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MatroZZZ [7]
3 years ago
10

Manufacturing Product X involves both variable costs and fixed costs; the total cost of manufacturing 50 units is $200. The tota

l cost of manufacturing 80 units is $290. What is the variable cost per unit of manufacturing product X
Business
1 answer:
prisoha [69]3 years ago
4 0

Answer: The variable cost per unit of manufacturing product X is <u>$3.</u>

Explanation: If manufacturing 50 units costs $ 200.

And manufacturing 80 units costs $ 290.

The variable cost of manufacturing (80 - 50 = 30) <u>30</u>  more units is ($ 290 - $ 200 = $ 90) <u>$ 90. </u>

If we divide the variable cost over the units (90/30 = $ 3) We know that the variable cost of producing a unit of product X is <u>$ 3.</u>

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Assume each gallon of gasoline that is produced gives rise to an external cost of $1.25. On any given day, the production of the
Korolek [52]

Answer:

the private cost of the 10,000th gallon is $2.25

Explanation:

The computation of the private cost is shown below:

Private marginal cost is

= Social marginal cost - External cost

= $3.5 - $1.25

= $2.25

hence, the private cost of the 10,000th gallon is $2.25

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
On January 1, 2020, the ledger of Sunland Company contains the following liability accounts.
Kay [80]

Answer:

Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes.

Dr Cash 20,520

    Cr Sales revenue 19,000

    Cr Sales taxes payable 1,520

12 Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.)

Dr Unearned revenue 10,500

    Cr Service revenue 10,500

14 Paid state revenue department for sales taxes collected in December 2019 ($7,200).

Dr Sales taxes payable 7,200

    Cr Cash 7,200

20 Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty.

Dr Cash 48,600

    Cr Sales revenue 45,000

    Cr Sales taxes payable 3,600

*An additional entry for recording warranty liability must be made but we are not given any estimated warranty costs.

21 Borrowed $27,000 from Girard Bank on a 3-month, 8%, $27,000 note.

Dr Cash 27,000

    Cr Notes payable 27,000

25 Sold merchandise for cash totaling $7,884, which includes 8% sales taxes.

Dr Cash 7,884

    Cr Sales revenue 7,300

    Cr Sales taxes payable 584

8 0
3 years ago
Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
Andru [333]

Answer:

perfect competitor

Explanation:

Given:

Firm's total revenue when 10 units are sold = $100

Firm's total revenue when 11 units are sold = $110

Average Revenue = \frac{\textup{Total revenue}}{\textup{Total units sold}}

or

Average Revenue = \frac{100}{10} = $10

and,

the marginal revenue = $110 - $100 = $10

Since,

the average revenue and the marginal revenue for the firm is equal,

therefore, the is a perfect competitor

3 0
3 years ago
Multiple copies of the purchase order are prepared for recordkeeping and distribution with a copy of the purchase order sent to
drek231 [11]

Answer:

B. Accounts Payable, Receiving and Inventory Control Department

Explanation:

First, the Multiple Choices

A. Accounts Payable, Receiving, and Stores Control Departments.

B. Accounts Payable, Receiving, and Inventory Control Departments.

C. Accounts Payable, Accounts Receivable, and Receiving Departments.

D. Accounts Payable, Receiving, and Production Planning Departments.

Accounts Payable

The organisation is making a purchase, hence, there will be financial implications and payments that need to be made for the purchase. Therefore Accounts payable is involved

Receiving

The department for receiving the order from the vendor is also crucial, the responsibility of this department is to ensure that all that was ordered and paid for on the purchase order sent to the vendor were delivered. The receiving department will also ensure that there are no defects in the supplied materials.

Inventory Control

Inventory Control is crucial as the department is responsible for ensuring that the optimal level of inventory is supplied and kept per time. The inventory control department should get a copy of the purchase order, compare with available inventory and see the incoming order is adequate for the optimal inventory size for the organisation.

Departments not Involved

Stores Control Department in option A is not involved because stores control takes care of the store in general while inventory control ensures that optimal stock level is maintained.

Accounts Receivable in option C is not involved because money is not coming in

Production Planning in option D is not involved because the company is not planning to produce, it is purchasing.

5 0
3 years ago
Sally’s employer pays for 38% of her annual health insurance premium of $4,350.00. Sally pays the remaining balance by having it
Viefleur [7K]

Answer:$103.73

Explanation: Sally has her annual health insurance premium to be $4,350 per annum.

Her company pays 38% of $4,350= $1,653

Sally pays =$4,350-$1,653 = $2,697

Sally pays in 26 instalments = $2,697/26= $103.73

A sum of $103.73 will be deducted from sally's paycheck monthly.

4 0
3 years ago
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