Answer:
Unitary cost= $12
Explanation:
Giving the following information:
direct materials $5
direct labor $4
variable overhead $3
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the product unitary cost.
Unitary cost= 5 + 4 + 3= $12
Answer:
Momentous Occasions
a. Revenue of $1,000 is recognized on April 2, though the cash receipt is recorded on March 3 as deferred revenue. This means that the recognition occurred on a separate date from when the cash was received.
b. Revenue of $4,100 will be recognized on the date the party is held and not on the February 28 date when the cash was received. This means that the recognition occurred on a separate date from when the cash was received.
Explanation:
Momentous Occasions is required to recognize revenue on the date the service is performed and not when the cash is received in accordance with the accrual concept, unless it chooses to use the cash basis as a small business.
Answer:
Share Authorized = 100,000 Shares
Share issued = 70,000
Share outstanding = 66,000 shares
Explanation:
Data provided in the question:
Number of shares Gagne Corporation allows the issuance = 100,000 shares
Number of shares Gagne sold to shareholders = 70,000
Number of shares reacquired by Gagne = 4,000
Now,
Share Authorized = Number of shares Gagne Corporation allows the issuance
= 100,000 Shares
Share issued = Number of shares Gagne sold to shareholders
= 70,000
Share outstanding = Shares issued - Number of shares reacquired
= 70,000 - 4,000
= 66,000 shares
Answer:
(B). 50 cents
Explanation:
<u>Marginal cost</u><u> is the cost incurred by producing or purchasing one more unit of an item.</u>
If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).
However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.
Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.
A Mortgage
A bank issues mortgage with interest typically over a long time for people to buy a house of constructing stuff.
