Answer:
$21.65
Explanation:
The computation of the standard cost is shown below:
= Material cost + labor cost + factory overhead cost
where,
Material cost = 3 ÷ 4 × $5 per yard
= $3.75
Labor cost = 2 hours × $5.75 = $11.5
And, the factory overhead cost is
= $3.20 × 2 hours
= $6.4
So, the standard cost is
= $3.75 + $11.5 + $6.4
= $21.65
Answer:$100
Explanation:
Accounting profit is total earnings less total cost.
Accounting profit = Total revenue - Total cost
$150 - $50 = $100
Economic profit = Accounting profit - Opportunity cost
$100 - ($20 ×5) = 0
Answer:
B
Explanation:
When a company issues shares, ‘cash’ is debited because money has come into the firm (debit means addition). ‘Equity’ is credited however because it is money the business is owing to the business owners (credit means negative)
Equity is always a credit balance when new shares are issued. It means the business is owing more to the business owners.
Note that Equity is a credit balance (in negative position) while Asset is a debit balance (positive)
In our case, we have added more business owners by getting more money to the business to the tune of $100,000. We will therefore credit equity by -$100,000). Since money came in, we also debit cash by adding an equivalent +$100,000.
The entry is therefore balanced and correct!
The Present Value is $335,539.75
This is a form of an annuity. The present value of an ordinary annuity can be computed as follows -
PV = A * 1 - 1 / (1 + r)n / r
where
A = annual revenue or annuity,
r = rate of interest,
n = no. of years
PV = 65000 * 1 - frac 1 / (1+0.0825)^7 / 0.0825 = 335,539.746942
or, Present value = $335,539.75
Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.
Learn more about Recurring Revenue here: brainly.com/question/14317614
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Answer:
The correct answer is B
Explanation:
Controllable cost is the one which can be altered or changed in the short term and it is considered to be controllable when the decision incur it reside with the person. But if the cost is imposed by the third party on the organization, will not be considered as the controllable cost.
So, it is that cost which is directly influenced by the manager within a stated period of time.
