Answer: $425,000
Explanation: The total overhead cost can be computed suing following formula :-
total overhead cost = fixed overhead cost + variable overhead cost
where,
fixed overhead cost = $90,000
=$335,000
so,putting the values into equation we get :-
total overhead cost = $90,000 + $335,000
= $425,000
Answer:
Obligations that are due within one year are: reported as a current liability.
Explanation:
Current liabilities are the obligations that the company has, and that are due (that have to be paid) within one year.
An common example of a current liability are taxes: most taxes have to be paid to the government within one year, therefore, companies include them in the financial statements as current liabilities until they are paid.
Long-term liabilities are on the other hand, those obligations that are due for periods longer than one year. Many bank loans fall under this category.
Answer:
The answer is stated below:
Explanation:
Functional currency is the one which states the primary and foremost economic environment in which the entity generate cash as well as expends cash.
It is used by the business units or the business as a monetary unit of account.
For determining or evaluating the functional currency, a hyper inflationary economy is one which experience a combined inflation of 100% or more over the past three years.
Inflation is 35% every year over the last 3 years which is a combined 105% and constitutes to a economy which is highly inflationary.
Let the amount received by the first person = x
First person receives: x
Second person receives: 2x - 6
Third person receives: 2x - 6 + 7 = 2x + 1
Solve for x
x + (2x - 6) + (2x + 1) = $180
5x - 5 = $180
5x = $185
x = $37
First person receives: $37
Second person receives: 2(37) - 6 = $68
Third person receives: 2(37) + 1 = $75
The price paid to each factor adjusts to balance the supply and demand for that factor. Because factor demand reflects the value of the marginal product of that factor, in equilibrium, each factor is compensated according to its marginal contribution to the production of goods and services.
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Explanation:</u></h3>
The incremental profit that is being earned for an additional single unit by subtracting the price of the product and all the variable cost that is associated with that product is the marginal contribution. It is the earnings that is obtained in total for paying all fixed expense and also for the profit generation.
The price that is spent for the every factor in order to adjust balancing the supply and demand of that particular factor. This is because of the reason that, the value of the marginal product of any factor is controlled by the demand factor. Thus in an equilibrium state there will be a compensation of each factor based on the marginal contribution to the production of goods and services.
