Question

2-Which type of company has the highest percentage of labour​ costs? A. Wholesale company B.Service company...

2-Which type of company has the highest percentage of labour​ costs?

A. Wholesale company

B.Service company

C.Merchandising company

3-Vango Industries sells two​ products, Basic models and Deluxe models. Basic models sell for​ $40 per unit with variable costs of​ $30 per unit. Deluxe models sell for​ $48 per unit with variable costs of​ $40 per unit. Total fixed costs for the company are​ $76,000. Vango Industries typically sells three Basic models for every Deluxe model. What is the

break−even point in total​ units?

A.​13,818 units

B.​4,000 units

C.8,000 units

D.6,909 units

D.Manufacturing company

4-Renting a car and paying​ $15 per day plus​ $.03 per mile driven is an example of what type of​ cost?

A.Fixed cost

B.Mixed cost

C.Conversion cost

D.Variable cost

5-The lost profits from lost customers are an example of

A.appraisal costs.

B.prevention costs.

C.internal failure costs.

D.external failure costs.

6-Which of these documents is used to accumulate the costs of a​ job?

A.Materials inventory requisition form

B.Labour time record

C.Bill of materials

D.Job cost record

-Just the correct answers (Letters), without any explanation at all, many thanks
-Please just answer if you're sure about the answers

Homework Answers

Answer #1

Question 2

Answer :  B.Service company

Question 3

Answer :  C.8,000 units

Basic ($) Deluxe ($)
Sales 40 48
Less ;Variable cost 30 40
Contribution 10 8
Weightage 3 1
Contriution with Weight 30 8
Weighted Average = 30+8/4
contribution
= 38/4
Weighted contribution = 9.5
Break Even sales = Fixed cost / Contribution
in units = 76000/9.5
= 8000 Units

Question 4

Answer :  B.Mixed cost

Question 5

Answer :  D.external failure costs.

Question 6

Answer :  D.Job cost record

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