Standard cost per output unit for each variable direct cost input is calculated by multiplying developed for a period for a planned output. An estimated expense that typically happens throughout the creation of a good or provision of a service is called a standard cost.
In other words, standard cost is the estimated sum of money a business will need to spend in order to create a something or provide a service under typical circumstances. Examples include payments due for rent, utilities, insurance, office staff salary, and supplies, among others. the normal fixed cost is $100,000, and the hourly rate is $15.
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Items that belong in the income statement include:
- Revenue, expenses and net income
<h3>The Income Statement </h3>
- Is used to calculate the total income earned by a company in a given period.
- Lists the revenue and expenses.
The net income will then be calculated by deducting the expenses from the revenue.
In conclusion, the income statement shows revenue, expenses, and income.
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Answer:
$575
Explanation:
The computation of the depreciation expense is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($2,500 - $200) ÷ (4 years)
= ($2,300) ÷ (4 years)
= $575
In this method, the depreciation expense is the same for all the remaining useful life i.e for four years, the $575 should be charged for all four years
Answer: a. Higher than 100 units , price lower than $5 and Mr = price
Explanation:
Firms competing in perfect market conditions are Price Takers, the produce quantity at the level where Marginal Revenue equals Marginal cost. Since firms are price takers their Marginal Revenue is the Market Price P. They can only increase quantity if they want to earn more profit, Therefore Price = Marginal Revenue = Marginal Cost.
The Quantity will increase and the price will be lower than $5. Price = Marginal Revenue = Marginal cost. The Price will be $4
Answer:
the answer to a is 3 same as b
