Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

Which of the following statements is true for a firm that uses direct (variable) costing? Product costs include direct (variable) administrative costs. Profits fluctuate with

Which of the following statements is true for a firm that uses "direct" (variable) costing?

Product costs include "direct" (variable) administrative costs.

Profits fluctuate with sales.

An idle facility variation is calculated by a direct cost system.

The cost of a unit changes because of changes in number of units manufactured.

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

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

18th edition

1260190080, 1260190083, 978-1259917059

More Books

Students also viewed these Accounting questions

Question

★★★★★

(a) Assuming that the price of grapes is $3 per flat, use the data in Problem 3 to calculate total revenue and marginal revenue product (MRP) and graph the MRP curve. (b) How many pickers will be...

Answered: 1 week ago

Question

★★★★★

Were the target behaviors representative of problems of long duration that were unlikely to change without direct intervention?

Answered: 1 week ago

Question

★★★★★

=+25. Insurance (life expectancy). Insurance companies base their premiums on many factors, but basically all the factors are variables that predict life expectancy. Life expectancy varies from place...

Answered: 1 week ago

Question

★★★★★

One thousand liters of a 95 wt% glycerol5% water solution is to be diluted to 60% glycerol by adding a 35% solution pumped from a large storage tank through a 5-cm ID pipe at a steady rate. The pipe...

Answered: 1 week ago

Question

★★★★★

Please answer question 2 and 3. i neee to verify my answer for question 2 and i need the answer for quedtion 3. thank you Question 2 0.5 pts USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (3)...

Answered: 1 week ago

Question

★★★★★

Marcel Co. is growing quickly. Dividends are expected to grow at a 23 percent rate for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter. Required: If the required...

Answered: 1 week ago

Question

★★★★★

PLEASE ANSWER PROBLEM 3. IT HAS 15 QUESTIONS Introduction to Cost Accounting and Cost Accounting Cycle 7. Utility costs were incurred in the factory, P450,000. 8. Advertising costs paid, P2,250,000....

Answered: 1 week ago

Question

★★★★★

Identifies process strategies most useful for a window manufacture by using the tools of process analysis. Then Identify recent advances in production technology that would be useful in the window...

Answered: 1 week ago

Question

★★★★★

Mini-Case B (7 marks) Like every Canadian couple, Amira and Owen carry quite a lot of debt. . Three years ago, Amira purchased a Subaru Outback costing $34,750 before sales tax of 15%, with a $5,000...

Answered: 1 week ago

Question

★★★★★

1. Use the experimental data below to produce a graph that effectively conveys the information. 2. Answer the questions below. Number of kinds of colonies Number of kinds of colonies Test subject...

Answered: 1 week ago

Question

★★★★★

Amesbury Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support)....

Answered: 1 week ago

Question

★★★★★

Question 6Cost Savings Calculate the financial benefits (cost savings) for the following project (assume 0% capacity buffer for simplicity): A farm grows Christmas trees on its 50 acres of land....

Answered: 1 week ago

Question

★★★★★

4. Develop circular models, with positive and negative feedback loops, for the following situations: (a) In a poor third-world country, the population increase has been very large in the last ten...

Answered: 1 week ago

Question

★★★★★

Annoyance about a statement that has been made by somebody

Answered: 1 week ago

Question

★★★★★

6. Develop a circular model, with positive and negative feedback loops, showing the relationships between the following critical variables:

Answered: 1 week ago

Previous Question Next Question