Question 1 Peterman Inc. provides an automobile to Ms. Winters for her to use in carrying out her employment duties. Ms. Winters is given full possession of the car and is allowed to use it for personal needs. However, when she is not using it for employment or personal activities, it must be returned to Peterman's premises so that it can be used by other employees. ● ● The automobile was purchased in 2016 for $42,000 and, during the years 2016, 2017, and 2018 the Company has deducted maximum CCA. During 2018, Ms. Winters drove the car 52,000 kilometers, with the Company paying for all of the operating costs. These costs totaled $11,350 during the year.

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Can you label revenue, loss, total costs, dollars, variable cost, and fixed cost on the provided chart?

What are “initial direct costs” and how are they accountedfor?

simple cost analysis method to identify fixed costs and variable costs in a linear cost function is ........ method

2. What is cost-volume-profit analysis and what are the important assumptions of this analysis?

n Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 105,000 73,500 31,500 27,720 $ 3,780 Required: 1. What is the contribution margin per unit? (Round your answer to 2 decimal places.) Contribution margin per unit

Express the two ways of contribution margin?

1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 2 3 Data 4 Sales Variable costs: 5 67 00 8 A Chapter 1: Applying Excel 9 10 11 Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $ $ $ $ $ $ B 32,000 16,000 1,600 1,400 2,500 1,500