Taran Company incurred the following costs for the months of January and February: Type of Cost January February
Insurance $5,000 $5,000
Utilities 4,000 5,000
Depreciation 3,500 3,500
Materials 10,000 20,000

If output was 5,000 units in January and 10,000 units in February, we can assume that:

a. output decreased from January to February.
b. insurance is a mixed cost.
c. output stayed the same from January to February.
d. insurance and depreciation are fixed costs

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Afamily wishes to save for future college expenses. which financial tool should the family invest in?

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?