Answer:
Standard production is more profitable.
Most profitable sales mix = 264,000 standard units (and 0 premier unit)
Explanation:
As per the data given in the question,
For standard product :
Contribution margin for every hour = 8 × $22
= $176
For premier product :
Contribution margin for every hour = 5 × $30
= $150
As, contribution margin of standard product is greater than premier product, Therefore, Logan company should employ all the production hours to produce only standard product to get the maximum profit.
Therefore, Most profitable sales mix = 33,000 hours × 8 unit per hour
= 264,000 standard units (and 0 premier unit)
Answer:
Total stockholders' equity = $10,014,055
Explanation:
See below images to get step-by-step explanation:
Answer:
$50,000 + $25x
Explanation:
Given that,
Fixed cost to start a production process = $50,000
Variable cost per unit = $25
Revenue per unit is projected to be $45
Therefore,
Let the number of units produced be x,
The total cost function is as follows:
Total cost = Fixed cost + Variable cost
= $50,000 + (Variable cost per unit × Number of units)
= $50,000 + $25x
Answer:
false
Explanation:
S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.
The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are
1. Should not have more than 100 shareholders
2. Shareholders should be individual or some exempt entities.
3. Have one class of stock
