Answer:
D. direct (or positive) and is called the law of supply.
Explanation:
According to the law of supply, when the price of product is increases, then the quantity supplied of that product would also increases and if the price of product is decreases, then the quantity supplied of that product would also decreases. That means it shows a direct or positive relationship between the price and the quantity supplied keeping other factor constant i.e they do not changed.
Explanation:
Data given in the question
Beginning account receivable = $575,000
Account payable balance = $345,000
Since the account receivable is arise from credit sales where the account payable is arisen from credit purchase
Plus, the income is also increased by considering the account receivable balance while on the other hand, the income can be decreased if account payable is considered
So the net effect is
= $575,000 - $345,000
= $230,000
Since the net income comes in positive so the net income is increased
Based on the details given, the following are true:
- 1. Incremental manufacturing cost = $14.60
- 2. Incremental cost = $17.50
<h3>Incremental manufacturing cost if production increased from 20,250 to 20,251</h3>
The fixed cost will not change as the production amount is still below 24,500 units. Incremental manufacturing cost will therefore be:
= Direct material + Direct labor + Variable overhead
= 7.70 + 4.70 + 2.20
= $14.60
<h3>Incremental cost for increased from 20,250 to 20,251</h3>
This will include all costs that are not fixed.
= Incremental manufacturing cost + Sales commissions + Variable admin expense
= 14.60 + 1.70 + 1.20
= $17.50
Find out more on incremental manufacturing cost at brainly.com/question/8527680.
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