Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis. Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost. Requirement-1: To calculate: Find Difference between in the cost between making and buying?

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Answer 1

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

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Problem No. 1 On January 1, 2025, Manuel Cruz and Sherimae Diasalo agreed to form a partnership that will manufacture and sell biscuits. The partnership agreement specified that Cruz is to invest cash of P1,000,000 and Diasalo is to contribute land and building to serve as the office and factory of the business. The following amounts are applicable to the property of Diasalo: Acquisition Cost Fair Market Value Land Building P1,000,000 500,000 P1,500,000 850,000 During the formation, it was found out that Cruz has accounts receivable amounting to P70,000 and the partners agreed that it will be assumed by the partnership. The name of the partnership will be Fita Pan. Required: 1. Prepare journal entry to record: a. The investment of Cruz to the partnership b. The investment of Diasalo to the partnershipood relay ni 000,219 2. Prepare the statement of financial position of the partnership as of January 1, 2025 Problem No. 2 The trial balance of Cleint Lumanao Nacho Supplies on February…

A company's stock price is $80, with earnings per share (EPS) of $10 and an expected growth rate of 12%.

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Answer 2

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 6

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

Answer 7

Chapter 7, Problem 6E

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-1:

To calculate:

Find Difference between in the cost between making and buying?

Answer 8

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

Answer 9

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To calculate:

Should we buy the product or make them.

Answer 10

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 11

To determine

Concept introduction:

Variable Cost: Those cost which are increases as the output of the product is increases are called variable cost and it remains same on per unit basis.

Fixed Cost: All those cost which are same in totality and incurred to the company irrespective of the output then it is called fixed cost.

Requirement-2:

To identify:

If Company making profit of $35000 currently then your advice changes or not?

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 7 - Briefly describe the five steps of the management...Ch. 7 - Suppose you are considering a part-time job to...Ch. 7 - Prob. 3Q Ch. 7 - What are criteria for a cost to be considered...Ch. 7 - Prob. 5Q Ch. 7 - Explain opportunity cost and list two opportunity...Ch. 7 - Why should opportunity costs be factored into the...Ch. 7 - Explain excess capacity and full capacity. Include...Ch. 7 - How e the concepts of full capacity and...Ch. 7 - Prob. 10Q

Solution Summary: The author explains the difference between variable cost and fixed cost. Variable cost increases as the output of the product increases.

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