<span>The demand for gold toe socks is likely to be more elastic than the demand for power tools because, generally speaking, power tools would be a bit more expensive than gold toe socks would be, and they also may have more substitutes than power tools would have.</span>
Answer:
1928
Explanation:
hope this help:)) 100% correct
Answer:
$4,320
Explanation:
Calculation for the amount to be recorded as depreciation expense at December 31, 2022
Using this formula
Depreciation expense at December 31, 2022=[(Factory equipment - Salvage value) ÷ 10]× 9/12
Let plug in the formula
Depreciation expense at December 31, 2022=[($69,600 - $12,000) ÷ 10] × 9/12
Depreciation expense at December 31, 2022=$5,760×9/12
Depreciation expense at December 31, 2022=$4,320
Note that 1 April 2022 to 31st December 2022 will give us 9months
Therefore Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:$4,320
Answer:
a. $6,763.40
Explanation:
The computation of the selling price is shown below:
But before that the predetermined overhead rate is
For machining
= ($102000 ÷ 17,000) + $1.70
= $7.7 per machine hour
For fabrication
= ($61200 ÷ 6000) + $4.10
= $14.30 per labour hour
Now the selling price is
Direct material ($720 + $380) $1,100
Direct labor ($900 + $1,500) $2,400
Machining department overhead (7.7 × 80) $616
Fabrication department overhead (50 × 14.3) $715
Total manufacturing cost $4,831
Markup 40% $1,932.40
Selling price $6,763.40
How can you estimate the total sales volume you can expect in your location? You can forecast your sales by figuring out your market. Depending on your market you can estimate how mant people are likely to purchase your product and how often. By using market trends and product testing it allows for a forecast of total sales over time and can let a business know how much to produce so that they are meeting demand.
