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Answer:
profit maximizing output is 4; $28
Explanation:
Noel’s firm charges the market price for window washing jobs = $30/job
Marginal cost for the 5th unit of output:
= Total cost from 5th unit - Total cost from 4th unit
= $129 - $92
= $37
At 5th level of output, the marginal cost is greater than the market price for window washing jobs.
Therefore, the profit maximizing output is 4.
Profit = (market price × output) - Total cost
= ($30 × 4) - 92
= $120 - $92
= $28
Answer:
Results are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>
<u>First, we need to calculate the unitary fixed manufacturing overhead:</u>
Unitary fixed overhead= 85,400/2,440= $35
<u>Absorption costing income statement:</u>
Sales= 2,280*145= 330,600
COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)
Gross profit= 61,560
Total selling and administrative= 22,800 + (2,280*10)= (45,600)
Net income= 15,960
Answer:
$54,650
Explanation:
Total Net operating income from the two divisions is the difference between the total sales and the total expenses. The total expense is made up of the fixed cost and variable cost. Whilst the variable cost is measured and unique to each departments, the fixed cost is not attributable to a single department.
The variable cost and sales are dependent on the level of activities. The sales less the variable cost gives the contribution margin.
As such, contribution less fixed cost gives the net operating income.
Common fixed cost
= ($77,100 + $43,100 - $10,900)/2
= $54,650
This cost would have been subtracted from each department to get the net operating income hence the division by 2.
A
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