Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 17, 2022

1. Which one of the following is a period cost? (2 marks) a) Raw materials b) Direct labour c) Variable overheads d) Fixed overheads

1. Which one of the following is a period cost? (2 marks) a) Raw materials b) Direct labour c) Variable overheads d) Fixed overheads 1. Which one of the following is a period cost? (2 marks) a) Raw materials b) Direct labour c) Variable overheads d) Fixed overheads

Step by Step Solution

★★★★★

3.41 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

d Fixed over head is period cost Explanation 1 Raw materails ad Di... blur-text-image

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

Recommended Textbook for

Intermediate Accounting

Authors: James D. Stice, Earl K. Stice, Fred Skousen

17th Edition

032459237X, 978-0324592375

More Books

Students also viewed these Accounting questions

Question

★★★★★

The company collected $1,000 cash in advance from a customer for services to be rendered. Subsequently, the company rendered the services. Make the journal entries necessary to record (1) The receipt...

Answered: 1 week ago

Question

★★★★★

Question 4 You have just started as the sole full-stack developer for an exciting new start up "Abs App" who are developing a fitness tracker. Your job is to develop the MVP (minimum viable product)...

Answered: 1 week ago

Question

★★★★★

A school district must determine which students from each of the four attendance zones will attend which of the three high schools. The north attendance zone is 8 miles from Central High School, 4...

Answered: 1 week ago

Question

★★★★★

Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to a Roth IRA if: a. Her AGI consists of an $89,400 salary from her employer? b. Her AGI consists of an $89,400...

Answered: 1 week ago

Question

★★★★★

How could have Wal-Mart have foreseen and avoided the negative impact on revenues of pruning its merchandise selection?

Answered: 1 week ago

Question

★★★★★

How has Magic Moments changed over time?

Answered: 1 week ago

Question

★★★★★

What do you think should be preferred and why: permanent night work or a rotating shift system?

Answered: 1 week ago

Question

★★★★★

In 2010, Mike Singletary Corporation had net sales of $600,000 and cost of goods sold of $360,000. Operating expenses were $153,000, and interest expense was $7,500. The corporations tax rate is 30%....

Answered: 1 week ago

Question

★★★★★

1) Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $58,000 to invest. What annual rate of interest must you earn on your...

Answered: 1 week ago

Question

★★★★★

Identifying financing, investing, and operating transactions Required For a company like Canadian Tire Corporation, provide two examples of transactions that you would classify as financing,...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Read the following passage: "Mary had been asking her neighbor to repair the fence on his goat pen all summer, but he'd only laughed at her and insisted the animals could not get out. So she was...

Answered: 1 week ago

Question

★★★★★

A machine costing $209,000 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce...

Answered: 1 week ago

Question

★★★★★

Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for qua of ourpol AC B C AC1 AC2 F If this MNC is destroying value by undertaking negative NPV project,...

Answered: 1 week ago

Question

★★★★★

The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Current assets 20,200 Costs 13,900 Fixed assets $ 11,960 Debt 31,950 Equity $ 16,480...

Answered: 1 week ago

Question

★★★★★

The ledger of Sunland Company contains the following balances: Owner s Capital $ 2 8 , 9 0 0 , Owner s Drawings $ 2 , 1 0 0 , Service Revenue $ 5 1 , 0 0 0 , Salaries and Wages Expense $ 2 6 , 4 0...

Answered: 1 week ago

Question

★★★★★

The reaction is carried out in a CSTR reactor of 8 6 7 2 L capacity that operates isothermally to achieve a conversion of 5 5 % . The reactor is fed 2 1 6 L / min of a mixture at 1 0 3 ? C and 1 atm...

Answered: 1 week ago

Question

★★★★★

Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.

Answered: 1 week ago

Question

★★★★★

The company compiled the following information concerning inventory for the current year: Compute the inventory cost at year-end using the dollar-value LIFO retailmethod. Year-End Price Index at...

Answered: 1 week ago

Question

★★★★★

On January 1, 2010, Housen Company issued 10-year bonds of $500,000 at 102. Interest is payable on January 1 and July 1 at 10%. On April 1, 2011, Housen Company reacquires and retires 50 of its own...

Answered: 1 week ago

Question

★★★★★

Hollow Mining Company purchased a tract of land with estimated copper ore deposits totaling 1,500,000 tons. The purchase price for the land was $4.8 million. During the first year of operation,...

Answered: 1 week ago

Question

★★★★★

Refer to Figure 17-9. Explain why area D is a dead-weight loss. What about area F?

Answered: 1 week ago

Question

★★★★★

Explain how lifting an import quota on other countries will affect an exporting country that had been exempted from the quota restriction.

Answered: 1 week ago

Question

★★★★★

Imagine Mexico is considering using an import quota rather than a tariff to protect its domestic automobile industry. How does the outcome differ from that of a tariff?

Answered: 1 week ago

Previous Question Next Question