Answer:
Results are below.
Explanation:
Giving the following information:
Direct materials $150
Direct labor $90
Manufacturing overhead (variable) $60
Manufacturing overhead (fixed) $120
<u>The absorption costing metho</u>d includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>The variable costing method i</u>ncorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing:
Unitary production cost= 150 + 90 + 60= $300
Absorption costing:
Unitary production cost= 300 + 120= $420
Answer:
When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.
Answer: each service is interdependent and interrelated.
Explanation:
An interdependent and interrelated service means the service cannot be separated, one cannot be said to have been concluded without concluding the other, invariably they will be accounted for as a single performance obligation.
The product cannot be distinct for a distinct product means the performance can be separated and it must be determinable for this an obligatory attribute of a contract.
A distinct performance obligation means it's not a multiple performance obligation.
Answer:
Option (A) is correct.
Explanation:
(i) Competitive market
(ii) Single price monopoly
(iii) perfect price discrimination
Consumer surplus are the highest in the perfectly competitive market conditions as compared to single price monopoly because prices are determined by the market forces and firms are the price taker.
Consumer surplus is zero when there is a perfect price discrimination because price is charged according to the willingness of the consumer.
