Austin's Total Fixed Cost Is $3 600 a Month for Making

question 286

Multiple Choice

Austin's total fixed cost is $3 600 a month for making 100 000 cupcakes at his cupcake bakery.He employs 20 workers and pays each worker $600 a month.If labour is his only variable cost,what is Austin's total cost per month for making 100 000 cupcakes?

• A) $3 600
• B) $1 200
• C) $15 600
• D) $12 000

Understand the differences and similarities between content and values conflicts, and how they are resolved.

Identify the psychological and structural factors leading to conflict in the workplace.

Recognize the importance of maintaining positive relationships and achieving basic goals in conflict resolution strategies.

Understand different sources and types of conflicts within organizations.

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Definitions:

Accounting Cycle

The series of steps followed by an entity to collect, process, and report financial information, culminating in the preparation of financial statements for a specific period.

Adjusting Entry

Documentation produced at a period's end within accounting to properly allocate profits and outlays to the actual period they happened.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby preparing the books for the next accounting period.

Post-Closing Trial Balance

A list of all account balances after the closing entries have been made, ensuring the accuracy of the ledger.