Question
In: Accounting
Consider the following information: Unit sold 20 40 60 Total salary cost $ 6,000 $ 7,800...
Consider the following information:
| Unit sold | 20 | 40 | 60 | ||||||||||||
| Total salary cost | $ | 6,000 | $ | 7,800 | $ | 9,200 | |||||||||
| Total cost of goods sold | 14,000 | 28,000 | 42,000 | ||||||||||||
| Depreciation cost per unit | $ | 120 | $ | 60 | $ | 40 | |||||||||
Based on the above information, select the correct statement.
Multiple Choice
Cost of goods sold is a mixed cost.
Salary cost is a mixed cost.
Depreciation cost is a variable cost.
If the company sells 20 units for $540 each, it will incur a loss of $200.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Water Cost (in$) Number of house (fi) 20 -<40 16 40 -< 60 9 60 -<...
Water Cost (in$)
Number of house (fi)
20 -<40
16
40 -< 60
9
60 -< 80
12
80 - < 100
10
Total
47
1.Calculate the mean cost of water.
2.Calculate the variance.
3.Calculate the mode
Use the following data of Makrel Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning...
Use the following data of Makrel Sales, Inc.:
Unit
Total
Units
Units
Cost
Cost
Sold
Beginning inventory
18
$6
$108
Purchase on Apr 25
35
7
245
Purchase on Nov 16
13
10
130
Sales
45
?
?
MakrelMakrel
Sales' LIFO cost of ending inventory would be
A.$186.
B.$129.
C.$154.
D.$450.
Following information is available for the company. Date Explanation Units Unit cost Total Cost 1st of...
Following information is available for the company.
Date
Explanation
Units
Unit cost
Total Cost
1st of March 2012
Beginning inventory
15,00
SR 7
SR 10500
5th March
Purchases
3,000
SR 8
24,000
13th March
Purchases
5,500
SR 9
49,500
21st march
Purchases
4,000
SR10
40,000
March 26
Purchases
2,000
SR 11
22,000
Total
16,000
135,500
Requirement: Total units the company sold are
1200. Find the Costs of goods sold for the company through FIFO,
LIFO and Average method.
Consider a monopolist facing the following situation: Quantity 0 10 20 30 40 50 60 70...
Consider a monopolist facing the following situation:
Quantity
0
10
20
30
40
50
60
70
Price
$50
$45
$40
$35
$30
$25
$20
$15
Marginal Revenue
$40
$35
$25
$15
$2.5
$2.5
$15
Total Cost
$100
$370
$700
$960
$1120
$1225
$1650
$2250
Marginal Cost
$27
$35
$26
$16
$11
$43
$60
Average
Total Cost
$37
$35
$32
$28
$25
$28
$32
A. Graph the following:
Demand Curve
Marginal Revenue Curve
Marginal Cost Curve
Average Total Cost Curve
B....
Consider a monopolist facing the following situation: Quantity 0 10 20 30 40 50 60 70...
Consider a monopolist facing the following situation:
Quantity 0 10 20 30 40 50 60 70
Price $50 $45 $40 $35 $30 $25 $20 $15
Marginal Revenue $40 $35 $25 $15 $2.5 $2.5 $15
Total Cost $100 $370 $700 $960 $1120 $1225 $1650 $2250
Marginal Cost $27 $35 $26 $16 $11 $43 $60
Average Total Cost $37 $35 $32 $28 $25 $28 $32
A. Graph the following: Demand Curve Marginal Revenue Curve
Marginal Cost Curve Average Total Cost Curve
B....
Given the data {20, 20, 30, 30, 40, 40, 50, 50, 60, 60}, calculate 1. Gini...
Given the data {20, 20, 30, 30, 40, 40, 50, 50, 60, 60},
calculate
1. Gini coefficient using the quintile distribution.
2. Draw the Lorenz curve with proper labels.
Given the following: Number purchased Cost per unit Total January 1 inventory 40 $ 4 $...
Given the following:
Number
purchased
Cost
per unit
Total
January 1 inventory
40
$
4
$
160
April 1
60
7
420
June 1
50
8
400
November 1
55
9
495
205
$
1,475
a. Calculate the cost of ending inventory using
the LIFO (ending inventory shows 61 units).
Cost of ending inventory
$
b. Calculate the cost of goods sold using the LIFO
(ending inventory shows 61 units).
Cost of goods sold
$
Given the following: Number purchased Cost per unit Total January 1 inventory 40 $ 4 $...
Given the following:
Number
purchased
Cost
per unit
Total
January 1 inventory
40
$
4
$
160
April 1
60
7
420
June 1
50
8
400
November 1
55
9
495
205
$
1,475
a. Calculate the cost of ending inventory using
the weighted-average method (ending inventory shows 61 units).
(Round the "average unit cost" and final
answer to the nearest cent.)
Cost of ending inventory
$
b. Calculate the cost of goods sold using the
weighted-average method. (Round...
Given the following: Number purchased Cost per unit Total January 1 inventory 40 $ 4 $...
Given the following:
Number
purchased
Cost
per unit
Total
January 1 inventory
40
$
4
$
160
April 1
60
7
420
June 1
50
8
400
November 1
55
9
495
205
$
1,475
a. Calculate the cost of ending inventory using
the weighted-average method (ending inventory shows 61 units).
(Round the "average unit cost" and final answer to the
nearest cent.)
b. Calculate the cost of goods sold using the
weighted-average method. (Round your intermediate
calculations and final...
Consider the data. xi 3 12 6 20 14 yi 65 40 60 15 20 The...
Consider the data.
xi
3
12
6
20
14
yi
65
40
60
15
20
The estimated regression equation for these data is
ŷ = 75.75 − 3.25x.
(a)
Compute SSE, SST, and SSR using equations
SSE = Σ(yi −
ŷi)2,
SST = Σ(yi −
y)2,
and
SSR = Σ(ŷi −
y)2.
SSE = SST = SSR =
(b)
Compute the coefficient of determination
r2.
(Round your answer to three decimal places.)
r2
=
Comment on the goodness of fit....
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