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Slav-nsk [51]
3 years ago
14

You run a small business producing candles. This month your total cost is $10,000, your variable cost is $5,000, and your output

is 5,000 candles. Given this information, your: Group of answer choices Average total cost is $3. Average fixed cost is $1. Average total cost is $1. Average variable cost is $2.
Business
2 answers:
ArbitrLikvidat [17]3 years ago
5 0

Answer:

Average fixed cost is $1

Explanation:

Given that

Total cost = 10000

Variable cost = 5000

Output = 5000

Recall that

Total cost = fixed cost + variable cost

Fixed cost = total - variable

Fixed cost = 10,000 - 5000

FC = 5000

Also,

Average Fixed cost = fixed cost / output

Thus = 5000/5000

= $1

Therefore, Average Fixed cost is $1.

Also note that

Average variable cost, AVC = $1

Average Total cost, ATC = $2

Gala2k [10]3 years ago
5 0

Answer:

Average cost =$2 per candle

Explanation:

<em>Average cost is the cost of producing a typical unit of a product. It is determined as follows:</em>

Average cost = Total cost/ Number of units

<em>Total cost is the sum of variable and fixed cost and it is given in the question as $10,000  </em>                  

<em>So, average cost = $10,000/5,000 candles</em>

                              =$2 per candle

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A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t
nalin [4]

Answer:

a. Cash for $180

Explanation:

The receipts from the petty cash fund indicate that the owner of the box made purchases adding up to $177. Therefore that money is no longer part of the fund. Since the fund holds $200 and currently only has $20 then to replenish the account the journal entry would need to include a credit to cash for $180 ... ($200-$20=$180)

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pound
horsena [70]

Answer:

d. $40 F

Explanation:

Calculation to determine what The variable overhead efficiency variance for June is

First step is to calculate the SH

SH = 2,500 units × 0.4 hour per unit

SH= 1,000 hours

Now let calculate the Variable overhead efficiency variance

Using this formula

Variable overhead efficiency variance = (AH - SH) × SR

Let plug in the formula

Variable overhead efficiency variance= (980 hours - 1,000 hours) × $2 per hour= (-20 hours) × $2 per hour

Variable overhead efficiency variance= $40 F

Therefore Variable overhead efficiency variance is $40 F

8 0
3 years ago
components that should be included when compiling a report to the Minister of labour about employee profile in south Africa.
Snowcat [4.5K]
Components that should be included could be total number of employees, number of staff and numbers of hourly workers, length of employment for each worker, hourly rates for the hourly workers and pay raises according to the collective bargaining, and staff salaries, and productivity of say the hourly employees like in a mine, tonnes produced per manhour for the miners at the face or in the open pit for example.
7 0
3 years ago
Which of the following is an advantage of internal recruitment? a. It leads to the generation of new ideas through tunnel vision
Georgia [21]

"It improves organization fit because current employees understand the company's culture" is an advantage of internal recruitment.

<u>Option: C</u>

<u>Explanation:</u>

Recruitment are of basically two types on the basis of staff location like internal and external. Each firm is more comfortable to recruit departmental candidate because the current staff is well aware about the firm atmosphere.

This helps to save time of training to them, better fluency in work, trust factors, etc. Although external recruitment is also need to invite fresh talent with more energy and enthusiasm towards work profile, thus to train them and bring on specific track, training and meetings are needed to held.

4 0
3 years ago
On January 1, Miami Gold Exchange paid cash of $64,800 for computers that are expected to remain useful for six years. At the en
Dmitry_Shevchenko [17]

Answer: See explanation

Explanation:

The amount of depreciation for the month of January using the straight line depreciation method will be:

= (Cost - Salvage Value) / Life of Assets / 12 Months

= ($64,800 - $0) / 6 Years / 12 Months

= $10800/12

= $900 per month

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Dr Depreciation Expense - Computer Equipment $900

Cr Accumulated Depreciation-Computer Equipment $900

(To record the depreciation expense)

4 0
2 years ago
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