They are considered to be a period cost. They are not reported in the income sta

Question

       They are considered to be a period cost.
       They are not reported in the income statement.
       They are charged to the product.
       They are reported on the balance sheet as a prepayment.

       is distributed internally and externally.
       classifies costs by functions.
       discloses contribution margin in the body of the statement.
       will reflect a different net income than the traditional income statement.

       $2
       $7
       $13
       $17

       36,000 units
       60,000 units
       90,000 units
       540,000 units

5. What does a mixed cost contain? (Points : 2)        a variable element and a fixed element
       both selling and administrative costs
       both retailing and manufacturing costs
       both operating and nonoperating costs

Explanation / Answer

Answer:5 a variable element and a fixed element

Answer:6 They are considered to be a period cost.

Answer:7 (5/20)*100=25%

Answer:9 discloses contribution margin in the body of the statement.

Answer:13 Contribution margin=2000000-700000

=1300000/100000

=13 per unit

Answer:21 BEP=180000/3=60000 units

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