Answer:
$235,600
Explanation:
Variable costs refer to corporate expenses that change in proportion with the output of a production process. These costs may either increase or decrease based on a company's production volume; they rise as production increases and fall as production decreases. In our case, they include direct material cost, direct labor cost, and packaging cost.
Closet Link's total variable costs
= Direct material cost + Direct labor cost + packaging cost
= $86,000 + $130,000 + $19,600
= $235,600
Answer:
SWOT analysis.
Explanation:
SWOT analysis is also called the SWOT matrix and is strategic planning used by organisations to identify strengths weaknesses, opportunity, and threats while carrying out business in a competitive environment.
SWOT analysis is designed in such a way that it is most effective at the preliminary stage of planning a business strategy.
It is primarily used to set organisation objectives and to identify internal and external factors that will influence the set objectives.
Answer:
1. The cost formula for the gallery's costs for a year would be Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed is $86,000
Explanation:
1. According to the given data the cost formula for the gallery's costs for a year would be as follows:
Total cost=Fixed costs+Variable costs for the level of activity
Total cost=$80,000+$500*number of opening shows
Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed above would be as follows:
Total cost=$80,000+$500X
Total cost=$80,000+$500*12
Total cost=$80,000+$6,000
Total cost=$86,000
Answer:
$118,220
Explanation:
The Costs of Goods Sold COGS is calculated using the following formula.
COGS = Beginning inventory + purchases - Ending Inventory
For Azur company
Beginning inventory: 30,840
Ending inventory : 20,560
Net purchases equal Net purchase equal to purchases plus freight-in minus discounts freight-out are administrative expenses, hence do not feature in COGS
Net purchases =$102,800 + $15,420 -$ 10,280
Net purchases =$107,940
COGS = $30,840 +$107,940 -$20560
COGS = $118,220
