Answer:
The minimum selling price = $23
Explanation:
The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.
The relevant variable cost = marginal cost of a unit
Marginal cost = Direct material + Direct labour + Variable manufacturing overhead + shipping cost
Marginal cost = 9+ 7 + (50%× 8) + 3= 23
The minimum selling price = $23
Note : The 50% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.
Answer:
<u><em>Radical change</em></u>
Explanation:
A distinguishing feature of radical change is that it is rapid in terms of ground breaking breakthrough innovations.
Thus, In 1993 the film industry was experiencing breakthrough innovations such as the release of the blockbuster movie "Jurassic park" which introduced high-tech special effects in the film industry.
Answer:
Debit Cash Account $12,000
Credit Unearned Revenues Account $12,000
Being advance payment for marketing research services by Anderson
Explanation:
Revenue received before it is earned are reported as liability until it is earned, this is consistent with accrual basis of accounting. when payment for service not yet performed or goods not yet delivered is received, such a payment must not recognized in the period of payment but in the period when that service is preformed or when the goods are delivered.
The treatment for advance payment of income is a debit to cash or bank and a credit to unearned revenues account or income received in advance account.
Answer:
Option C:specialized packaged and purchased curriculum.
Explanation:
It was a term from the building blocks curriculum (Sandall & Schwartz 2008). Specialized package are special programs for the children to aid their learning.
Programs that are good and help children grow Developmentally are based on What is known about how children develop and learn, individual differences between children, and qualities of their families and culture.
Developmentally good curriculum helps the various aspects of child development, individual differences, and the families and culture of the children in the program.
Answer:
A) unit sales price 288.88
B) unit sales price 260.5
Explanation:
B)
return of 25% in a 1,000,000 investment: 250,000
fixed cost per unit + variable cost + required return
5,000,000/500,000 + 250 + 250,000/500,000 =
10 + 250 + 0.5 = 260.5
A)
10% of sales as return:
fixed cost + variable + 10% of sales = Sales
10 + 250 + 0.1 S = S
260 = 0.9S
260/0.9 = S = 288,88