Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Standard cost are divided into which of the following components? variance standard and quantity standard materials standard and labor standard quality standard and quantity standard

Standard cost are divided into which of the following components? variance standard and quantity standard materials standard and labor standard quality standard and quantity standard price standard and quantity standard If the fixed costs are $250,000. the unit telling price is $1 25. and the unit variable costs are $73 what is the break even vales (units)? 3.425 units 2.331 units 2.000 units 4.808 units Connor Company's fixed costs are $400.000, the unit telling; price is $25. and the unit variable costs are $15. What is the break even vales (units) if the variable costs are increased by $2? 50.000 units 30, 770 units 40.000 units 26.667 units Which of the following it not an example of a cost that varies in total as the number of units produced changes? electricity per KWH to operate factory equipment direct materials cost insurance premiums on factory building wages of assembly worker Reynold's Grocery has fixed costs of $350,000. the unit selling price is $29. and the unit variable costs are $20. What is the break-even sales (units) if the variable costs are decreased by $4? 26.923 units 12, 069 units 21.875 units 38.889 units Management should focus its sales and production efforts on the product or products that will provide the highest sales revenue the lowest product casts the maximum contribution margin the lowest direct labor hours In which of the following types of firms would it be appropriate to use contribution margin analysis? boat manufacturing a chain of beauty salons home building all of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

blur-text-image

Step: 3

blur-text-image

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

The Environmental Audit And Business Strategy Financial Times

Authors: Grant Ledgerwood

1st Edition

0273038508, 978-0273038504

More Books

Students also viewed these Accounting questions