The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify
Question:
For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases.
a. Per-unit direct labor cost
b. Salary of quality control supervisor, $5,000 per month
c. Total direct materials cost
d. Electricity costs of $3,000 per month plus $0.05 per kilowatt hour
e. Per-unit cost of straight-line depreciation on factoryequipment
Cost Graph One Cost Graph Two 0 Total Units Produced 0 Total Units Produced Cost Graph Three Cost Graph Four 0 Total Units Produced 0 Total Units Produced
Step by Step Answer:
a Cost Graph Four ...View the full answer
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Related Video
In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery, etc. The land is the only exception that cannot be depreciated as the value of land appreciates with time. Depreciation allows a portion of the cost of a fixed asset to be the revenue generated by the fixed asset. This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use. This helps in getting a complete picture of the revenue
Students also viewed these Managerial Accounting questions
-
Give two examples of unethical behavior for each of these areas: inspection, process control, process capability. For each, name the relevant ethical principle.
-
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for an automobile manufacture. a. Paper used in the magazine b. Maintenance on printing machines c....
-
Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a textbook publisher. a. Maintenance on printing machines b. Glue used to bind books c. Wages of...
-
The data below are the calories and grams of sugar in some popular store bought cookies. Calories 143 Grams of Sugar 12 97 9 200 11 149 19 84 4 57 9 198 21
-
FixIt, Inc. operates 20 injection molding machines in the production of tool boxes of four different sizes, named the Apprentice, the Handyman, the Journeyman, and the Professional. Classify each of...
-
propose an overall strategy for ensuring the security of a computer-based information system;
-
Complete the following descriptions by filling in the blanks 1. Consolidated show the financial position, results of operations, and cash flows of all entities under the parent's control, including...
-
How can firms best ensure that their code of business ethics ensure is read, understood, believed, remembered, and acted on, rather than ignored?
-
TUDUHOUSUICIULESUUS P UULU fairly the client's financial position and operating results. Analytical procedures are the primary way to test data Multiple Choice O documentation O mining...
-
The Davis Lamp Company (DLC) is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and...
-
Following is a list of various costs incurred in producing frozen pizzas. With respect to the production and sale of frozen pizzas, classify each cost as either variable, fixed, or mixed. 1. Property...
-
From the following list of activity bases for an automobile dealership, select the base that would be most appropriate for each of these costs: (1) Preparation costs (cleaning, oil, and gasoline...
-
In problem, determine whether the equation defines y as a function of x. y = 1/x
-
ProForm acquired 70 percent of ClipRite on June 30, 2020, for $1,470,000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of $600,000 was recognized and is being...
-
Consider the function f(x) = e^(cos(x)) USING MATLAB a) Write code that will approximate the definite integral of f(x) over [0, 1] using Simpson's rule with 100 evenly spaced subintervals. Compare...
-
What type of research funding method involves shared responsibility for conducting a research project and may grant the funder the authority to withdraw funding if the researcher does not adhere to...
-
Chapter 6 Assignment i 5 Problem 6-52 (LO 6-4) 12.5 points Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for...
-
need help completing my one-month project. anyone willing help me. Ellipses Corp One Month Project Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period...
-
Discuss marketing philosophy in the restaurant business. LO-1
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
Denote by \(\lambda\) Lebesgue measure on \((0, \infty)\). Prove that the following iterated integrals exist and that \[\int_{(0, \infty)} \int_{(0, \infty)} e^{-x y} \sin x \sin y \lambda(d x)...
-
(Pension Terminology) The following items appear on Brueggen Companys financial statements. 1. Under the caption Assets: Pension asset/liability 2. Under the caption Liabilities: Pension...
-
(Basic Terminology) In examining the costs of pension plans, Helen Kaufman, CPA, encounters certain terms. The components of pension costs that the terms represent must be dealt with appropriately if...
-
(Basic Terminology) In examining the costs of pension plans, Helen Kaufman, CPA, encounters certain terms. The components of pension costs that the terms represent must be dealt with appropriately if...
-
The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 3 1 , 2 0 2 0 : Transactions during 2 0 2 1 were as follows: a . On January 2 , 2 0 2...
-
All else equal, a company's P/E ratio will ____________ when the discount rate ___________. rise, rise fall, rise fall, falls cannot be determined All else equal, a company's P/E ratio will _____...
-
The cost of partially completed goods at the end of the period would be Ending work in process inventory Cost of goods sold Beginning finished goods inventory Beginning work in process inventory
Study smarter with the SolutionInn App