of a contract’s transaction price? If so, how…

A:

Q: Ryan secured a lease on a machine by paying $1,350 as a down payment and then $900 at the beginning…

A: Down Payment = 1350 Beginning of period payments on loan Monthly Payment = 900 Time Period = 5 Years…

Q: Which among the following cost encourage management to focus on life cycle costing? a. Warranty…

A: All of following cost encourage management to focus on life cycle costing:: Warranty…

Q: Can the present value of minimum lease payments differ between the lessor and lessee? If so, how?

A: Leases: Lease is a contractual agreement whereby the right to use an asset for a particular period…

Q: Which project would be least sensitive to a change in directly attributable fixed costs if the…

A: The formula to determine the profits is as follows:Profits = Contribution Margin - Fixed CostsSo,…

Q: These are costs that vary in unit. a• Variable Cost b• Fixed Cost c• Mixed Cost d• Relevant Cost

A: SOLUTION-   FIXED COST  WILL NOT CHANGE IN TOTAL WITH IN  A REASONABLE RANGE OF VOLUME OR ACTIVITY .…

Q: Define Long-term contract

A: Meaning of Contract: An agreement between two private parties that creates mutual legal obligations.…

Q: What Is Fixed-Price Contract with Redetermination?

A: A fixed-price contract with prospective price redetermination provides for-       (a) A firm fixed…

Q: What is the future worth of a uniform series payment?

A: The future worth is the value of an asset at a predefined future date which increases at a specific…

Q: An example of "piece rate" compensation is: executive compensation. fee for service compensation.…

A: Compensation : Compensation is paid to employees for services received. Generally compensation is…