Which of the following could be considered a cost driver? Select one: a. A service provided by an architecture firm b. A product produced by a manufacturer c. A tax return prepared by a local CPA firm d. All of the above

Answers

Answer 1

Answer:

Answer: d. All of the above

Explanation:

A cost driver refers to the activity that causes an actual change in the cost of a transaction and by extension it's local cost.

For example, cost driver of labor would be the number of people working or cost driver of Electricity paid would be the actual number of units consumed.

In the above, the products and services mentioned are the integral activities for those firms so they are cost drivers to those firms.

Related Questions

A bond with a coupon rate of 5.16 percent and semiannual coupon payments matures in 12 years. The YTM is 6.37 percent. What is the effective annual yield?
What is an example of a secured credit?
The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm is given here:
The County legislature approved its 2020 budget. Revenues from property taxes are estimated to be $800,000. The assessed value of all the property in the county is $40 million. The County has received certificates for property tax exemption of consisting of $3 million for homestead exemptions, $1.3 million for veterans, $700,000 for old age, and $5 million for nonprofits. In addition, the County believes all property taxes will be collectible. What property tax rate per $1,000 of net assessed value must the County charge to collect sufficient property taxes to meet its $800,000 estimate
Rates on fixed, floating, installment and mortgage loans were reduced by 0.3 percent (from 9.3% to 9.0% etc.). Which were impacted the most

What would you include in a recommendation to the CEO for a better method for evaluating the performance of the divisions?a.The method used to evaluate the performance of the divisions should be reevaluated.

b.A better divisional performance measure would be the rate of return on investment

c.A better divisional performance measure would be the residual income.

d.None of these choices would be included.

e.All of these choices (a, b & c) would be included.

Answers

Answer:

Option D

Explanation:

In simple words, method of performance division is considered to be effective when it depicts a true picture, not because it gives a sound position of the organisation as waned by the managers.

Thus, reticulation should not be done. Also, Divisional performance should be judged by some other aspects like time taken to perform the job or wastage done by them etc.

Discuss why two people with similar abilities may have very different expectancies for performing at a high level.

Answers

Answer:

Because they're two different people

Explanation:

The main and major reason why, is the obvious one. The first reason that comes to the mind.

Because they are two different people. Different people have different goals, hopes and aspirations. And even those that share them go through different paths while carrying them out. The minds of the two individuals are not the same, and despite the fact that they have similar abilities, they might not necessarily get the job done on time because of other commitments either of them have. Even if they both have none, there's always a distinguishing factor, and that will always trump, thus making them have different expectancies for performing at a high level.

Cameron Corp. purchased a mine on January 1, 2018, for$530,000, which is estimated to contain 35,000 tons of iron ore. There is no residual value. The business extracted and sold 7,500 tons of ore in 2018 and 10,800 tons of ore in 2019. What is the depletion expense for 2019? (Round any intermediate calculations to two decimal places, and your final answer to the nearestdollar.) A.

$277,062

B.

$252,838

C.

$113,550

D.

$163,512

Answers

Answer:

D.$163,512

Explanation:

Depletion expense is a charge against profits for the use of natural resources.

Depletion rate = cost to purchase resource/ number of units = $530,000/ 35,000 tons = $15.14 per ton

Depletion expense for 2019 = Depletion rate * number of units extracted and sold in 2019 = $15.14 * 10,800 = $163,512

Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative B will have revenues of $180,000 and costs of $125,000. Compare Alternative A to Alternative B showing incremental revenues, costs, and net income.

Answers

Answer:

Alternative A has lower incremental revenue but it's lower incremental costs makes the net income higher than of Alternative B.

Explanation:

Alternative A

The net income is computed with the formula as:

Net Income = Incremental Revenue - Incremental Cost

= $160,000 - $100,000

= $60,000

Alternative B

The net income is computed with the formula as:

Net Income = Incremental Revenue - Incremental Cost

= $180,000 - $125,000

= $55,000

Alternative A has lower incremental revenue but it's lower incremental costs makes the net income higher than of Alternative B.

Assuming the company is considering two alternatives. Alternative A to Alternative B net income is: $60,000; $55,000.

Net income

Alternative A Alternative B Net Income Increase (Decrease)

Revenues $ 160,000 $100,000 $60,000

($160,000-$100,00)

Costs $180,000 125,000 $55,000

($180,000-$125,000)

Inconclusion Alternative A to Alternative B net income is: $60,000; $55,000.

Learn more about net income here:brainly.com/question/26264551

If the marginal propensity to consume is 0.8, by how much will GDP increase after government spending increases by $200

Answers

Answer:

If disposable income increases by $5 billion and consumer spending ... spending by $100 billion and the marginal propensity to consume is 0.8. ... Suppose investment spending increases by $50 billion, and as a result real GDP increases by $200 billion. ... deliberate changes in taxation and/or government spending.

Explanation:

Sid's Skins makes a variety of covers for electronic organizers and portable music players. The company's designers have discovered a market for a new clear plastic covering with college logos for a popular music player. Market research indicates that a cover like this would sell well in the market priced at $24.50. Sid's desires an operating profit of 25 percent of costs. Required: What is the highest acceptable manufacturing cost for which Sid's would be willing to produce the cover? (Round your answer to 2 decimal places.)

Answers

Answer:

The highest acceptable manufacturing cost for which Sid's would be willing to produce the cover is $19.60

Explanation:

The computation of the highest acceptable manufacturing cost is shown below:

We know that the market priced at $24.50 and the operating profit is 25% of the cost, we assume the cost is 100 and the selling price equals to

= Cost + operating profit

= 100 + 25% × cost price

= 125

The market price is given for selling price but we have to compute for the cost price

So, the calculation would be

= $24.50 × 100 ÷ 125

= $19.60

Final answer:

The maximum manufacturing cost per unit for Sid's Skins to achieve a 25% profit margin is $19.60.

Explanation:

The question is asking for the maximum manufacturing cost Sid's Skins would be willing to incur per unit produced in order to achieve a 25 percent operating profit. To solve this, the formula cost = price / (1 + profit margin) is used, where the price is $24.50 and the desired profit margin is 0.25 or 25%.

By substituting these values into the formula, the calculation is as follows: cost = 24.50 / (1 + 0.25) = 24.50 / 1.25 = $19.60.

So, the maximum manufacturing cost per unit that Sid's Skins would be willing to endure in order to achieve their desired profit margin of 25 percent is $19.60.

Learn more about Manufacturing Cost here:

brainly.com/question/34080913

#SPJ3

Other Questions

Companies prepare direct labor budgets to ________. avoid labor shortages determine the direct labor-hours per unit ensure timely supply of raw materials reduce inventories

Suppose that Italy and Austria both produce fish and shoes. Italy’s opportunity cost of producing a pair of shoes is 5 pounds of fish, while Austria’s opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell that _____ has a comparative advantage in the production of shoes, and ______ has a comparative advantage in the production of fish. Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than _______ of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than _______ of shoes for each pound of fish it exports to Italy. Based on your answers to the previous question, which of the following terms of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade? Check all that apply.(A) 8 pounds of fish per pair of shoes (B) 1 pound of fish per pair of shoes(C) 15 pounds of fish per pair of shoes(D) 3 pounds of fish per pair of shoes

Everything else the same, the higher the expected rate of inflation, _____. a. the lower the loss in purchasing power of investors b. the higher the required rate of return on an investment c. the lower the maturity premium required by the investors d. the higher the money supply in the economy e. the lower the tax rate in the economy

In leading the push for proficient strategy execution and operating excellence, top-level managers need to take the lead on all of the following EXCEPT:_________a. being out in the field and seeing how well operations are going.b. delegating authority to middle and lower-level managers and creating a sense of empowerment among employees to move the implementation process forward.c. gathering information firsthand and gauging the progress beingmade.d. learning the obstacles in the path of good execution and clearing the way for progress.e. holding periodic ceremonies to honor people who excel in displaying the company values and ethical principles.