Answer:
Bezanitia,
1.782609
Explanation:
Opportunity cost is the cost of the next best option forgone hen one alternative is chosen over another alternative.
By choosing to produce one more motorcycle, the countries would be giving up the opportunity to produce one more unit of lawn mowers
Yekutia's opportunity cost in the production of motor cycle = 570 / 320 = 1.781250
Bezanitia's opportunity cost in the production of motor cycle = 410 / 230 = 1.782609
You can spend money on things you need first instead of the things you want. Most people spend their pay on things that they want rather than getting something they need this leads to financial problems. Another way is to put at least $20 in the bank every paycheck. This way if something bad happens and you need to pay for it then you have the extra money in your bank. Daily spending can be a bad thing because you are constantly spending and never saving money, and life is full of surprises so you need to save money as well for preparation.
Hope this helped. Have a great day!
Answer:
$71,240
Explanation:
The computation of the total gross margin under absorption costing is shown below:
As we know that
Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold
Sales (2,740 units × $131) $358,940
Less Manufacturing Costs
Direct Materials (2,740 units × $44) $120,560
Direct Labor (2,740 units × $19) $52,060
Variable Manufacturing Overhead (2,740 units × $13) $35,620
Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460
Gross Margin $71,240
We simply applied the above formula
objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.
What are the primary objectives of internal control?
The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.
What are the 5 internal controls in auditing?
There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.
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