After all costs have been accounted for, how much money will be made to cover them

Q: a prod

A: Standard costs are the anticipated costs of manufacturing the product. Standard Direct Materials…

Q: What is the Economic Value Added (EVA) method? Provide a definition, state a formula, and define all…

A: Economic Value Added (EVA): EVA also called economic profit is a measure of the financial…

Q: How I can calculate the gross margin?

A: Gross margin formula Sale-Cost of goods sold

Q: the amount of relevant costs that would be saved

A: Relevant costs mean the variable costs that affect the decision making.

Q: What is the contribution margin percentage?

A: Contribution Margin: The Contribution Margin is also can be treated on a gross or per unit basis.…

Q: on. What is the maximum profit possible?

A: In the given question, we have to compute maximum possible profit out of the given availability of…

Q: My question is asking the amount of the total variable expense. Please help.

A: Variable expenses are those which do not remain constant. These expense keeps on varying with the…

Q: What does it mean to have a fixed cost? What's this? How much does it all end up costing? Describe…

A: Introduction: Costs are the costs that a company incurs when it is in operation. It includes the…

Q: What is meant by relevant costs and there use in making short-term decisions?

A: Cost refers to the amount of expenditure incurred by an individual or an entity in relation to goods…

Q: Describe analyzing of profit using contribution margin.

A: The contribution margin ratio is the percentage of difference in a company's sales and variable…

Q: What is the difference between a direct cost and an opportunity cost.  Can you show the difference…

A: Direct cost and opportunity cost are two types of costs used in cost accounting.

Q: Explain the Incremental Cost of Refinancing?

A: Answer: If the interest rate on the higher sum of borrowing is greater, then the average cost of…

Q: With the information given how do I calculate the current cost conversion?

A: Equivalent units of products concept came in to existence when some units are not fully completed at…

Q: What is the cost measurement? cost accumulation? what is the difference between the two?

A: Cost is the monetary value of an item or a service. While producing an item, there may be various…

Q: What are the different types of cost?

A: Costs refer to any expenditure done by a business or a firm in the process of production of a…

Q: Describe why base measurement on historical costs?

A: Definition: Historical cost: Historical cost explains that assets and liabilities appear in the…

Q: then how much money will be added to

A: Calculate the amount contributed yearly by employee as shown below: Amount contributed by employee =…

Q: (a) What are the percentage depletion and the cost depletion allowances?

A: Depletion: It refers to the process of proportionately distributing the cost of the extracting…

Q: The amount of a unit’s sales price that helps to cover fixed expenses is its ________.

A: In order to cover the fixed expenses

Q: how much is the prime cost?

A: Prime cost: It can be defined as the total of all the costs incurred on direct labor and direct…

Q: How can the Calculation of capital-recovery cost (with return)be done?

A: Capital Recovery Cost: When a company purchases or invest in some assets for the business…

Q: What is the fundamental argument behind using an opportunity cost as a discount factor in computing…

A: Opportunity cost: This term is very general and can be used on any normal day to day situation. For…

Q: How is contribution margin calculated?

A: Contribution margin means sales revenue over and above the variable costs of production and selling…

Q: What is gross profit? How do you calculate it?

A: Gross margin (gross profit): Gross margin is the amount of revenue earned from goods sold over the…

Q: Describe the concept of the INITIAL DIRECT COSTS?

A: Definition:   Initial direct costs: Initial direct costs refer to the costs that a lessor incurs…

Q: The summation of all costs related to a product, structure, system, or service during its life span…

A: Hello, I am only answering first question as per the policy and if you want other to be answered…

Q: Explain what cost behavious is and why it is important for business? (10 marks)

A: Cost behavior: It refers to the analysis of costs that is usually done by the management for…

Q: The cost that is incurred in the process of generating the income will be called as

A: The cost that is incurred in the process of generating the income will be called as expense.

Q: How much is the total cost of goods manufactured?

A: Cost of goods manufactured is the sum total of all direct expenses like material and labour costs…

Q: Write the equation for the Contribution margin?

A: Cost volume profit analysis: CVP analysis established the relation between cost, volume, and profit…

Q: What is meant by the incremental cost of refinancing?

A: Refinancing refers to making change in the capital structure of the company by replacing the…

Q: What formula do you use to calculate the payback period?

A: Capital budgeting is a process to determine the worth of the project in which the company wants to…

Q: Define the term Annual operating cost:?

A: MEANING OF OPERATING COST The sum total of operating expenses and cost of goods sold is called…

Q: Calculate the total relevant cost. Do you agree with the president's conclusion?

A: Note: Allocated facility level cost is a fixed cost; hence it is not taken into consideration.

Q: Explain Amortised cost and how to calculate it.

A: Amortized cost refers to the cost that helps to allocate the cost of financial/intangible assets…

Q: What is the process of computing the required annual savings to cover the capital and operating…

A: Answer: NPV is a capital budgeting technique used as it is taken as PV (cash inflows) and PV (cash…

Q: What is total cost?

A: The answer is explained as follows:

Q: Calculate the relevant incremental cost of making each unit: $

A: This whole question is based on the concept is Relevant cost What is Relevant cost? In simple words,…

Q: Can someone teach me how to calcuate contribution margin?

A: Contribution margin is the difference between the sales price and the variable expenses.

Q: List the various factors that influence the cost of money.

A: Cost of Money:  Cost of Money represents the price paid or used for doing some financial activity…

Q: When does the system pay back for its cost? (Use cost benefit analysis.) Page 6 of 7

A: system cost  $         50,000 Discount Factor  11%   Year  Operational Cost Annual Benefit…

Q: Find the Gross Profit

A: Direct costs are associated with the manufacturing of goods/services provided to consumers,…

Q: Show how one can use the human capital framework to obtain an estimate of migration costs.

A: Knowledge has played a significant role in the development of society and mankind. Businesses run by…

Q: What is the difference between a direct cost and an opportunity cost?  Can you show the difference…

A: For proper control and management decision, management is to be provided with the necessary data to…

Q: Explain an example how to calculate total costs.

A: Total c osts represents overall costs incurred to produce or procure a product.

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.