Answer:
The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.
Explanation:
Total current assets
= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory
= $4,000 + $16,000 + $12,000 + $8,000
= $40,000
Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.
Answer:
$34,700
Explanation:
Calculation to determine what the cost of ending work in process inventory for the department would be:
Using this formula
Cost of ending work in process inventory=Beginning work in process inventory +Costs added to production-Units completed and transferred out
Let plug in the formula
Cost of ending work in process inventory=$12,700+$433,000- $411,000
Cost of ending work in process inventory=$34,700
Therefore the cost of ending work in process inventory for the department would be: $34,700
Marginal cost is the incremental cost incurred for one additional unit.
Marginal benefit is the incremental benefit gained from the one additional unit.
The maximized utility is the concept of getting maximum values from the minimum expenditure.
If you decide to eat one more chip. the change in the total amount gained that comes from this action is the Marginal benefit.
Hence the correct answer is the <u>Marginal benefit</u>
Answer:
$22
Explanation:
The total cost of skipping practice and going to the carnival will be computed by adding the forfeited earnings from practice plus the carnival admission fee.
Total cost = $13 + $9 = $22.
Therefore, if the practice had not been skipped and the carnival not attended, $22 would have been saved.
