Classifying items in fixed and variable costs

Assignment Help Accounting Basics
Reference no: EM1319621

Which of the following is an example of a variable cost?

1. Insurance premium for fire insurance on the factory building

2. The salary of the company president

3. Wood used to make custom tables

4. Rent for use of a storage warehouse

5. Depreciation on the factory building

Reference no: EM1319621

Questions Cloud

Transmitting message and tentative checkpoint : Is node P allowed to transmit the messages related to application (as opposed to message which is part of checkpoint algorithm itself) immediately after having taken a tentative checkpoint?
Computing standard deviation : A manufacturing process makes items whose weights are normally distributed. It is known that 22.57% of all the items made weigh between 100 grams up to mean and 49.18% weigh from the mean up to 190 grams. Find out the standard deviation.
Population mean concentration of uric acid : Find a 95% confidence interval for the population mean concentration of uric acid in this patient's blood. What is the margin of error?
Controlling congestion in error-free virtual circuit subnet. : Consider the following method for congestion control in the error-free virtual circuit subnet. A router may only transmit ACK for a received packet if it knows packet transmission along with the virtual circuit through subsequent routers is succes..
Classifying items in fixed and variable costs : Which of the following is an example of a variable cost?
Interval-ratio level of measure is normally distributed : Let's further suppose that there was good interrater reliability on these frequency counts of behaviours and that they are interval/ratio level of measure, normally distributed, and independent observations.
Multiple choice questions based on regression : Multiple choice questions based on regression
Investing and operating activities : For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
Margin of error and confidence interval : Find a 90% confidence interval for the population mean salary of such personnel. What is the margin of error.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Federal joint and several liability rules

Can the state revenue agency collect the outstanding payroll tax from greater under the Federal joint and several liability rules for tax obligation of consolidated return affiliates?

  Prepare an income statement and compute earnings per share

A. Low Carb Diet Supplement, Inc. has two divisions. Division A has a profit of $100,000 on sales of $2,000,000. Division B is only able to make $25,000 on sales of $300,000. Based on the profit margins (returns on sales), which division is superior?

  Classifying items into financing

For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:

  How fuunds are disclosed and reported

Find a newspaper or magazine even online and select an article relating to the use of governmental funds by state, county, local government, etc on an activity.

  Cost recovery deduction of asset

The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.

  Revenue and expense data for schumpert medical center

The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care), revenue, and expense data for Schumpert Medical Center covering their fiscal years 2010 and 2011.

  Phillips company investment account

Phillips Company bought 40 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. In 20X1, 20X2, and 20X3, Jones Bag reported net income of $8,000, $12,000, and $20,000

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Questions based on partnership

Questions based on partnership. a)Write definition of partnership? b) Name and discuss the characteristics of a partnership c) Advantages of a partnership as a form of business

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Finding dpgr per unit

Finch Corp. sells portable air filtration systems by means of internet and direct mail orders. Most of the components are purchased from foreign suppliers at a cost of $1,600-What is Finch's DPGR per unit? It's QPAI? How could this result have been..

  Given transactions for journalization on stock issue

Prepare journal entries for the transactions listed above. Prepare an updated Dec 31st trial balance, reflecting the unrecorded transaction-Prepare a multiple-step income statement for the year ending Dec 31st. Prepare a retained earnings statement f..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd