Question

In: Accounting

Can fixed and variable costs be mixed and matched according to direct, indirect, period , and...

Can fixed and variable costs be mixed and matched according to direct, indirect, period , and product?

Solutions

Expert Solution

ekkarill92 answered 8 months ago
Next > < Previous

Related Solutions

Classify the costs below as: Product-Direct, Product-Indirect, or Period AND Variable cost, Fixed cost, or Mixed...
Classify the costs below as: Product-Direct, Product-Indirect, or Period AND Variable cost, Fixed cost, or Mixed cost.   Below are budgeted income statements at different team levels, use the information to answer the questions below: Number of Teams 15 25 30 Product Direct, Product Indirect or Period Fixed/         Variable Sales $1,500 $2,500 $3,000 Cost of Goods Sold           Direct Materials 75 125 150           Direct Labor 150 250 300           Applied Overhead 575 625 650 Gross Profit $700 $1,500 $1,900 Selling...
Classify the costs below as: Product-Direct, Product-Indirect, or Period AND Variable cost, Fixed cost, or Mixed...
Classify the costs below as: Product-Direct, Product-Indirect, or Period AND Variable cost, Fixed cost, or Mixed cost.   Below are budgeted income statements at different team levels, use the information to answer the questions below: Number of Teams 15 25 30 Product Direct, Product Indirect or Period Fixed/         Variable Sales $1,500 $2,500 $3,000 Cost of Goods Sold           Direct Materials 75 125 150           Direct Labor 150 250 300           Applied Overhead 575 625 650 Gross Profit $700 $1,500 $1,900 Selling...
Direct and Indirect Costs; Variable Costs
The following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July.Corporate legal office salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $56,000 Apparel Department cost of sales—Evendale Store. . . . . . . . . . . . $90,000 Corporate headquarters building lease . . . . . ....
Discuss the classification of direct and indirect, fixed and variable costs for a company that manufactures...
Discuss the classification of direct and indirect, fixed and variable costs for a company that manufactures or provides services in the same sector as your selected final project company. Identify two direct cost and two indirect costs that would be material amounts of the total COGM, and indicate whether these would be fixed or variable and why you consider them fixed or variable.
Distinguish between full, direct, and indirect costs. Distinguish among average, fixed, and variable costs. What can...
Distinguish between full, direct, and indirect costs. Distinguish among average, fixed, and variable costs. What can a manager do if a break-even analysis indicates that a venture will lose money? (2-3 paragraphs)
Variable, Fixed, and Mixed Costs Classify the following costs of activity inputs as variable, fixed, or...
Variable, Fixed, and Mixed Costs Classify the following costs of activity inputs as variable, fixed, or mixed. Identify the activity and the associated activity driver that allow you to define the cost behavior. For example, assume that the resource input is “cloth in a shirt." The activity would be "sewing shirts," the cost behavior "variable," and the activity driver "units produced." Prepare your answers in the following format: Activity Cost Behavior Activity Driver a. Flu vaccine Assembling Delivering orders Filing...
1. Many costs can be easily classified as variable or fixed. Mixed costs are generally analyzed...
1. Many costs can be easily classified as variable or fixed. Mixed costs are generally analyzed (via High/Low method, Least squares method, scattergraph) to determine the fixed and variable components. You are assisting management in the preparation of operational goals for next year. You note that mixed costs were less than 3% of total costs. Would you recommend that mixed cost be analyzed to determine the fixed and variable components? Not analyze the mixed costs? If not, what? 4. What...
Explain step costs and mixed costs. Is it possible to classify these as variable or fixed?...
Explain step costs and mixed costs. Is it possible to classify these as variable or fixed? Is it possible for a particular cost to be classified as variable in one decision making situation and fixed in another situation? Explain.
Discuss what fixed, variable, and mixed costs are and the high-low method for dealing with mixed...
Discuss what fixed, variable, and mixed costs are and the high-low method for dealing with mixed costs
Explain the different types of costs (variable, fixed, sunk, opportunity, direct, indirect). Give 1-2 examples of...
Explain the different types of costs (variable, fixed, sunk, opportunity, direct, indirect). Give 1-2 examples of each type of cost and explain how these costs will be applied during the manufacturing process. How would an error in accounting affect your ability to glorify God?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT