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A: Committed costs are that fixed cost which is incurred due to past commitments. Management commits…
Q: Which of the following is not likely to be treated as product cost? Depreciation on the factory…
A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…
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Q: Which of the following may not be the reason for a change in gross profit to occur? Increase in…
A: Gross Profit is the profit which is obtained by deducting the purchases and factory expenses from…
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A: Scrap: Scrap is basically the residual material that left after the manufacturing of a product.…
Q: Which of the following may not be the reason for a change in gross profit to occur? * G O Change of…
A: Gross profit is the amount of sales revenue which is over and above cost of goods sold. Cost of…
Q: what is the managerial accounting
A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…
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A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…
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A: Direct cost: A cost indicates the payment of cash or the obligation to pay the cash in the future…
Q: Which one of the following is an example of a committed cost? a. The salary of the marketing manager…
A: Committed cost refers to the cost which has not yet been incurred but already contracted /committed…
Q: Which of the following Overhead cost of a company is likely to have the least control a. Machine…
A: The overhead cost includes total indirect costs incurred in the production process. It includes…
Q: Which one of the following is not an example of a discretionary cost? The salary of the chlef…
A: Discretionary costs are referred to as those costs which can vary in nature. These costs are…
Q: Which one of the following is not an example of a committed fixed cost? a. The salary of the deputy…
A: Fixed cost refers to those cost which do not change with increase or decrease in production…
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A: Cost allocation means assigns cost to different heads or departments. It is a good tool that can be…
Q: Which of the following is a TRUE statement regarding the treatment of scrap by a firm?a. Scrap is…
A:
Q: Which one of the following is an example of a discretionary fixed cost? a. The depreciation cost of…
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Q: Which one of the following is not an example of a committed fixed cost? O a. None of the given…
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Q: Which one of the following is not an example of a committed fixed cost? O a. The property taxes of…
A: Option c is correct.
Q: Which one of the following discretionary fixed cost? The salary of the deputy manager of the factory…
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Q: Which one of the following is an example of a committed cost? O a. None of the given answers O b.…
A: Committed cost means the cost which has been incurred by company as investment or obligation which…
Q: There are no changes in the company's cost structure. Assume that the units produced were also the…
A: Absorption costing, often known as "full costing," is a managerial accounting technique for…
Q: Which of the following is a part of Prime Cost? a. Direct Labour b. Indirect Wages c. Rent of…
A: Prime cost includes all the direct costs such as direct material, direct labor, and direct expenses.…
Q: Which of the following would not be considered a cost ofquality?a. Lost sales due to bad publicity…
A:
Q: Explain the meaning of (a) differential revenue, (b) differential cost, and (c) differential income.
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Q: Manufacturing costs would not include a. Sales salaries expense b. Indirect materials used c.…
A: Manufacturing cost is the cost incurred to manufacture goods. It is the cost incurred at factory.
Q: Which of the following is an example of a variable cost? a.Insurance on the production equipment…
A: Variable cost are those cost which changes according to the level of Production. In other words in…
Q: These are true/false questions. process are classified as factory overhead cost. ____ 12.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: ich one of the following is not an example of a committed fixed cost? a. None of the given answers.…
A: Committed Fixed Cost:- These are that fixed cost which does not change or mold easily and can not be…
Q: Which one of the following is an example of a committed cost? a. The salary of the marketing manager…
A: A committed cost is an Investment that an entity has already made and cannot recover by any means,…
Q: Which of the following may not be the reason for a change in gross profit to occur? a. Increase of…
A: In the given case any changes made in the manufacturing process that is raw material,wages and…
Q: For each of the following costs incurred in a manufacturing operations, indicate whether the costs…
A: Following is the answer to the given question
Q: 1 For a manufacturing company, which of the following is an example of a period cost rather than a…
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Q: Which of the following statements is correct using the direct costing concept? a. All manufacturing…
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Q: Which of the following are examples of a mixed cost? I - A building that is used for both…
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A: Product Costs refers to the costs incurred to manufacture a product involving the direct materials,…
Q: In a manufacturing company, which of the following will affect gross profit? a. A change in the…
A: The gross profit of a manufacturing company is calculated by deducting the cost of goods sold from…
Q: Which of the following is/are not true about Committed costs a. They are costs incurred to…
A: Committed cost means the cost which the company has already made the commitment and it is the…
Q: Q4. Which one of the following cost of a computer manufacturer will not be included in the…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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- Which one of the following is not an example of a committed fıxed cost? a. None of the given answers. b. The salary of the deputy manager of customer call center. O c. The cost of the accounting system of the company. d. The property taxes of the factory plant. e. The depreciation cost of the Headquarters offices.Which one of the following is not an example of a committed fixed cost? None of the given answers. O a. O b. The property taxes of the factory plant. Ос. The cost of the accounting system of the company. d. O d. The salary of the deputy manager of customer call center. O e. The depreciation cost of the Headquarters offices.Which one of the following is an example of a discretionary fixed cost? a. The depreciation cost of the Headquarters offices. O b. The salary of the deputy manager of the factory plant. O c. The property taxes of the factory plant. O d. None of the given answers. O e. The cost of the accounting system of the company. е.
- Which one of the following discretionary fixed cost? The salary of the deputy manager of the factory plant .The depreciation cost of the Headquarters offices The property taxes of the factory plant the cost of accounting system of the company .None of the given answersWhich one of the following is an example of a discretionary fixed cost? O a. The property taxes of the factory plant. O b. The cost of the accounting system of the company. Oc The depreciation cost of the Headquarters offices. Od. The salary of the deputy manager of the factory plant. Oe None of the given answers. CLEAR MY CHOICEWhich of the following is not likely to be treated as product cost? Depreciation on the factory Interest paid on notes payable Portion of the cost running the quality control department Wages paid to factory workers
- Which of the following is unlikely to be classified as a fixed cost with respect to the number of units produced and sold? a Property taves on a headquarters building b. Legal department salaries C. Cost of leasing the company's mainframe computer d. Production suppliesme left 2:02:06 Which one of the following is not an example of a committed fixed cost? O a. The salary of the deputy manager of customer call center. O b. The depreciation cost of the Headquarters offices. C. The cost of the accounting system of the company. d. The property taxes of the factory plant. e. None of the given answers. CLEAR MY CHOICEWhich one of the following is an example of a committed cost? a. The salary of the marketing manager O b. The salary of the chief operating officer O c. None of the given answers O d. The cost of employee training program O e. The cost of annual end of year celebration
- Which one of the following is an example of a committed cost? O a. The salary of the marketing manager O b. None of the given answers С. The cost of employee training program O d. The salary of the chief operating officer e. The cost of annual end of year celebrationWhich of the following is a product cost? A) Sales commissions B) CEO's salary C) Delivery van depreciation D) Depreciation on production equipmentBelow is a table showing the various costs incurred by various companies. In each column, indicate the proper classification and explanation of these costs. Write NA if not applicable. Costs Manufacturing (M) or Non-Manufacturing (NM) Direct Materials (DM), Direct Labor (DL) or Factory Overhead (FOH) General and Administrative (GA) or Marketing and Selling (MS) j. Salaries of plant supervisor k. Interest on bank loan l. Property tax on the production plant