FREE Trial

Which of the following is an example of a variable cost? a. Insurance premium for fire insurance on the factory building b. The salary of the company president c. Wood used to make custom tables d. Rent for use of

Which of the following is an example of a variable cost?
a. Insurance premium for fire insurance on the factory building
b. The salary of the company president
c. Wood used to make custom tables
d. Rent for use of a storage warehouse
e. Depreciation on the factory building

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

The correct answer is C a FALSE An insurance premium is a fixed cost because the cost does not var…View the full answer


answer-question
Related Book For  answer-question
Accounting concepts and applications

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

See More Books
Question Details
Chapter # 15
Section: Practice Exercises
Problem: 8
Posted Date: December 27, 2011 10:55:29
See More Questions

Students also viewed these Managerial Accounting questions

Q:
Which of the following is an example of a community risk factor? a. bonding, norms, and resources. b. attitudes, values, knowledge, and skills. c. bonding, climate, policy, and performance. d....
A:
Solution Community Risk Factors What are the risk fact......
Q:
Which of the following is an example of a negative externality? Christina accepting a payment in cash rather than in check for her laundry services Smith reducing the consumption of imported wine...
A:
The correct option is Tom playing music loudly in his room disturbing his roomma......
Q:
Which one of the following is an example of a financing activity? a. Cash payments to purchase debt or equity securities of other entities (other than trading securities) b. Cash payments to...
A:
The correct answer is B a This is an examp......
Q:
For the Somerset furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a time line from the initiation of a purchase order to product delivery....
A:
Following is the variable timeline for product lead time 1 Develop purchase order 12 to 25 days 2 Pr......
Q:
First In Company reported profit of $90,000 in 2013. When counting its inventory on December 31, 2013, the company forgot to include items stored in a separate room in the warehouse. As a result,...
A:
a The understatement of ending inventory caused cost of goods sold to be overstated by 7000 and prof......
Q:
Minutemen Law Services maintains its books using cash-basis accounting. However, the company decides to borrow $100,000 from a local bank, and the bank requires Minutemen to provide annual financial...
A:
To prepare an accrualbasis income statement for Minutemen Law Services for the year ended December 3......
Q:
The following information is from the bank transfer schedule prepared during the audit of Fox Co.s financial statements for the year ended December 31, 2018. Assume all checks were dated and issued...
A:
a 2......
Q:
The pulley in Fig. 9.35 has radius R and a moment of inertia l. The rope does not slip over the pulley, and the pulley spins on a frictionless axle. The coefficient of kinetic friction between block...
A:
IDENTIFY Apply conservation of energy to the system consisting of blocks A and B and the pulley SET......
Q:
The cash flow profile for an investment is given below and the interest rate is 6.5% compounded annually. End of Year Net Cash Flow End of Year Net Cash Flow 0 4 1 5 2 6 3 7 $0 - $500 $200 $400 -...
A:
SOLUTION To solve this problem we will calculate the future worth present worth using the actual cas......
Q:
Refer to DCdesserts.coms activity-based flexible budget in Exhibit 1111. Suppose that the companys activity in June is described as follows: In Exhibit 1111 Process...
A:
1 Flexible budgeted amounts using activitybased flexible budget a Indirect material 33000 18000 30......
Q:
Which of the following is not an example of evaluating? a. Comparing actual costs and budgeted costs b. Budgeting costs between various departments c. Assessing the performance of products and...
A:
The correct answe......
Q:
Which one of the following is an example of a product cost for a manufacturing company? a. Office supplies at corporate headquarters b. Wages paid to office staff c. Fire insurance premium on office...
A:
The correct answer is D Assemblyline workers are......
Q:
According to the IRS, about 17% of income goes unreported each year for tax purposes. Does the Issue-Contingent Model of moral intensity give you any insights into why cheating on income taxes is so...
A:
The magnitude of harm seems to many to be small at least relative to total tax collections total gov......
Q:
This question will show an efficient way for using the method of undetermined coefficients when the non-homogeneous part is of the form eat cos(bt) or eat sin(bt) (and this also works if a = 0)....
A:
Click to View...
Q:
Read the case scenario and answer the questions below. The policy described in the scenario uses the Causes of Loss - Special Form attached below. Please read the policy carefully before answering...
A:
To adequately answer the questions I would need the specific details and wordings of the Commercial Property policy including the Causes of Loss Special Form However based on the information provided......
Q:
Answer the following questions related to communication: A large part of communicating is listening well. You should listen closely to others instead of concentrating on what you are going to say...
A:
1 Listening Well in Communication Listening well is indeed a fundamental aspect of effective communication When we listen closely to others without fo......
Q:
Modify lab2f.py (attached pic) , add an IF statement to the script that checks to see if a argument was entered. If a argument was entered use that number for the timer, if no argument was entered,...
A:
There are some syntax errors in your provided script Her......
Q:
Consider a dog boarding service. Pet owners pay fees based on dog weight and length of stay. Write a console application that prompts the user for their dog's weight and length of stay in hours and...
A:
Click to View...
Q:
Evaluate the following line integrals. (x - 2xy + y) ds; C is the upper half of the circle r(t) = (5 cos t, 5 sin t), for 0 t , with counterclockwise orientation.
A:
ANSWER To evaluate the line integral C x2 2xy y2 ds where C is the upper half of the......
Q:
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...
A:
As in the case of the previous exercise the intent of this exercis......
Q:
Do you believe that Social Security is unfair to women? To younger workers? Why or why not? If you think that Social Security is unfair, what could be done to make it more fair? What other problems...
A:
The system is gender neutral If women receive lower......
Q:
Do you believe that Zachariah Crabtree is a person of integrity? What about David Robinson? Defend both of your answers. Does Robinson have an inappropriate relationship with Crabtree? Explain.
A:
You may want to point out to your students that integrity is one of the ethical principles included in the AICPAs Code of Professional Conduct The discussion of that ethical principle within the Code......
Q:
Do you believe the current system is fair (if not, recommend changes; Hint reconsider any expenses that are included that are not controllable by product-line managers as an argument can be made that...
A:
Click to View...
Q:
Apply the product rule for exponents, if possible. y 4 y 5 y 6
A:
To apply the product rule for exponents you need to have the same base In this case the bas......
Q:
Avant Corporation's November inventory activity follows. Avant uses a periodic inventory system. Required a. Compute the ending inventory and cost of goods sold under the FIFO, LIFO, and weighted...
A:
a FIFO Beginning inventory 1760 Purchases 6080 2700 3380 Cost of goods available 7840 Ending invento......
Q:
The intensity of light entering water is reduced according to the exponential equation I = I 0 e -kd where I is the intensity d feet below the surface, I0 is the intensity at the surface, and k is...
A:
LnReg yablnx a4584597493 b12130890......
Q:
Describe how auditors use sampling and data-analytics tools for obtaining and evaluating audit evidence.
A:
Auditors use sampling in testing both controls and account bal......
Q:
Actual revenues are greater than budgeted for December, so our revenue variance is favorable. Give an example of when this would be good news and when it could be bad news.
A:
Selling more units of a product or service assuming the......
Q:
Can an individual be compelled under the law to unlock a smart phone (cell phone)? Issue: Is existing law sufficient to protect an individual's rights when law enforcement agencies seek access to...
A:
Introduction In the case of State of Oregon v Pittman the Oregon Supreme Court ruled that the police cannot compel a suspect to unlock their smartphone using a passcode or fingerprint The court held t......
Q:
Define unemployment. Should everyone who does not hold a job be considered unemployed? To help with your answer, draw a supply and demand diagram depicting the labor market. What is measured along...
A:
The unemployed are those who are not working for pay or profit but who have made specific......
Q:
Consult Paragraphs 21-22 of PCAOB Auditing Standard No. 5. Comment on how your understanding of Enrons control environment and other entity-level controls would help you implement a top-down approach...
A:
According to paragraph 21 of PCAOB Auditing Standard No 5 The auditor should use a topdown approach......
Q:
Consult Sections 204 and 301 of SARBOX. What is the role of the audit committee in the financial reporting process? Do you believe that an audit committee can be effective in providing oversight of a...
A:
The audit committee plays an important role as a liaison with a companys auditor According to Sectio......
Q:
The Ripcord Parachute Club of Burlington employs three people and pays them on a weekly basis. Payroll data for the four weeks in February 2018 are shown below. Assumptions Employees pay 100% of the...
A:
a b c Feb 7 Employee Benefits Expense CPP Payable El Payable Pension Pl......
Q:
What current company would benefit greatly from digital audience research, and how could digital data driven method, survey method and using an experiment aid in the research of that company?
A:
A current company that could greatly benefit from digital audience research is a streaming platform like Netflix Digital audience research is vital fo......
Q:
Prepare a speech that presents your campaign and will help gain the attention of your audience by doing the following: Write a speech that, when delivered, is between 5-7 minutes. The speech should...
A:
Ladies and gentlemen Thank you for joining me today as I unveil an exciting communication campaign that has the potential to bring about positive change in our community Over the next few minutes Ill......
Q:
What are some of the rules of friendships? Think of someone you would consider and aquaintance and someone you would consider a 'good' friend. Now think of someone you would consider your 'best'...
A:
Friendship is a complex and dynamic aspect of human relationships and the rules of friendships can vary from person to person However there are some common principles and expectations that often apply......
Q:
Your company has $100 million available for investment in the following potential investment opportunities: Project NPV Initial Investment $15 million $50 million $10 million $60 million $35 million...
A:
To rank the investment projects based on profitability we can calculate the Profitability Index PI f......
Q:
Company A plans to offer its preferred stocks on a non-cumulative and non-participating basis. by guaranteeing the distribution price (underwritten price) at 10 baht Seller Price Guarantee...
A:
To calculate the cost of preferred stock for Company A well use the formula for the cost of preferre......
Q:
Determine whether the statement is true or false. If it is true, explain why. If it is false, explain why or give an example that disproves the statement.
A:
True......
Q:
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
A:
Click to View...
Q:
Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bonds. Using the U.S. tax rate schedule, how much federal tax will she...
A:
Campbellwill owe 11585825 in federal income tax this year......
Q:
A single taxpayer has $15,000 of ordinary taxable income in 2013, a $9,000 long-term capital gain on the sale of an antique painting, a $10,000 unrecaptured Section 1250 gain on realty, and a $25,000...
A:
a Tax liability 8066 Total taxable income including all capital gains is 59000 Tax is first determin......
Q:
A single taxpayer has $15,000 of ordinary taxable income in 2016 (after his exemption and standard deduction but before consideration of the following recognized gains), a $9,000 long-term capital...
A:
a Tax liability 783825 Total taxable income including all capital gains is 59000 Tax is first determ......
Q:
A rectangular loop of wire with sides 0.20 and 0.35 m lies in a plane perpendicular to a constant magnetic field (see part a of the drawing). The magnetic field has a magnitude of 0.65 T and is...
A:
The magnitude of the emf induced in the loop can be found using Faradays......
Q:
Erik Co. elects to use the percentage-of-sales basis in 2012 to record bad debts expense. It estimates that 2% of net credit sales will become uncollectible. Sales revenues are $800,000 for 2012,...
A:
Bad Debts Expens......
Q:
An egg falls off a table. The floor is 0.8 m from the table-top. a. Calculate the time taken to reach the ground. b. Calculate the velocity of impact with the ground.
A:
a Here given distance h 08 m We know gravitational......
Q:
Some stellar constellations are spiral-shaped objects. Therefore, no stellar constellations are spiral-shaped objects. Use the modern square of opposition to determine whether the following immediate...
A:
Click to View...
Q:
McLain Corporation sold $6,000,000, 9%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014 and pay interest on July 1 and January 1. McLain Corporation uses the straight-line...
A:
a Jan 1 Cash 6000000 X 102 6120000 Premium on Bonds Payable 120000 Bonds Payable 6000000 July 1......
Q:
Would you feel comfortable if your employer (current or future) or your industry's professional organization assigned you to file a comment on its behalf? Why or why not? What do you think you might...
A:
1 Comfort Level Some individuals might feel comfortable representing their employer or industrys professional organization in filing a comment This co......
Q:
Find I and the power absorbed by each element in the network of Fig. 1.30. 44 A 10 A ) 15 V 15 V +. (1+
A:
I 10 4 6 amps Calculating the power absorbed by each element means we need to fin......
Q:
(3)Find the last five digits of 7^4000(7 to the power of 4000) using fast exponentiation. You can use a calculator for intermediate steps. (You will be working mod 100,000.)
A:
The last five digits of 7 may be determined as follows P......
Q:
A system to aid and control the walk of a partially disabled person could use automatic control of the walking motion [25]. One model of a system that is open-loop unstable is shown in Figure DP7.6....
A:
Click to View...
Q:
Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest dollar Principal Rate $10,000 $25,000 A $50,000...
A:
Principal Rate Interest Duration Interest Value Maturity 10000 10 12......
Q:
A company project will require an initial investment of $2,700,000 and produce $1,000,000 annual cash flows for three years. What is the Net Present Value of the project if the required return is...
A:
To calculate the Net Present Value NPV of the project you......
Q:
Shares in Vandelay Industries trade for $46.12. Call options with a $45 strike price are selling for $4.80 and put options with the same strike price are selling for $2.45. A) What is the break-even...
A:
To calculate the breakeven prices for long positions in both the call and......
Q:
Optimum Control Problem using Hamiltonian 2. min 1 = (+u} UU)dt u s. t. y = U_Y(0) = 1 y(2) = 1 Y'2 = U Y (0) = 2 y (2) free Economic Mathematics
A:
kindly......
Q:
Lets consider an application that uses a NoSQL database at the backend. Assume the required data is available at cluster A, which is far away from the client machine B, and the data have to crossover...
A:
NoSQL databases employ various memory types and caching mechanisms to enhance system performance especially in scenarios where data is distributed across remote clusters Here are ways NoSQL systems us......
Q:
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
A:
The objective here is to stimulate selfanalysis The following list of active listening problems......
GAAP Guidebook 2022 Edition - ISBN: 1642210765 - Free Book