Classify each of the following costs as variable, fixed, semi-variable, or step-fixed (sales volume is the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Classify each of the following costs as variable, fixed, semi-variable, or step-fixed (sales volume is the cost driver). Power consumption in a restaurant Total selling and administrative costs (including commission and salaries) The cost of an automobile rented on the basis of a daily charge plus $30 per mile Salaries of two secretaries in the corporate office Raw materials used in production Cost of nurses at a factory whereby one nurse is required for every 100 employees Choose... Choose... Choose... Choose... Choose... Variable O + # 수 ◆ " Classify each of the following costs as variable, fixed, semi-variable, or step-fixed (sales volume is the cost driver). Power consumption in a restaurant Total selling and administrative costs (including commission and salaries) The cost of an automobile rented on the basis of a daily charge plus $30 per mile Salaries of two secretaries in the corporate office Raw materials used in production Cost of nurses at a factory whereby one nurse is required for every 100 employees Choose... Choose... Choose... Choose... Choose... Variable O + # 수 ◆ "
Expert Answer:
Answer rating: 100% (QA)
Power consumption in a restaurant Variable cost The more customers a restaurant has the more power i... View the full answer
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
Students also viewed these accounting questions
-
Explain the impact of economics and business on financial reporting. Justify TWO (2) differences in the role of accounting theory.
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Classify each of the following costs as fixed or variable: a. Credit card transaction fee paid by retailer$0.20 per transaction plus 2% of the sales amount b. Yearly salaries paid to marketing staff...
-
Estimate the errors involved in Exercise 63, parts (a) and (b). How large should be in each case to guarantee an error of less than 0.00001?
-
Repeat Problem 9150 using helium as the working fluid.
-
Perform the same computation as in Prob. 28.15, but rather than using a constant wind force, employ a force that varies with height according to (recall Sec. 24.2) (z) = 200z/5 + z e-2z/30
-
When a write of attachment may be obtained?
-
An investor requires a return of 12 percent. A stock sells for $25, it pays a dividend of $1, and the dividends compound annually at 7 percent. Will this investor find the stock attractive? What is...
-
8 Marcy's Incorporated, operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2019 second- quarter report, the company reported Cost of Goods Sold of $4,100...
-
1. Which process should VBB choose to produce?? 2. How much would VBP be willing to pay for the testing that is currently offered, for each batch?? 3. Would we be considered a perfect test, at twice...
-
Explain why you believe there should or should not be laws in place to protect ex-offenders from bias and discrimination.
-
True or False: The resonant natural frequency of a seismic transducer is in its lower useful range.
-
True or False: Accelerometers must be used instead of proximity probes to see gear mesh frequencies.
-
What can be used for a velocity output without the negative aspects of a seismic transducer?
-
Because stress is a complex and highly personalized process, some individuals see a specific situation as a threat, whereas others see the same situation as a challenge or opportunity. TRUE/FALSE.
-
Process theories of motivation assist managers in predicting employees' behavior so that the behavior may be influenced if necessary. TRUE/FALSE.
-
Prepare a profit variance analysis for the Superior Plant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
List three characteristics of an effective performance measure.
-
"I was trained as an engineer, I work as an engineer, and I intend to retire as an engineer. Why on earth would I want to learn accounting?" Linda Payton, a senior production engineer at a Fortune...
-
Hansen and Companys annual overhead budget equals $7,200,000 of fixed costs plus $80 per labor hour in variable costs. For the most recent year, budgeted direct labor hours were 100,000. Actual total...
-
The steps, in order, in the decision-making process are (a) identify issue, analyse information, gather information, identify decision-making tool, evaluate results; make a decision. (b) gather...
-
Which of the following is not a typical accountants role? (a) A financial controller. (b) A marketing manager. (c) An auditor. (d) All of the above are roles of an accountant.
-
Describe the financial reporting environment. Indicate whether each statement is true or false. (a) Accounting standards are set by the Financial Reporting Council. (b) The ASX Listing Rules are only...
Study smarter with the SolutionInn App