which of these items) is relevant in deciding which tour to offer? A. Revenue B. Revenue...

which of these items) is relevant in deciding which tour to offer?

A. Revenue

B. Revenue and Variable Costs
C. Variable costs

D. Variable and Fixed Costs

Expert Solution

B. Revenue and Variable Costs

At the time of deciding which tour to offer, we consider revenue and variable costs. Fixed Costs are to be incurred irrespective of the tour offered.Hence correct answer is Revenue and Variable Costs.

ekkarill92 answered 2 years ago

Determine an A-B-C classification for these items: • Which items are A, B, and C -...

Determine an A-B-C classification for these items: • Which items are A, B, and C - explain how you derive the answers? Item Unit Cost Annual volume(000) 1 300 25 2 90 30 3 30 60 4 50 10 5 15 70 6 100 40 7 10 60 Hint: Determine the Annual Dollar Value (Unit Cost * Annual Volume) for each item and the sum of the individual Annual Dollar Values. Arrange the items in descending order based on Annual...

The EOQ model is most relevant for which one of the following? a. ordering items with...

The EOQ model is most relevant for which one of the following? a. ordering items with dependent demand b. determination of safety stock c. ordering perishable items d. determining fixed interval order quantities e. determining fixed order quantities

Which of the following costs would be considered relevant when deciding between two products to produce?...

Which of the following costs would be considered relevant when deciding between two products to produce? Select one: A. Level of direct materials required B. Additional investment in factory equipment for one product C. Amount of additional direct and indirect labor D. The opportunity cost associated with one or the other product E. All of the above In the decision to make or buy a new component, if a company is producing at full capacity then the only factors that...

1)The EOQ model is most relevant for which one of the following? a. ordering items with...

1)The EOQ model is most relevant for which one of the following? a. ordering items with dependent demand models b. determination of safety stock c. ordering perishable items d. determining optimal quantities for independent demand models 2)ABC analysis is based upon the principle that a. all items in inventory must be monitored very closely b. there are usually a few critical items (A items), and many items (C items) which are less critical c. the safety stock (in terms of...

Name three ways to identity which part of the Internal Revenue Code is relevant in a...

Name three ways to identity which part of the Internal Revenue Code is relevant in a research project.

B. Which of the following statements if made by one person to another is an offer...

B. Which of the following statements if made by one person to another is an offer and which are not? Be sure to state reasons for your response. Statement #1 – “I am thinking about selling my laptop computer and if I do, I probably would want at least $250 dollars for this lovely piece of equipment.” Statement #2 – “I am selling my laptop computer and the asking price is $250 dollars.” Statement #3 – “ Are you interested...

Understand the concept of relevant revenues and costs. What makes a revenue or cost relevant? ________________________________________________...

Understand the concept of relevant revenues and costs. What makes a revenue or cost relevant? ________________________________________________ ________________________________________________ ________________________________________________ Know and understand the following terms: Avoidable costs _______________________________________________________________ Opportunity costs _____________________________________________________________ Relevant Costs ________________________________________________________________ Differential Costs ______________________________________________________________ Sunk Costs ___________________________________________________________________ Differential Revenues ___________________________________________________________ Understand the concept of Cost Hierarchy and Cost Avoidance. What are the different cost hierarchies and when are they eliminated? ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ Review examples of costs in the above 4 categories that we covered in class...

5. In which one of the following lists are ALL items relevant when computing net employment...

5. In which one of the following lists are ALL items relevant when computing net employment income? A. Employee contributions to a registered pension plan; signing bonus on accepting employment; use of an employer-owned automobile. B. Monthly automobile allowance; dental plan paid for by the employer; promotional cost incurred in selling the employer’s products. C. Subsidized meals in employer’s facilities; life insurance paid by the employer; legal fees incurred to collect unpaid salary. D. Tips and gratuities; dental insurance paid...

Box A contains 7 items of which 2 are defective, and box B contains 6 items of which 1 is defective.

Box A contains 7 items of which 2 are defective, and box B contains 6 items of which 1 is defective. If an item is drawn at random from each box. Find the probability that both items are non- defective. 1/21 19/42 10/13 25/42

Describe the accounting concept that would be relevant when deciding on how to account for a...

Describe the accounting concept that would be relevant when deciding on how to account for a transaction, which involves an owner of a business taking goods for his own use.

Question