Dec 09, 2013 · • Question 17 2 out of 2 points Which of the following is not a variable cost? Answer Selected Answer: rent Correct Answer: rent Answer Selected Answer : …
Units produced..... 2,400 Units sold..... 2,100 Units in ending inventory..... 300 Variable costs per unit: Direct materials..... ₱ 31 Direct labor..... ₱ 11 Variable manufacturing overhead..... ₱ Variable selling and administrative..... ₱ Fixed costs: Fixed manufacturing overhead..... ₱ 79,200 Fixed selling and administrative..... ₱ 8,400 What is the total period cost for the month under the …
Mar 01, 2018 · View Test Prep - FIN 100 week 9 quiz.docx from FIN 100 1142-001 at Strayer University. Question 1 2.5 out of 2.5 points Which one of the following is not a cost to the issuing firm of going public
Which of the following is not a cost classification: mixed variable multiple fixed. lOMoARcPSD|9509576. Question 3 1 / 1 point The "break-even" point is where: contribution margin equals total fixed costs total variable costs equal total fixed costs Downloaded by JAMMIE CHENG ([email protected]) total sales equals total fixed costs total ...
Q.Which of the following is not an example of variable costB.piece-rate wages paid to manufacturing workersC.wood used to make furnitureD.commissions paid to sales personnelAnswer» a. straight line depreciation on a machine expected to last five years1 more row
Wages paid to the factory labour are costs that are directly proportional to the level of production. If zero output is being produced then these costs do not have to be incurred. These costs vary with the level of output produced. Therefore, they are classified as variable costs.
Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees.
Variable costs always vary with production levels, while fixed costs remain the same. For example, direct material costs are always a variable cost, because they will increase or decrease in relation to production levels.Jul 22, 2020
The correct option is (c) Wages. Wages is a variable cost because variable cost change with output and are directly associated with business activity....
Wages is a variable cost.
Variable costs are those costs that vary depending on a company's production volume; they rise as production increases and fall as production decreases. Variable costs differ from fixed costs such as rent, advertising, insurance and office supplies, which tend to remain the same regardless of production output.
To calculate variable costs, multiply what it costs to make one unit of your product by the total number of products you've created. This formula looks like this: Total Variable Costs = Cost Per Unit x Total Number of Units.Jun 24, 2021
A variable is any characteristics, number, or quantity that can be measured or counted. A variable may also be called a data item. Age, sex, business income and expenses, country of birth, capital expenditure, class grades, eye colour and vehicle type are examples of variables.
Direct Variable Costs means the resources and supplies directly consumed in the manufacture of such Product, including, but not limited to, the cost of labor and raw materials.
Variable cost is a production expense that increases or decreases depending on changes in a company's manufacturing activity. For example, the raw materials used as components of a product are considered variable costs because this type of expense typically fluctuates based on the number of units produced.Jun 9, 2021
Understanding Direct Costs Although direct costs are typically variable costs, they can also include fixed costs. Rent for a factory, for example, could be tied directly to the production facility. Typically, rent would be considered overhead.