Answer: The amount of gross margin Mazer would report if the company uses absorption costing is $1350.
Explanation:
Given that,
Mazer Manufacturing Company produced = 2,000 units of inventory
Units Sold = 1,800 units
Variable product cost = $4 per unit
Fixed manufacturing overhead cost = $2,500
Sales price of the products = $6 per unit
Fixed manufacturing cost per unit = 
= 
= $1.25 per unit
Unit Product cost under Absorption costing = Variable product cost + Fixed manufacturing cost per unit
= 4 + 1.25
= $5.25
∴ Gross margin under Absorption costing = Sales Revenue - Cost of goods sold
= Units sold × sales price - Units sold × Unit Product cost under Absorption costing
= 1800 × 6 - 1800 × 5.25
= 10800 - 9450
= $1350
Answer:
The correct answer is letter "A": Those who are unwilling or unable to pay for the good do not obtain its benefits.
Explanation:
The excludability feature of goods does not allow individuals to have access to them without having paid for them. Thus, non-excludable goods are those that no one cannot prevent its use. <em>Private goods</em> (clothing, vehicles, houses) are excludable but they are also considered rival goods since when one person uses it another individual cannot consume the goods.
Answer:
The answer is: D) Accounts:
Salaries Expense: Debit = 1,200
Salaries Payable : Credit = 1,200
Explanation:
Salaries expense is a type of expense account (all expense accounts are temporary accounts). When expenses are recorded, they should be debited.
Salaries expense 1,200
Salaries payable is a liability account. When liabilities increase, they should be credited.
Salaries payable 1,200
Explanation:
In the scenario exemplified in the question above, it can be said that because he is a minor, Haley's contract with Games Galore can be canceled.
Therefore, if the case is brought to court, it will likely be determined that Haley will return the valuable work materials provided by Game Galore and any amounts received by Haley that were provided for in the contract.
Answer:
internal entrepreneur
Explanation:
According to my research on different types of entrepreneurs, I can say that based on the information provided within the question Nicole is an internal entrepreneur. This term is defined as a person within a large corporation who is taking a direct approach for turning an idea into a profitable finished product, usually by being assertive and pushing through organizational obstacles.
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