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Homework Help: Solved 101722

Fill in the blanks with the correct words. __ (i)___ costs are costs that, ___(ii)___, are constant within the ___(iii)__ range as the level of the cost driver varies. Select one: a. (i) variable; (ii) in total; (iii) long b. (i) fixed; (ii) on average; (iii) driving c. (i) mixed; (ii) per unit; (iii) real d. (i) fixed; (ii) in total; (iii) relevant Which of the following items would be recognised as a liability? Select one: a. advances from customers for goods and services to be provided next year b. accumulated depreciation c. allowance for doubtful debts d. none of the above Design Ltd has $200 000 in current assets and $150 000 current liabilities. What would have been the impact on current ratio if the company borrows $50 000 from the bank as a long term loan, repayable in five years? Select one: a. Increase b. Decrease c. No change d. Increase and decrease Which of the following is not an overhead cost? Select one: a. Factory electrical expenses b. Indirect manufacturing labour c. Salary of sales supervisor d. Depreciation on the factory building

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