All categories

3 years ago

Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations

Business

1 answer:

DochEvi [55]3 years ago

5 0

Answer:

c) $ 24,200

Explanation:

Computation of Total Period costs

Fixed selling and Administrative expenses $ 8,800

Variable Selling and Administrative costs

$ 7 per unit * 2,200 units sold $ 15,400

Total period costs $ 24,200

The fixed manufacturing overhead is part of manufacturing costs so not considered.

The variable selling and administrative costs are based on units sold and not units produced.

You might be interested in

can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers

neonofarm [45]

Answer:

Frictional unemployment cannot by itself explain the fact that the late 2010s saw more job openings than unemployed workers.

Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.

Explanation:

As a part of natural unemployment, frictional unemployment arises when workers search for new jobs or transition from one job to another. During economic recession, there is no increase in frictional unemployment. Typical examples of frictional unemployment are caused by graduating students who join the labor force and are unemployed until they find work and parents who rejoin the workforce after taking sometime to stay at home and raise their children.

4 0

2 years ago

Suppose the GDP of Australia is 100,000 AUD and the exchange rate between AUD and USD is 1.34 AUD=$1. What is the GDP of Austral

Hitman42 [59]

Answer:

The value of GDP in dollars = $74600

Explanation:

Given the GDP (gross domestic product) of Australia = 100000 AUD

Given the exchange rate, 1.34 AUD = $1.

Since we have given the total amount of GDP for Australia and exchange rate. Now we have to calculate the value of Australian GDP in the dollars. We can find this by dividing the total GDP with 1.34 AUD.

The value of GDP in dollars = 100000 / 1.34 = $74626.86 or $74600.

4 0

3 years ago

North Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different u

-Dominant- [34]

Answer:

First Airplane Payback Period = 3 years

Second Airplane Payback Period = 4 years

Since, First Airplane is going to repay the Original Cost of the Airplane in shorter amount of time as compared to Second Airplane. Therefore, if the the decision is based on the payback approach the North should accept First Airplane.

Explanation:

NORTH AIRLINE COMPANY

First Airplane:

Payback Period = Original Cost of the Asset / Annual Cash Inflow

Payback Period = $12,000,000 / $4,000,000

Payback Period = 3 years

Second Airplane:

Payback Period = Original Cost of the Asset / Annual Cash Inflow

Payback Period = $24,000,000 / $6,000,000

Payback Period = 4 years

3 0

3 years ago

Read 2 more answers

Transactions that affect earnings do not necessarily affect cash.Identify the effect, if any, that each of the following transac

xeze [42]

Answer:

Effects of Transactions on Cash and Net Income:

Cash Net Income

(a) Purchased $104 of supplies for cash. -$104 $0

(b) Recorded an adjusting entry to record use

of $40 of the above supplies. $0 -$40

(d) Received $995 from customers in payment

of their accounts. $995 $0

(e) Purchased capital asset for cash, $2,635. -$2,635 $0

(f) Recorded depreciation of building for period

used, $710. $0 -$710

Explanation:

a) Data and Analysis:

a. Supplies $104 Cash $104

b. Supplies Expense $40 Supplies $40

c. Accounts receivable $1,432 Sales revenue $1,432

d. Cash $995 Accounts receivable $995

e. Capital asset $2,635 Cash $2,635

f. Depreciation Expense $710 Accumulated Depreciation $710

b) Only transactions that affect Cash have cash effects. Transactions that affect net income are either revenue or expenses. All other transactions that do not affect cash or net income are analyzed according to their basic effect on the accounting equation of assets = liabilities + equity.

3 0

2 years ago

Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectl

dlinn [17]

Answer:

c. $10.

Explanation:

Suppose the government imposes a $10 per month tax on cell phone service. If the demand curve for cell phone service is perfectly inelastic and the supply curve is upward-sloping, the monthly price for cell phone service will increase by $10.

As given, the government imposes a $10 per month tax on cell phone service, which means the price of cell phone services will be costlier and increases, however, the demand curve for cell phone service is perfectly inelastic, which mean price of the product does not have any impact on the demand of the product. Then it is given the supply curve is upward sloping, which reflects the higher price of cell phone service is needed to cover the higher marginal cost of production. Therefore, the monthly price for cell phone service will increase by $10.

6 0

3 years ago