The accounting profit of Jarod based on the information regarding rent, wages, etc given will be $55000.
It should be noted they the formula for calculating accounting profit will be:
= Total revenue - Explicit cost
Total revenue will be:
= $65 × 4000
= $260,000
Explicit cost is the direct cost that a business spends. This will be:
= $60000 + $120000 + $25000
= $205,000
Therefore, the accounting profit will be:
= $260000 - $205000
= $55,000
The accounting profit is $55000.
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Answer:
$1,800
Explanation:
Calculation to determine the variable overhead efficiency variance
Using this formula
VOH Efficiency Variance = Budgeted VOH based on Actual - Budgeted VOH/Standard Qty
Let plug in the formula
VOH Efficiency Variance = ((16,000 * $1.80/hr) - ((5,000 * 3.00hrs/unit * $1.80/hr))
VOH Efficiency Variance = $(28,800.00 - $27,000.00)
VOH Efficiency Variance = $1.800
Therefore Using the four-variance approach, what is the variable overhead efficiency variance will be $1,800
Answer:
Total Cost = $309,366
Explanation:
Given:
Number of year = 15 year
Monthly payment = $1,718.70
Find:
Total Cost
Computation:
Total Cost = Number of year x 12 months x Monthly payment
Total Cost = 15 x 12 x 1,718.70
Total Cost = $309,366
Answer:
$340,000
Explanation:
The computation of Product X’s sales value at the split-off point is shown below:
= Total sales value - Product Y sales value at the split-off point - Product Z sales value at the split-off point
= $600,000 - $150,000 - $110,000
= $340,000
Basically for determining the Product X sales value at the split-off point, we deduct the Product Y sales value and the Product Z sales value at the split-off point from the total sales value
Answer:
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