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Delvig [45]
2 years ago
13

Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the co

mpany's volume doubles, the total cost per unit will:
Business
1 answer:
Semenov [28]2 years ago
6 0

Wu Company incurred $40,000 of fixed cost and $50,000 of variable cost when 4,000 units of product were made and sold. If the company's volume doubles, the total cost per unit will decrease

The cost per unit formula includes the sum of fixed and variable costs, which is divided by the total number of units manufactured during the period. To find the unit cost: Unit cost = (total fixed cost + total variable cost) / total production unit

The unit cost is higher than the cost of producing a single unit of the product. It also represents your break-even point, or the minimum value you must sell an item before you can start making a profit.

Learn more about the cost per unit here:brainly.com/question/205480

#SPJ4

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Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
yuradex [85]

Answer:

The following scenarios from the listed are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States. They include;

1) The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

2) The variety of goods available to consumers

3) The costs of overfishing and other overly intensive uses of resources.

8 0
3 years ago
Bolster Soda had an accounts receivable turnover ratio of 9.9 this year and 11.0 last year. Castor Soda had a turnover ratio of
Bess [88]

Answer:

This implies Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

Explanation:

The accounts receivable turnover ratio refers to an accounting ratio that is used to show the how effective a firm is in collecting the receivables or money its clients are owing it.

This implies that accounts receivable turnover ratio is used to determine the extent to which a firm ie effectively managing the credit it gives to customers and how quickly the firm collects that that short-term debt.

The formula for calculating the accounts receivable turnover ratio is as follows:

Accounts receivable turnover ratio =  Net credit sales / Average accounts receivable

When the accounts receivable turnover ratio is high, it implies that the company is efficient is collecting debt and a high percentage of its cutomers are paying up their debts.

The account receivable turnover ratios in the question therefore imply Bolster Soda collects receivables more effectively and quickly than Castor Soda in the two years.

3 0
3 years ago
On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

or

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

5 0
2 years ago
Mr. Small, store manager for Jay's Appliance, is having a difficult time placing a selling price on a refrigerator that cost $41
Dvinal [7]
The answer is $594.50, hope this helped you 
7 0
3 years ago
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em
Darya [45]

Answer:

Clooney Corp.

Petty Cash Journal Entry

<em>Sr. No                     Particulars             Debit           Credit</em>

1                    Petty Cash                      $200

                             Cash                                            $200

Establishing Petty Cash

2.   (Employee Name;s ) Entertainment Expenses    $25 Dr

                     Petty Cash                                        $ 25 Cr

Recording employee petty cash expenditures

Credit Card Expenditures Entries

1.                            Postage,                  $44;  Dr

                            Delivery,                     $69; Dr

                            Supplies expense,     $34 Dr

                           Credit Card Payable                 147 Cr

Credit Card Payable is a liability and appears in the balance sheet . It has to be paid in the future.

2.                    Credit Card Payable           147 Dr.

                          Cash                                                  147 Cr

When the liability is paid this entry is made.

4 0
3 years ago
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