Revenues Costs: Variable cost of goods sold Variable selling and administrative expenses
Q: Contribution margin per unit is the amount by which a products unit selling price exceeds its…
A: Contribution margin:- Contribution margin Indicates how much money is left after variable costs are…
Q: Total cost + Profit:____ O a. Selling price O b. Cost of goods sold O c. Selling and…
A: The selling price has two components total cost and profit marked upon cost.
Q: The amount of a unit’s sales price that helps to cover fixed expenses is its ________.A.…
A: There are two type of costs being incurred in business. One is fixed costs and other is variable…
Q: Total _____ costs remain unchanged when activity changes. Fixed cost Variable cost…
A: Cost: It refers to the aggregated amount that is spent on manufacturing a product.
Q: Revenue minus all direct costing of making the goods or supplying the service is known as? a. Gross…
A: All the direct costs to make the goods constitutes the cost of goods sold.
Q: Net Sales Revenue: Variable Cost of Goods Sold: Fixed Cost of Goods Sold: Variable Selling and…
A: Absorption costing considers all costs of manufacturing as product costs irrespective of the nature…
Q: Gross profit will result if: Choose operating expenses are less than net income naging inven sales…
A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…
Q: Product costs are ordinarily found in the traditional Income Statement's Operating Expenses whereas…
A: Product costs are those costs which are incurred on specific products like material cost, labour…
Q: The variable cost ratio is calculated as: а. The selling price per unit ratio / variable cost per…
A: Variable cost = Variable manufacturing cost + Variable selling and administrative cost
Q: Prepare an analysis of the sales quantity and unit price factors did the price decrease generate…
A: Sales quantity factor = (Actual Quantity - planned Quantity) * Planned Sales Price Sales quantity…
Q: Which of the following statements is true? Multiple Choice Product costs and variable costs are…
A: Product cost means the cost which are incurred to create a product that is intended for sale to the…
Q: Describe the difference between the units sold approach to cvp analysis and the sales revenue…
A: Sales can be defined as the source of earning to the business entity out of the sale of inventory…
Q: Calculation of profit change from changes in sales price, sales volume, variable costs, or fixed…
A: This question deals with profit change from changes in sales price, sales volume, variable costs, or…
Q: Sales commissions incurred based on units of product sold during a given period is an example of a…
A: The product costs are the cost that are incurred to produce a product directly or indirectly.
Q: ow much is the total net revenue? ow much is the total net profit from the operation ow much is the…
A: As per rule, allowed to answer one question and post the remaining in the next submission.
Q: Which of the following is NOT true regarding an income statement organized according to the…
A: An income statement is a financial statement that tracks both corporate revenue and expenses over a…
Q: Throughput margin is equal to revenues minus direct materials and direct labor of the cost of goods…
A: Throughput margin = sales revenue - material cost .
Q: Net income under Variable costing Method
A: Solution:- Calculation of Income under Variable costing method as follows:- Note:- Calculation of…
Q: Contribution is the difference between sales and the marginal (variable) cost of sales
A: Contribution = Sales - Variable cost
Q: Help question 10
A: Contribution margin: contribution margin is calculated by deducting variable expenses from sales…
Q: The dollar amount of sales needed to achieve a target operating income is computed by…
A: The contribution margin is calculated as excess of sales revenue over variable expenses.
Q: Under variable costing, which of the following costs are assigned to inventory? Variable Selling &…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 1. Variable costing enables more efficient: * Cost-volume-profit (CVP) analysis. External reporting.…
A: Variable costing is also written as marginal costing. It is developed from the concept marginal cost…
Q: Sales commissions incurred based on units of product sold during a given period is an example of a…
A: Please check the step 2
Q: Cost-volume-profit analysis (CVP Analysis) requires management to classify all costs as either…
A: Cost volume profit analysis (CVP Analysis) helps the business entity in determining the impact on…
Q: The revenue from the by-product is credited to the sales account. Process costs are apportioned in a…
A: Joint product: Joint product refers to those products that are produced by using single production…
Q: East Coast West Coast Sales V Variable cost of goods sold v Manufacturing margin v Variable selling…
A: Contribution means sales minus varibale cost and when we divide contribution with sale , we get…
Q: Variable costing net operating income is usually closer to the net cash flow of a period than is…
A: Variable costing: It is a costing method that includes only variable cost in the product cost. It…
Q: ?Which of the following does not represent a cost-volume-profit analysis equation Sales + fixed…
A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…
Q: Contribution margin is it Sales less cost of goods sold or Sales less all variable and fixed…
A: First of all: Sales less Cost of goods sold will give us the gross profit earned from sales. Sales…
Q: Contribution margin is sales less Star
A: Variable cost can be defined as the cost which is incurred on the production of goods. The value of…
Q: Gross profit variance analysis can be used to study the effect of:" Changes in cost of goods sold on…
A: Gross profit variance refers to the variance that occurred to the amount of gross profit from the…
Q: Sales Less: Cost of goods so Fixed overhead cos Variable production Cost of goods sold Gross margin…
A: The question is based on the concept of Cost Accounting.
Q: A cost - based transfer price considers the cost of producing the goods when determining the price.…
A: At the time of determining the prices of the goods, the cost of goods-producing is required to be…
Q: The difference between total sales in dollars and total variable expenses is called: a. net profit…
A: Contribution Margin Contribution Margin is the amount of revenue remaining after variable costs to…
Q: Multiple Choice) A multi-step income statement ________. A. separates cost of goods sold from…
A: In multi step income statement the operating results are separately shown.It doesn't consider…
Q: . Which of the following is TRUE about contribution margin? Select one: A. The amount remaining…
A: 1. Which of the following is TRUE about contribution margin? Select one: A. The amount remaining…
Q: The variable cost ratio represents The proportion of variable costs in relation to net income The…
A: Solution : The variable cost ratio represents Correct answer is Option 3 . The proportion of…
Q: The measure that reflects an organization's variable and fixed cost relationship and indicates how a…
A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: Gross profit variance analysis can be used to study the effect of: a. Changes in volume of goods…
A: Gross profit variance analysis is referred as the measurement tool used to measure the capability of…
Q: Unit contribution margin is the amount that each unit sold contributes towards the recovery of fixed…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: Gross profit variance analysis can be used to study the effect of: a. Changes in cost of goods…
A: Gross profit is the gross income/revenue left after deducting the cost of goods sold from the net…
Q: Compute the gross margin for FIFO method and LIF0 method. FIFO: LIFO: Sales revenue Less: Cost of…
A: Sales revenue has to be calculated by multiplying units sold (785 units) to the retail rate…
Q: Which of the following statements correctly complete the sentence: "Gross Margin equals": I.…
A: Sales revenue less cost of goods manufactured is wrong because as per accrual concept, equivalent…
Q: What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and…
A: Definition: Cost-volume profit analysis: CVP analysis is a tool of cost accounting that measures…
Q: Which of the following does not represent a cost -volume -profit analysis equation a. Sales = totale…
A: lets assume , Sales = 1000 less Variable cost = 200 Contribution = 800 less - Fixed cost = 100…
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- I need to know the gross profit using FIFO and LIFO for this problemI need to know the gross profit using FIFO and LIFO for this problemWhy put the normal loss costing into the true loss account for abnormal loss?What is an avoidable and unavoidable cost? Give all the account titles under the avoidable and unavoidable costs.