Yogi Farms rents farming land whichthey use to grow herbal and organicproducts on. Yogi Farms has agreedon a rental fee of R 2 000 per 100m2with the landowner. The landowner'sagreement states that Yogi Farms caruse up to 1 000m2 of the property.Based on Yogi's current productionthey are only making use of 300m2.What type of cost can the rentalexpense be defined as? A. Mixedcost B. Semi - fixed costs C. Semi-variable costs D. Fixed costs

A cost may be classified as variable cost, semi-fixed cost, fixed cost, and mixed costs.…

Answered: Yogi Farms rents farming land which…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In a store that sells souvenirs, suppose an agent receives a $1 commission for each unit sold, and the principal receives the residual profit. As a result, A. no agent would enter into such a contract. B. the agent wishes to sell as many units as he can. C. joint profit is maximized. D. the agent will sell until the principal's marginal cost equals $1.
Analyze Star Stream's cost-vol ume-profit relationships Star Stream is a subscription-based video streaming service. Subscribers pay $120 per year for the service. Star Stream licenses and develops content for its subscribers. In addition, Star Stream leases servers to hold this content. These costs are not variable to the number of subscribers, but must be incurred regardless of the subscriber base. In addition, Star Stream compensates telecommunication companies for bandwidth so that Star Stream customers receive fast streaming services. These costs are variable to the number of subscribers. These and other costs are as follows: Enter your answers in whole dollars. Server lease costs per year $100,000,000 Content costs per year 2,000,000,000 Fixed operating costs per year 900.000,000 Bandwidth costs per subscriber per year 15 Variable operating costs per subscriber per year 25 a. Determine the break-even number of subscribers. subscribers b. Assume Star Stream planned to increase…
Fulton Family Farms produces $190 worth of corn and sells it to Apna Popcorn Co. • Apna Popcorn Co. produces $330 worth of popcorn and sells it to Friendly Groceries. • Friendly Groceries sells the popcorn at its stores to consumers for $780. What is the value-added of Apna Popcorn Co.? Do not enter the $ sign. Answer:
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6. Fabulous Fabricators needs to decide how to allocate space in its production facility this year. It is considering the following contracts: a. What are the profitability indexes of the projects? b. What should Fabulous Fabricators do? **round to two decimal places**
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Bathrooms and kitchens are typically the most important selling features of s home. Rouse Builders could differentiate the homes by upgrading the atmos and kitchens. The upgrades would cost $22,000 per home bur would enable Rouse Builders to increase the selling prices by $38.500 per home (Kitchen and bathroom upgrades typically add about 175% of their cost to the value of any home.) If Rouse Builders makes the upgrades, what will the new co-phus price per home be? Should the company differentiate in product in this manner?
Video Planet (VP) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,810, sells the remote separately for $130, and offers the entire package for $2,020. VP does not sell the installation service separately. VP is aware that other similar vendors charge $180 for the installation service. VP also estimates that it incurs approximately $130 of compensation and other costs for VP staff to provide the installation service. VP typically charges 40% above cost on similar sales. Required: 1. to 3. Estimate the stand-alone selling price of the installation service using each of the following approaches. Adjusted market assessment Expected cost plus…
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