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shtirl [24]
4 years ago
10

HELP 10 POINTS!!!!!!!!!!!! ONE QUESTION!!!!!!!

Business
1 answer:
8090 [49]4 years ago
3 0

Answer:

Gross profit is a required income statement entry that reflects total revenue minus cost of goods sold (COGS). Gross profit is a company's profit before operating expenses, interest payments and taxes. Gross profit is also known as gross margin

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Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable o
miss Akunina [59]

Answer:

Total Variable overhead  variance  $30,000 Unfavorable

Explanation:

Standard variable overhead per unit

= $2  per hour × 10 hours per unit

= $20 per unit

                                                                                                      $

18,000 units should have cost (18,000× $20 per unit) = 360000

but did cost                                                                         <u>390,000</u>        

Total Variable overhead  variance                                    <u>30,000 </u>Unfavorable

5 0
3 years ago
Think of an example of a time during the last month when you should have used critical thinking skills but did not . What was th
Anna35 [415]
This app requested me to answer this question to get points but sorry idk the answer cs im in 6th
6 0
3 years ago
Consider a large number of countries around the world. There is a positive correlation between the number of cell phones per per
Elena-2011 [213]

Answer:

Option B is correct one.

Explanation:

No, the positive correlation just shows that richer countries have both more nintendos and higher life expectancies it makes no sense to calculate correlation between these two variables.

5 0
3 years ago
Ted and Fred are the owners of a gas station. They invested $150,000 each and pay an employee named Lawrence $35,000 per year. T
Scrat [10]

Answer:

C. Ted & Fred

Explanation:

Ted and Fred are in a partnership form of business ownership. According to the law of partnership, partners should share profits and losses equality unless specified otherwise in a partnership deed. In this scenario, Ted and Fred will share the loss equally or in the manner stated in their partnership agreement.

Lawrence is an employee. He does not share in the profits and losses of the business. Lawrence provides labor services to the partnership for which he earns a constant salary.

8 0
3 years ago
A monopoly produces X at a marginal cost of $10 per unit and charges a price of $20 per unit. Determine the elasticity of demand
irina [24]

Answer:

-2

Explanation:

To solve this question we can use Lerner's equation or Lerner's index which gives the relationship between elasticity of demand and profit maximizing cost and marginal cost:

Lerner's\, Index=\frac{P-Mg\,Cost}{P}=\frac{1}{|\eta_d|}

Replacing \frac{20-10}{20}=\frac{10}{20}=\frac{1}{2}

Then we get that the elasticity of demand is \eta_d=-2

6 0
4 years ago
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