Direct fixed cost contro the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165.000 P185.000 C. P100,000 D. P350,000 A. P165.000 В. P185.000 20. The following is a summarized income statement of CoolKid Co.'s profit cent No. 44 for March: Contribution margin Period expenses: P70,000 Manager's salary Facility depreciation Corporate expense allocation Profit center income P20,000 8.000 (33,000) P37.000 5,000 hich of the following amounts is most likely subject to the control of the çenter's manager? P70.000 P50,000 A. С. Р37,000 D. P33,000 В.

Direct fixed cost contro the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165.000 P185.000 C. P100,000 D. P350,000 A. P165.000 В. P185.000 20. The following is a summarized income statement of CoolKid Co.'s profit cent No. 44 for March: Contribution margin Period expenses: P70,000 Manager's salary Facility depreciation Corporate expense allocation Profit center income P20,000 8.000 (33,000) P37.000 5,000 hich of the following amounts is most likely subject to the control of the çenter's manager? P70.000 P50,000 A. С. Р37,000 D. P33,000 В.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following data relate to Department no. 3 of Tsing Corporation: Segment contribution margin 540,000 Profit margin controllable by segment manager 310000 Segment profit margin 150000 On the basis of this information, Department no. 3's variable operating expenses are: Select one: a. $80,000. b. $160,000. c. $230,000. d. $390,000. e. not determinable.
Cost Direct Center Cost Proportion of Services used by: S1 S2 S3 P1 P2 P3 S1 P120,000 .10 .30 .25 .20 .15 S2 80,000 .20 .40 .20 .20 S3 45,000 .60 .35 .05 P1 78,000 P2 99,000 P3 45,000 __________26. Under the step method which department will allocate its direct cost first? __________27. Under the step method which department will allocate its direct cost last? __________28. Using the algebraic method, how much is the total costs to be allocated by S1 to all departments? __________29. Using algebraic method, how…
PLEASE USE THIS TIME TO ANSWER THIS. AYAW NA PAGHULAT UG DEADLINE, TOMORROW IS ANOTHER DAY. PLEASE DEFINE AND GIVE THE FORMULA OF THE FOLLOWING (IF THERE IS ANY): PLEASE ANSWER HERE DIRECTLY 1. absorption costing 2. activity bases (drivers) 3. break-even polnt 4. contributlon margin 5. contributlon margin ratlo 6. cost behavlor 7. cost-volume-profit analysls 8. cost-volume-profit chart
Revisit Choose the best option Under the Towne profit sharing plan O standards are fixed for labour costs and actual cost compared with these. O standards for output are decided and actual output compared with these, O the output of a firm is measured with respect to group performance. O bonus hours are computed in proportion to the time taken. 70MERD BY metti • Deepanshu | Support +1 650-924-9221 +91 80 4719 0917 Prev Question O Type here to search x昌 ENG hp fho 18 f6 144 f5 f2 f3 f4 IOI & 7 3 4 6 T. Y K G 00 5 FL R %24
Instruction: Read each problem carefully ana proviue h n Prob Problem 1. Classify each of the following costs of Bug Company in two ways: (a) as variable (V) fixed costs (F); (b) as inventoriable costs (I) or period costs (P): Example: Direct labor 1. Salary of company 2. Fire insurance on direct materials controller 3. Property taxes on finished goods held for sale 4. Direct materials used tico of 5. Factory.renty p 6. Sales Commissions R 7. Overtime premium of machine operators 8. Straight-line depreciation of Factory equipment 9. Straight-line depreciation of trucks used for delivery R. of sales to customers 10. Salary of factory supervisor 16
Which one of the following is an example of a committed cost? O a. None of the given answers O b. The cost of annual end of year celebration O c. The cost of employee training program O d. The salary of the marketing manager O e. The salary of the chief operating officer 6. AR tv MacBook Air DII F8 F6 F7 F5 & 8.
K In the equation y = $7.20x + $250,250, O A. $250,250 are the total costs. OB. $250,250 are the total fixed costs. OC. $250,250 are the total overhead costs. OD. $250,250 are the total variable costs. 4
2. Complete the table below by filling out the missing values. Provide a solution. Absorption Costing Variable Costing Quantity ? Unit Price Amount Quantity ? Unit Price Amount P 30.00 12.00 Sales ? ? ? Variable CGS 8,000 ? ? ? ? 3.00 2.50 4.00 Fixed Overhead ? ? 10,000 ? ? Variable expenses Fixed expenses ? ? ? ? ? ? ? Profit ? ? ? ?
What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed cost
production. Which one of the following is likely to be a cost driver? Select one: Oa. Machine hours Ob. None of the given answers Oc. depreciation. Od. Retail price O e. Monthly rent. ESET NOD32 A Your system is expos click on this notificat Wers to Ch3 Pau ScrLk NmLk PrtSc Thinklantage Bre SysRq
Determine fixed costs using the high-low method from the following data: Total Costs Level of Activity P65,000 11,250 P52,000 8,000 P86,000 16,500 a. P45,000 b. P20,000 c. P16,500 d. P9,500
Continuation for the problem The net income under variable costing would be: * a. P64,000 b. P60,000 c. P56,000 d. P52,000 The net income under absorption costing would be: * a. The same as the income under variable costing. b. P8,000 greater than the income under variable costing. c. P12,000 greater than the income under variable costing. d. P8,000 less than the income under variable costing.