Answer:
Total production cost: $121,000
Unit cost: 17,2857 = $17.29
Explanation:
the unit cost will be the result of dividing the total unit putput by the cost added into the manufacturing process to generate that ouput.
material cost + labor cost + overhead cost = total cost
26,000 + 20,000 + 70,000 = 121,000
<em><u>Then we divide over the total output</u></em>
121,000 / 7,000 = 17,2857
Answer:
Companies purchase technology to reduce the variability of the human component of their service offerings. When they do this, they are dealing with the fundamental difference of heterogeneity of services marketing.
Explanation:
Service offerings are never the same. However, the presence of technology reduces this variability (heterogeneity) caused by the human component. The other fundamental differences between goods and service offerings are intangibility, inseparability, and perishability.
Answer:
Making a rational choice
Explanation:
The philosophy of rational choice claims that people use logical judgments to make rational decisions and deliver results that are consistent with their very own personal goals. Such findings are also linked with the highest, self-interests of a person.
The philosophy of rational decision is based on the conjecture of intervention of rational agents who are the people in a system making rational decisions based on rational judgments and knowledge that is rationally accessible. Rational individuals form the foundation of the philosophy of rational decision and are what makes the concept of rational choices efficient.
Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.
When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.
The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.
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Answer:
$90,000
Explanation:
Given data
Net credit sales = $6,000,000
The estimated bad debt percentage is 1.50%
Credit balance in allowance for uncollectible accounts = $42,000
Adjusted balance = $40,000
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $6,000,000 × 1.50%
= $90,000
By multiplying the net credit sales with the estimated bad debt percentage we get the bad debt expense and the same is applied in the above calculation
