Answer:
profit + consumer surplus.
Explanation:
The profit obtained by the reseller is given by the difference between the amount received on sale ($75) and the purchase price ($40). The consumer surplus is determined as the difference between the willingness to pay ($90) and the actual amount paid ($75). Therefore, the difference between $90 and $40 is the profit plus the consumer surplus.
Answer:
ratios of trigonometric angles
hope it will help u
In terms of establishing an account receivable billing policy
and procedure includes the determining or knowing the number the days that has
been done between billings because this is essential to know if the policy is
upheld and proper procedures is being done.
Answer:
Cost of goods manufactured:
Beginning WIP 20,000
cost added 920,000
total cost 940,000
ending WIP (40,000)
COGM 900,000
Explanation:
First, we calcualte the direct materials used into production:
Beginning Raw Materials 20,000
Purchases 400,000
Ending Raw materials 30,000
used Indirect materials (15,000)
Used into production 375,000
Second, the cost added which si the sum of the three main cost components
Cost added during the period:
materials 375,000
direct labor 60,000
Applied Overhead <u> 485,000 </u>
Total added: 920,000
Then we can determinate the COGM
ecause the overapplication of overhead is done directly throught cost of goods<em><u> sold</u></em> we disregard this informaiton
Answer:
D) $2.30
Explanation:
since all materials are added at the beginning of the process, all units will be 100% complete relative to direct materials
equivalent units of production for direct materials = number of units in beginning work in process + units started during the month = 290 + 1,460 = 1,750
cost per equivalent unit for direct materials = total direct material cost / EUP for direct materials = $4,100 / 1,750 EUP = $2.34
. The closest option is $2.30.