Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. information is provided to you showing results for

Information is provided to you showing results for the past two periods. P1 P2 Sales...

60.1K

Verified Solution

Question

Accounting

Information is provided to you showing results for the past two periods. P1 P2 Sales $ 400.00 $ 500.00 Costs $ 80.00 $ 95.00 Analyse the results and select the correct answer. Select one: a. In period 1 the fixed costs are $20 and the variable costs are $60 b. As costs are changing together with changes in sales, then these must all be variable costs. c. As the costs are changing from one period to the next, then these must all be variable costs. d. In period 2 the fixed costs are $80 and the variable costs are $15

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Drake Appliance Company, an accrual basis taxpayer, sells homeappliances and service contracts. Determine the...

Accounting
Q

Show graphically how an increase in US government spending affects the US trade deficit.

Economics
Q

PART 7 METAPHASE II for 2n 4

Biology
Q

Find a positive angle less than 27 that is coterminal with the given angle 47x...

Basic Math
Q

Two trains leave the station at the same time, one heading east and the other...

Basic Math
Q

Explain how the conceptual framework is used as a basis for determining...

Accounting
Q

10. The partial worksheet for Smitty's Delivery Service follows. Complete the adjusted trial balance columns,...

Accounting
Q

ace had total costs of $50,000 at its lowest level of activity, when 5,000 boxes...

Accounting
Q

Crane Corporation sells three different models of a mosquito zapper. Model A12 sells for $...

Accounting
Q

8. Korsak Company recorded the following activity for the year just ended: The net cash...

Accounting
Q

A journal entry would not be required for which type of reconciling item? A. A...

Accounting
Q

Sold land for $295,000 cash that was recorded listed on the balance sheet for $100,000...

Accounting