Its called inflation the more you buy the more the prices go up but i don't think the quantity lowers no
Answer:
The total amount of paid-in capital in excess of par is: $5,000.
Explanation:
When Common Stocks are classified as par value Stocks, any price paid in excess of the par value of the Stock is accounted for in the Share Premium account.
<u>Here is the Summary of the Transaction provided.</u>
Common Stocks : 260 shares × $100 = $26,000
Paid-in capital in excess of par : $31,000 - $26,000 = $5,000
Answer:
c. $24,750
Explanation:
For computing the fixed cost first we have to determine the variable cost per hour by using high low method which is shown below:
Variable cost per hour = (High total cost - low total cost) ÷ (High desk manufactured - lower desk manufactured)
= ($86,625 - $49,500) ÷ (4,500 desk - 1,800 desk)
= $37,125 ÷ 2,700 desk
= $13.75
Now the fixed cost equal to
= High total cost - (High desk manufactured × Variable cost per hour)
= $ 86,625 - (4,500 desk × $13.75)
= $86,625 - $61,875
= $24,750
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