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Costs can be classified into 2 categories, fixed and variable costs. These costs behave differently based on the level of sales volume. Suppose we are running a restaurant and have identified certain costs along with the number of annual training of 1000.
Item:raw material (costs for hamburgers )Total annual cost :650Item : building rentTotal annual cost :9000
Identified with cost item above is fixed and variable and why?What is the cost per unit of each? Suppose we increased our sales volume to 6000 units and then 8000 units the following year ( and are still within the relevant range ), what would be the total annual cost and unit cost of fixed and variable cost?
What is the role of cost drivers in an activity-based cost system? Explain how analysis of cost drivers can be useful in identifying inefficient activities and the cause(s) of inefficiency.
USE SunRype and Welches which are provided for you as a Website Resource. Compare Sales and Net Income over the last 3 years. (Trend Analysis). Remember to compute trends in Dollars and Percentages.
Assume that for the second quarter in row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the second quarter but actual results were only $197,000 in profits.
Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $660.00; how many tickets must be sold to reach break-even?
In brief describe and draw a diagram of the cost accumulation process for a traditional manufacturing company.
Nashville Corporation allocates administrative costs on the basis of staff hours. Short-run monthly usage and long-run monthly usage of the staff hours for Operating Departments 1 and 2 follow.
What would be some particular examples of advantages and disadvantages of job order costing?
Describe the components of cost-volume-profit analysis. Employ cost-volume-profit analysis and break-even analysis to make business decisions.
The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $78 per unit, management projects sales of 10,000 units. Launching the barbecue as a new product would require an investme..
Williams Inc. estimated overhead to be $440000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000. Actual overhead for the year amounted for $500,000. What is the predetermined overhead rate?
Describe how a 3 percent decline in sales at Home Depot could cause the 21 percent decline in profits. What accounting concept was involved, how were the many major types of costs incurred by Home Depot likely affected by decline in its sales
Phenix Corporation reports following information regarding its sales and cost of sales. Draw the estimated line of cost behavior by using the scatter diagram, and evaluate fixed costs and variable costs per unit sold.
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