All categories

2 years ago

Total Costs (dollars)

Business

1 answer:

Andrei [34K]2 years ago

6 0

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

You might be interested in

The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Orange Company as

Sidana [21]

Answer:

$67,600

Explanation:

income from operations = gross profit - operating expenses.

In this case, the income from operations = EBIT, it is not always that way because EBIT includes non-operating income, but in this case this doesn't exist.

Sales Revenue 320,000

- Sales Discounts 9,400

- Sales Returns & Allowances 43,000

Net sales = 267,600

- Cost of Goods Sold 153,000

gross profit = 114,600

- Advertising Expense 20,000

- Delivery Expense 7,600

- Insurance Expense 1,000

- Rent Expense 18,400

income from operations = 67,600

4 0

3 years ago

The Martins' home has potentially unsafe levels of radon, but they have no idea because it is odorless and they have not been fe

julsineya [31]

Answer:

D. inactive

Explanation:

3 0

4 years ago

Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four mon

Illusion [34]

Answer:

Ruby

Explanation:

Because she is a minor, but Ruby must return the car.

7 0

2 years ago

Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process,

fiasKO [112]

Answer:

COGS= $154,500

Explanation:

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

Now, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

3 0

3 years ago

If the required reserve ratio

Radda [10]

Answer:

Explanation:

Formula: 1 / Reserve money ratio -> 1 / 0.25 = 4

5 0

3 years ago