<u>Teardrop Rucksack</u> has the highest production cost.
Production fees refer to all of the direct and oblique fees businesses face from production a product or offering a carrier. Manufacturing expenses can consist of a selection of costs, including exertions, raw substances, consumable manufacturing materials, and general overhead.
It includes 3 most important costs: uncooked substances, direct labor, and overhead. Those charges can be fixed (maximum overhead) or variable (uncooked substances and hard work). The whole product value formula is general Product price = fee of raw substances + price of Direct exertions + price of Overhead.
Blanketed inside the production fee are (1) the fee of uncooked materials, (2) the fee of direct labor, and (3) the cost of overhead. Raw substances and hard work costs are frequently variable, even as the overhead expenses are in the main fixed.
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If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.
Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.
To calculate the unit selling price use the formula
Unit selling price = contribution margin / contribution margin ratio
Unit selling price = $80 / 50%
Unit selling price = $160
Therefore option d) $160 is the correct answer
The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.
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Neoclassical economics places a larger focus on providing extra options and <u>improving living standards, </u><u>which are ultimately decided by long-term progress.</u>
As a result, it focuses on long-term growth rather than fighting recessions.
In actuality, neoclassical economics holds that a product's price is mostly influenced by its manufacturing costs. According to neoclassical economics, the primary factor for client decision-making therefore becomes price.
As a result, letting the neoclassical economists concentrate on prices is not the best way to combat the recession. Long-term economic performance is always emphasized by neoclassical economists.
Note that the neoclassical approach to macroeconomics emphasizes the idea that, over time, the economy tends to recover to its potential GDP and natural unemployment rate.
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Answer:
Fifo Inventory $665
Moving Average= $ 606
Lifo Inventory $ 592
Explanation:
Purchases
Date Units Unit Cost Sales Units Fifo Inventory
July 1 13 $115
<u>July 6 9 </u>
<u> 4 $115 $460</u>
July 11 6 $122
<u>July 14 6 </u>
<u> 4 $122 $488</u>
July 21 7 $132
<u>July 27 6 </u>
<u> 5 $ 133 </u><u> $665</u>
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Moving Average Method
= Total Cost of Purchases/ No of items= 13*115 + 6*122+ 7*132/13+6+7
= 1495+ 732+ 924/26= 3151/26= 121. 192
No of units in the Ending Inventory= 5 * 121.192= $ 605.96
Purchases
Date Units Unit Cost Sales Units Lifo Inventory
July 1 13 $115
<u>July 6 9 </u>
<u> 4 $115 $460</u>
July 11 6 $122
<u>July 14 6 </u>
<u> 4 $115 $460</u>
July 21 7 $132
<u>July 27 6 </u>
1 132 $132
<u> 4 $ 115 $460</u>
<u> 5 </u><u> $ 592</u>
Answer:
Explanation:
Failure of credit customers to pay their bills is considered a bad debt in Accounting. This is recored as a bad debt expense in journal entries in the <em>period when the credit sale occurred</em>. This ensures that these bad debt expense matches the revenues earned during that period. In a company's financial statements, bad debt expense is recorded in the Income statement as <em>selling expenses.</em>
