Answer: d. it is necessary to relate variable cost data to the activity index chosen
Explanation:
The activity index shows how various activities have an impact on the cost of production.
When developing a flexible budget within a relevant range of activity, ome must relate variable cost data to the activity index chosen to ensure that it is indeed variable.
Answer:
<em>Year 2023 2022 2021</em>
<em>Net income/sales ratio 13.8% 8.5% 8.3%</em>
Explanation: The net income to sales ratio is computed as net income divided by sales multiplied by 100
<em>Year 2023 2022 2021</em>
% % %
Sales revenue 100 100 100
Less cost of goods sold (<u>60.6) (62.9) (63.7)</u>
Gross profit <em> 39.4 37.1 36.3</em>
Less Operating expenses <u>(25.6) (28.6 (28)</u>
Net Income <u> 13.8 8.5 8.3</u>
Net income to sales = (Net income / sales) × 100
= 13.8/100 8.5/100 8.3/100
<em>Net income/sales 13.8% 8.5% 8.3%</em>
When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.
Option B is the correct answer.
<h3>What is the workforce?</h3>
The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.
When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.
Therefore, the production function aggregately rises due to the increase in the education and training of the workers.
Learn more about the production function in the related link:
brainly.com/question/13755609
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Answer:
Marginal Cost = $19
Marginal Profit = $6
Explanation:
Break even quantity =
80 =
Contribution = = 6 per unit
Contribution = Sales - Variable cost = $25 - VC = $6
$25 - $6 = VC = $19
Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.
Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6
Marginal cost = $19
Marginal Profit = $6
Answer:
Calculation of Gain or Loss:
Book Value of Truck = 25,200 - 22,680
= $2,520
Gain on Exchange = 4,158 - 2,520 - 630
= $1,008
Therefore, the journal entry is as follows:
Accumulated Depreciation A/c Dr. $22,680
computer A/c Dr. $3,150
To Truck $25,200
To Cash $630
(To record the Truck)