Someone may choose to own a car instead of leasing because

At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report show

mezya [45]

Answer:

Flexible budget cost formula for indirect labor is $0.25 per DL hours

Explanation:

Flexible budget cost for indirect labor = Actual indirect labor cost + Associated spending variance

= $5,780 + $245

= $6,025

Flexible budget cost formula for indirect labor= Flexible budget cost for indirect labor / Direct labor-hours

= $6,025 / 24,100 DL hours

= $0.25 per DL hours

6 0

4 years ago

Longstreet inc. has fixed operating costs of $470,000, variable costs of $2.80 per unit produced, and its product sells for $4.0

vovangra [49]

The answer is 391 667
I think it is right so be sure to check just in case
good luck

3 0

3 years ago

Explain how farmers' economic choices were affected by the scaricity of the resources.

oksano4ka [1.4K]

It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.

<h3>How has scarcity forced you to make economic choices?</h3>

Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.

<h3>What is scarcity of resources?</h3>

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.

To learn more about Scarcity , refer

brainly.com/question/1888324

#SPJ4

3 0

2 years ago

Company X sold one of its divisions for $15,000,000 at the end of 2018. At the time of sale, the division had a book value of $1

Lady bird [3.3K]

Answer:

Loss on discontinued use of unit= $900,000

Explanation:

Company X sold one of its divisions for fair value of $15,000,000 while the book value is $14,000,000.

So they made a gain of $1,000,000

The division made a pretax loss of $2,500,000

Net loss= Pretax loss- Gain from sale

Net loss= 2,500,000- 1,000,000

Net loss= $1,500,000

Tax rate for Company X is 40% so taxed amount for the loss= 0.40* 1,500,000= $600,000

Loss on discontinued use of unit= Pretax loss - Tax

Loss on discontinued use of unit= 1,500,000- 600,000= $900,000

6 0

4 years ago

Cost Behavior; Contribution Format Income Statement [LO2-4, LO2-6] Harris Company manufactures and sells a single product. A par

VLD [36.1K]

Answer:

This question has two requirements answer of each requirment is given separately below.

<u><em>Complete schedule of the company's total and unit costs</em></u>

Variable cost per unit = (180,000/30,000) = $ 6 -A

Fixed rate per unit = (300,000/45,000 (assume)) = $ 6.67 -B

Total Fixed per unit = A+ B = $ 12.67

Total cost = 45,000 *12.67 = $ 570,000

<u><em>Contribution format income statement for the year</em></u>

Sales $ 720,000

Variable cost $ 270,000

Contribution margin $ 420,000

Fixed cost $ 300,000

Net operating income $ 120,000

5 0

3 years ago