Answer:
$550,000
Explanation:
Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.
Therefore the OPPORTUNITY COST will be $550,000
When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.
Hope that helps!
I would say C. Hope this helps!
Answer:
200
Explanation:
The labor force in an economy is composed of all adults able-bodied individuals who are employed or actively seeking employment. Employed people are those engaged in economic or income-generating activities. Unemployed are jobless individuals who are actively seeking work.
In Freelandia, labor force participation will be composed of the employed and the unemployed people. As per the definition of the labor force, children will not be included as they are not adults. Students and retired people are not seeking employment; hence should not be in the labor force. Therefore, the labor force will be 190 plus 10, which is 200.
Answer:
the total period cost for the month under variable costing is $52,610
Explanation:
Under Variable Costing Period Cost consist of, All Non-Manufacturing Costs and Fixed Manufacturing overheads.Fixed Manufacturing overheads are included in product costs only in full costing.
<u>Calculation of Total Period Costs :</u>
Variable selling and administrative expense ($ 14×1,010) $14,140
Fixed selling and administrative expense $22,220
Fixed manufacturing overhead $16,250
Total $52,610
