Question
keys spas inc. reports the following information for august. sales revenue: $780,000 Variable cost: 150,000 fixed costs: 80,000 calculate gross margin for august A.) 630,000
keys spas inc. reports the following information for august. sales revenue: $780,000 Variable cost: 150,000 fixed costs: 80,000 calculate gross margin for august A.) 630,000 B.) 70,000 C.) 550,000 D.) 700,000
2.) which of the following is considered a period cost under variable costing but not under absorption costing? A.) fixed selling and administrative costs B.) variable selling and administrative costs C.) variable manufacturing costs D.) fixed manufacturing overhead
3.) the high-low method is used to A.) determine the highest that can be charged for a product B.) determind the sales level at highest capacity C.) identify the relevant and irrelevant costs of business D.) seperated mixed costs into their variable and fixed components
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started