Answer:
The correct answer is: marginal cost; average variable cost.
Explanation:
The supply curve of a perfectly competitive firm is equal to its marginal cost curve above the minimum point of its average variable cost. This happens because the firm supplies at the point where its price is equal to marginal cost and covering the average variable cost.
In case the product price does not cover the average variable cost, the firm will stop production.
So last week, my cousin turned 17 on Thursday, June 25th. I know ironic the same day Michael Jackson died. So I go to her house for a little get together with some of her friends. Now I am pretty antisocial and spent the party alone most of the time eating food. Anyways, I also started my Harvard summer classes last week for biology, it’s a lot of work but worth it in the end.
Answer:
50,490 units
Explanation:
The computation of the number of units the company should produced is shown below:
= Expected sales units + ending inventory units - opening inventory units
where,
Opening inventory units is 1,350 units
Expected sales units is
= $27,000 + $27,000 × 60%
= $27,000 + $16,200
= 43,200 units
The ending inventory units is
= $43,200 × 20%
= 8,640 units
So, the units to be produced is
= 43,200 units + 8,640 units - 1,350 units
= 50,490 units
Answer:
False
Explanation:
In the given question it is mentioned that the employees earned vacation pay of $35,000 during the first year of the operation.
Hence,
the expenses should be recorded as the vacation pay expenses in the same year not in the following year i.e the second year whether the employees take the vacation in the same year or the next year.
