<em>Profit</em><em> </em>is what is left after a firm plays its variable costs and fixed costs.
B. Accumulating Wealth. It is the way to understand and continuously add to the wealth.
<h3>What is Wealth/Income?</h3>
Wealth or income is the amount that is earned by individuals, the income is earned in many different ways for example an individual can have a business to earn the income, or an individual can have a job that is salary based. Wealth is the other name of income.
Another method of earning and increasing wealth is Interest Income, when an amount is deposited with a financial institution the amount is added with the interest income.
Interest income is calculated on the interest rate, interest rate is the market rate in the prevailing economy. Income can be earned more by working hard and there are many ways to earn income and it is the goal of all the individuals to grow their wealth.
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Answer:
$3.10 ; $2.10 and $14.20
Explanation:
The computation of the activity rates is shown below:
For Activity 1
= Budgeted cost ÷ Total budgeted activity of cost driver
= $94,550 ÷ (18,200 + 8,100 + 4,200)
= $94,550 ÷ 30,500
= $3.10
For Activity 2
= Budgeted cost ÷ Total budgeted activity of cost driver
= $53,550 ÷ (7,100 + 13,200 + 5,200)
= $53,550 ÷ 25,500
= $2.10
For Activity 3
= Budgeted cost ÷ Total budgeted activity of cost driver
= $59,995 ÷ (1,175 + 1,000 + 2,050)
= $59,995 ÷ 4,225
= $14.20
Answer:
COGS= $15,000
Explanation:
Giving the following information:
Purchase= 500 grills
Unitary cost= $75
Units sold= 200
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 0 + 500*75 - 300*75
COGS= $15,000
or;
COGS= 200*75= $15,000
