Answer:
Units accounted for: 7,500
Explanation:
We are going to follow physical units so the method W/a or FIFO is not relevant for this step:
Beginning and transferred in are the input, fro mwere the units come from:
beginning WIP 4,500
transferred in 3,000
Units to account for: 7,500
While, ending WIP and transferred-out are were the untis are now:
Ending WIP 6,000
transferred-out 1,500
Units account for 7,500
Answer:
break even point in units = 2,667
break even point in $ = $33,338
Explanation:
The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.
break even point in units = total fixed costs / contribution margin
- total fixed costs = $10,000
- contribution margin = $12.50 - ($4 + $4.75) = $12.50 - $8.75 = $3.75
break even point in units = $10,000 / $3.75 = 2,666.67 ≈ 2,667 units
break even point in $ = 2,667 units x $12.50 per unit = $33,337.50 ≈ $33,338
Answer: Simple random
Explanation: In statistics, a simple random sample is a subset of individuals chosen from a larger set. Each individual is chosen randomly and entirely by chance, such that each individual has the same probability .In this technique, each member of the population has an equal chance of being selected as subject. The entire process of sampling is done in a single step with each subject selected independently of the other members of the population. Simple random sampling is a method used to cull a smaller sample size from a larger population and use it to research and make generalizations about the larger group . Simple random sampling is the most basic and common type of sampling method used in quantitative social science research and in scientific research generally.
Answer:
-0.136 and $528
Explanation:
Given that
p = 50 - 0.5Q
where,
Q = 88
So, p equals to
= 50 - 0.5 × 88
= 50 - 44
= $6
As it is mentioned that
p = 50 - 0.5Q
0.5Q = 50 - p
Q = 100 - 2p
And we know that
Price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage Change in price
So,
= -2 × (6 ÷ 88)
= -0.136
And, the revenue is
= Price × Quantity
= $6 × 88
= $528
