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2 years ago

Classify the following as fixed or variable costs:

Business

1 answer:

adelina 88 [10]2 years ago

6 0

Answer:

Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries, Insurance premiums, Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery

Variable cost: Fuel, Shipping charges, Payments for raw materials,

Explanation:

Fixed costs are costs that are not changed regardless of quantity of goods being produced such as rent for equipment, taxes, depreciation and so on.

Variable costs are costs that change with regard to the quantity of goods being produced such as cost of raw materials, cost of packaging and so on.

Example of fixed and variable costs are:

Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries, Insurance premiums, Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery
Variable cost: Fuel, Shipping charges, Payments for raw materials,

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Mervon Company has two operating departments: Mixing and Bottling. Mixing has 350 employees and Bottling has 350 employees. Indi

krok68 [10]

Answer:

Allocated administrative cost for mixing is $81000

And allocated administrative cost for for bottling is $81000

Explanation:

We have given total number of employs for mixing = 350

And total number of employs for bottling = 350

Administrative cost = $162000

So total number of employs = 350+350 = 700

So allocation base for mixing $=\frac{350}{700}=0.5$

So allocated amount for mixing = 0.5×$162000 = $81000

Allocation base for bottling = $=\frac{350}{700}=0.5$

So allocated amount for bottling = 0.5×$162000 = $81000

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2 years ago

Joe Jones, plant manager at Waco Industries, told a friend that if it was necessary, his plant could produce 1,000 items a day i

Paraphin [41]

Answer:

Correct option is (d)

Explanation:

Capacity refers to the amount of goods that a plant or organization can produce. Maximum capacity refers to the total number of goods produced at maximum efficiency.

In this case, Joe's plant could produce 1,000 items if all conditions are met, which means when the plant is at its highest efficiency. This states the maximum capacity of the plant.

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2 years ago

Logistics systems should be designed to achieve customer service goals while maintaining lowest possible financial investment in

shepuryov [24]

Logistics system should be designed to achieve customer service goals while maintaining lowest possible financial investment in inventory.

The main purpose of logistics system is to increase the experience of the customer and to improve profits of the organization. Reducing the cost of inventory may add to the profits of the company.

Managing the inventory is an instinct part of the smooth running of businesses. Recognizing which and how much stock has to be ordered, is useful to continue the inventory levels and content the customers. Timely delivery of the product adds to the customer satisfaction.

To learn more about inventory here

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8 months ago

Andres and Lakeisha are married and file jointly. Andres is 72 years old and in good health. Lakeisha is 62 years old and blind.

PIT_PIT [208]

Answer: $26,600.

$26,600 = $24,000 + ($1,300 × 2). The married joint standard deduction is increased for $1,300 for each blind and/or taxpayer age 65 by year-end.

Explanation:

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2 years ago

Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and

serg [7]

Answer: Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that <u>not introducing new products</u> is risky as well.

Explanation: Launching new products to the market is essential if a company wants to survive. The development of new products is linked to the ability of a company to remain competitive and the longevity of a business. since as time passes new products are created better than the previous ones leaving them obsolete.

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2 years ago