Answer:
b) The cost of the building will include the cost of replacing the roof.
Explanation:
As for the information provided,
We know that the capital expenditure is capitalized and that the revenue expenditure is provided in income statement.
The capital expenditure is added in the cost of fixed assets and then depreciated as part of it.
The entire replacement of roof will be a huge part of consideration of building, and is capital in nature. Thus, it shall be part of cost of building.
Remaining all expenses are not capital in nature.
Answer:
$16,440.
Explanation:
Please find attached the data used in answering this question
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
the ending inventory would consist of earlier purchased goods
total sales is 20800
total purchases = 26,000
ending inventory = 26,000 - 20800 = 5200
this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.
In economics, short run is time frame in which the quantities of quantities of some factors of production are fixed; and long run is period of time in which quantities of all the factors of production that can be varied.
<h3>
What is production?</h3>
Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.
To learn more about production, visit:
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Answer:
4) The FDIC Deposit Regulations Act
Explanation:
Federal Deposit Insurance Corporation (FDIC) was created by the Banking Act of 1933, and its main function if to provide deposit insurance to depositors in US depository institutions (banks, credit unions, etc.).
In an event of a bank failure, the FDIC protects the depositor's money as long as the bank is insured by the FDIC. The FDIC covers accounts of up to $250,000.
Answer:
Under Variable costing 490
Under absorption costing 860
Explanation:
<u>If Grover use variable costing:</u>
DM 250
DL 130
FO 70
S&A 40
Variable cost 490
<u>If Grover use absorption cost:</u>
The fixed cost will be include for the unit cost as well.
S&A 625,000
Overhead 300,000
Total fixed 925,000
The fixed Cost will be distribute among the 2,500 units produced
925,000/2,500 = 370
Lastly, variable and fixed are added for total unit cost
Fixed + Variable = 370 + 490 = 860
