Answer:
1. fixed and indirect
2. variable and direct
3. variable and direct
4. fixed and indirect
5. fixed and indirect
6. variable and direct
Explanation:
<u>Fixed and variable costs</u>
A fixed cost is expected to be constant for a short term period whilst a variable cost is expected to vary in direct proportion to the number of units produced in this case it is the individual classes.
Depreciation expense on classroom building and on computers is a fixed cost that is expected to remain constant and the instructor wage varies with the number of classes thus a variable cost.
<u>Direct and Indirect costs</u>
A direct cost can be directly traced to the cost object by observation whist the indirect cost can not be directly traced on a cost object.
The instructors wage is a direct cost, his effort is seen with the success of the classes whist the depreciation expenses are indirect costs.
Answer:
Dr Amortization Expense $3,000
Cr Patents $3,000
Explanation:
Preparation of the journal adjusting entry on December 31 to recognize the amortization.
Dec. 31
Dr Amortization Expense $3,000
Cr Patents $3,000
(To record Amortization)
Amortization=(Patent rights/Useful life)*6/12
Amortization=($36,000/6)*6/12
Amortization=$3,000
(July 1 to Dec 31 =6months)
A partnership intentionally created and recognized, orally or in writing is known as a express partnership.
hope this helps!
If something goes wrong, the company will make sure you're not completely screwed.
Answer:
d. Firm A will spend $4,000.
Explanation:
Since Firm B cost of Cleanup before it gets the the river is less than the cost of pollution permits, it will choose to clean up its pollution.
However, since Firm A cleanup cost per ton ($100) is greater than the cost of the pollution permit, it will choose to buy permits.
Maximum Allowable Number of Permits=40
Therefore, Firm A will clean up 10 Tons and dump 40 Tons of Waste.
Cost =(10 Tons *$100)+(40 Tons * $75)
=$(1000+3000)
=$4000.
Firm A will spend $4000.
