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3 years ago

You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be _____.

1 answer:

3 0

You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.
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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of

fiasKO [112]

Answer:

1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost

Overhead rate = 888 * 100/1200

Overhead rate = 74% of direct labor cost

2. Preparation of the brief job-order cost sheet for the four jobs.

Job 86 Job 87 Job 88 Job 89

Beginning balance, March 1 6,888 6,820

Direct materials 3,000 7,000 2,100 1,500

Direct labor 800 6,000 900 500

Applied overhead 592 4440 666 370

Total Balance March 31 11,280 24,260 3,666 2,370

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3 years ago

Flounder Inc. issued $2,840,000 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion fea

olganol [36]

Answer:

Given that,

Flounder Inc. issued convertible bonds = $2,840,000 par value

Interest rate = 7%

Sold for cash = $97

If the bonds had not included the conversion feature, then

Sold for = $95

Therefore, the journal entry is as follows:

Cash A/c ($2,840,000 * 0.97) Dr. $2,754,800

Discount on issue of Bond A/c Dr. $85,200

To 7% Convertible Bonds payable $2,840,000

8 0

3 years ago

. In an income statement segmented by product line, the salary of the corporation chief executive officer (CEO) should be: a. al

Alexxx [7]

Answer:

d. classified as a common fixed expense and not allocated to the product lines.

Explanation:

In the case when the income statement is segmnented by the product line so the salary of the chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines

Therefore as per the given situation, the option D is correct

Hence, the same is to be considered

8 0

3 years ago

Both Mia and Mario produce only the item in which they have a comparative advantage. Then they trade one pasta for one pizza. Be

Molodets [167]

The total gains from trade are 66 dishes of pasta and 66 pizzas an hour.

Explanation:

A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.

Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.

To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.

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3 years ago

When clara began measuring the depth and quality of relationships salespeople developed with customers, she was practicing , put

Varvara68 [4.7K]

The correct answer is management by means in which is followed after the word ‘she was practicing’. It is likely she is using MBM or also known as management by means as this focuses more on having to achieve goals with the use of right process and that when followed, this will likely be followed with the outcome that is desired in which Clara is engaging to.

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4 years ago

Read 2 more answers