Answer:
George buys 5 bags of cookies each month
Explanation:
Given
(per gallon)
(per bag)
Required
Determine the number of bags of cookies he buys
First, we need to determine the marginal utility of cookies
To solve this, we make use of the following formula:
Substitute values for
<em>MU of Milk = 4</em>
<em>Cost of Milk = 2</em>
<em>Cost of Cookies = 4</em>
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This gives:
From the given table:
The corresponding bags of cookies for marginal utility of 4 is 5
Hence:
George buys 5 bags
The answer to your question is False :)
Answer:
d. Actual revenue is higher than budgeted revenue.
Explanation:
When the Actual income/revenue/benefit is higher than the budgeted/estimated income/revenue/benefit, the variance will be favorable.
When the Actual income/revenue/benefit is lower than the budgeted/estimated income/revenue/benefit, the variance will be unfavorable.
When the Actual expense/cost/loss is higher than the budgeted/estimated expense/cost/loss, the variance will be unfavorable.
When the Actual expense/cost/loss is lower than the budgeted/estimated expense/cost/loss, the variance will be favorable.
a.
As the actual cost incurred is higher than the cost estimated, then the variance in both costs is unfavorable.
b.
As the actual Income earned is lower than the income estimated, then the variance in both incomes is unfavorable.
c.
As the actual expense incurred is higher than the expense estimated, then the variance in both expenses is unfavorable.
d.
As the actual revenue incurred is higher than the revenue estimated, then the variance in both revenues is favorable.
e.
As the actual revenue earned is lower than the revenue estimated, then the variance in both revenues is unfavorable.
Answer:
$119,200
Explanation:
The Absorption Costing method is recommended by GAAP or IFRS for financial reporting instead of Variable Costing method.
Thus to calculate product costs under absorption costing, we add the total of all manufacturing costs (Variable and Fixed),
Non - Manufacturing costs are treated as Period Costs which are expensed in the Income Statement.
Direct materials ($ 5.30 x 8,000 units) $42,400
Direct labor ($ 3.75 x 8,000 units) $30,000
Variable manufacturing overhead ($ 1.35 x 8,000 units) $10,800
Fixed manufacturing overhead $ 36,000
Total Product Cost $119,200
therefore,
The total amount of product costs incurred to make 8,000 units is $119,200.
Answer:
B. reference library
C. Paraphrase and cite the most important parts of reference books
Explanation:
