Answer:
$149,000
Explanation:
Computation for the relevant costs of producing 2,400 units of product PQ107 internally
Using this formula
Relevant Costs = Incremental Costs = Incremental Variable Costs + Incremental
Let plug in the formula
Relevant Costs = [(2,400 units × $31/unit) + (2,400 units × $19/unit) + (2,400 units × $8/unit)] + $9,800
Relevant Costs=$74,400+$45,600+$19,200+$9,800
Relevant Cost =$149,000
Therefore the relevant costs of producing 2,400 units of product PQ107 internally are $149,000
Answer:
Mobile user.
Explanation:
A mobile user can be defined as a person that has access to relevant software through mobile device such as laptops, tablets, or mobile phones. They also communicate using mobile devices like smart phones or laptop over the internet.
Edwin is using the mobile user method in doing his job. He uses his laptop and phone to communicate bwith clients and his office. The laptop is used to handle work through business related software he has installed.
Answer: Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Explanation:
Loss contingency is typically a charge to expense for a future occurence in this case, a lawsuit. A loss contingency simply makes the economic entity to be aware at an early stage of the loss and its likely financial implication.
The entries that Buchanan should record to recognize this loss contingency will be to:
Debit: Litigation expense $300,000
Credit: Litigation liability $300,000
Answer:
R = 4 customers per minute
I = 12 customers in line
average time (T) = 3 minutes per customer
Explanation:
if we follow Little's Law and its assumptions: L = λW
- L = average number of clients in line = 12
- λ = arrival or departure rate = 4 per minute
- W = average waiting time
W = L / λ
average waiting time = average number of clients in line / average number of clients arriving (or departing) = 12 / 4 = 3 minutes
Little's Law can also be written as I = RT
I = L
R = λ