Answer:
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Explanation:
Answer:
$46.40 per unit
Explanation:
The computation of the product cost per unit under absorption costing is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead cost per unit + fixed overhead cost per unit
where,
Fixed overhead cost per unit would be
= Fixed overhead ÷ units produced
= $121,600 ÷ 16,000 units
= $7.60
All other items will remain unchanged
Now add these values in the formula above.
Hence, the value would be
= $9.60 + $19.60 + $9.60 + $7.60
= $46.40 per unit.
Answer: C. $250
Explanation: fixed cost are cost which do not change even when other factors Change. Example of fixed cost is ‘rent’ even if the employees increase up to a 100 this variable won't affect the cost of rent which is $250. Unlike salary that increases with an increase in workers.
Labour cost per day of hiring two workers = $80 x 2 = $160
Total cost per day when three
workers are hires. This includes both the fixed cost and labour cost
Total Cost = fixed cost + labor cost
= $250 + $80 x 3
= $490.
Answer:elasticity using mid point formular : Q2 - Q1/(Q2+Q1) /2 X 100
P2-P1/ (P2+P1) /2 x100
60- 85 ÷(60+85) ÷ 2 x100 = -20.69
15-10 ÷ (15+10)÷ 2 x 100 = 40
Elasticity = -20.69/ 40
= -0.52
Explanation:
Answer:
For First National Bank = 15.05%
For first United bank = 14.92%
Explanation:
The computation of EAR for First National Bank and First United Bank is shown below:-
Effective annual rate EAR = (( 1 + i ÷ n)^n) - 1
as
I indicates the annual interest rate
n indicates the number of the compounding period
For First National Bank
Annual interest rate i = 14.1%
Effective annual rate EAR is
= ((1 + 0.141 ÷ 12)^12) - 1
= 1.1505 - 1
= 0.1505
or
= 15.05%
For first United bank
Effective annual rate EAR is
= (( 1+ 0.144 ÷ 2)^2) - 1
= 1.1492 -1
= 0.1492
or
= 14.92%
