Answer:
Under variable costing, fixed manufacturing overhead is expensed as period expenses.
Explanation:
Option <em>A</em> is wrong because under absorption costing, fixed manufacturing overhead is expensed as product expenses.
Option <em>B</em> is incorrect because Under variable costing, direct materials and direct labor are expensed as product expenses.
Option <em>C</em> is false because Fixed manufacturing overhead costs are treated as product cost under absorption costing and period cost under variable costing.
Therefore, option E is correct as fixed manufacturing overhead is expensed as period expenses under variable costing.
Answer: d. the firm's least expensive average total cost for any level of output
Explanation:
In the long-run, the company is expected to be able to solve whatever problems that is limiting its efficiency such that it is only able to produce at the cheapest costs possible.
The long-run average cost curve will therefore try to illustrate this by showing the least expensive average total cost for any level of output. Every point on the LRAC will be the lowest total cost associated with the level of output that it is graphed against.
Answer:
B
Explanation:
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied
in this question, there was only a change in price but no change in the quantity supplied.
so a change in supply and not a change in the quantity supply occured
determine supply per price
400 / 6 = 67
400 / 4 = 100
supply increased
Trade will benefit countries when it generates gold and silver for the national treasury.
This is an example of stratified random sample because you group them by major before taking a random sample from each group.
