Which of the Following Is an Example of a Mixed

question 15

Multiple Choice

Which of the following is an example of a mixed cost?

• A)salary of a factory supervisor
• B)electricity costs of $3 per kilowatt-hour
• C)rental costs of $10,000 per month plus $0.30 per machine hour of use
• D)straight-line depreciation on factory equipment

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Definitions:

Non-controlling Interest

A minority ownership in a subsidiary that is not large enough to exert control over the company, reflected within the equity section of the consolidated financial statements.

Consolidated Equity

The total amount of owners' equity represented in a consolidated financial statement, which reflects the combine equity of a parent company and its subsidiaries.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.