The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020
Calculation to determine the total variable costing income statement
Using this formula
Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales
Let plug in the formula
Variable costing income statement($140 + $19) x 780 quilts sold
Variable costing income statement=$159×780 quilts sold
Variable costing income statement=$124,020
Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.
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Answer:
A. Management's minimum required balance.
Explanation:
The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.
Answer: -0.5
Explanation:
Based on the information given, the price elasticity of demand will be calculated as follows:
= dQ/dP × P/Q
where,
dQ/dP = -1
P = 100
Q = 200 – P + 25 U – 50 P beer
Q = 200 - 100 + 25(8) - 50(2)
Q = 200 - 100 + 200 - 100
Q = 200
Therefore, dQ/dP × P/Q
= -1 × (100/200)
= -1 × 1/2
= -1 × 0.5
= -0.5
The price elasticity of demand is -0.5.
The correct answer for the question that is being presented above is this one: "Monopolistic competition." A market structure with a large number of sellers who make differentiated products is called monopolistic competition. Monopolistic Competition refers to a type of imperfect competition<span> such that many producers sell products that are differentiated from one another.</span>