Answer: $13,700
Explanation:
Given the following :
Month of September:
Direct materials = $2300
Direct labor used = $3800
Overhead = 200% of direct labor cost incurred
Therefore September overhead :
200% × $3800
2 × $3800 = $7,600
Work in process account at the end of September :
Direct labor cost + direct material cost + overhead
$3800 + $2300 + $7600 = $13,700
Answer:
0.6
Explanation:
Initial Units sold, Q1 = 40 pairs
Initial Price, P1 = $40
Final price, P2 = $20
Final units sold = 60 pairs
Now,
Using the midpoint formula,
the absolute value of the price elasticity of demand
price elasticity of demand = 
or
price elasticity of demand = 
or
price elasticity of demand = 
or
price elasticity of demand = 
price elasticity of demand = 0.6
Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
Answer:
Check the explanation
Explanation:
May June
Budgeted sales 10800 14400
(600*18) (800*18)
Less: cost of good sold 5970 7960
(9.95*600) (9.95*800)
Gross margin 4830 6440
Less: Operating expenses
Selling expenses (6%*Sales) 648 864
Fixed administrative expenses 1200 1200
Total operating expenses 1848 2064
Budgeted Net Operating Income 2982 4376
Unit product cost
Material $4
Direct labor (9*.3) 2.7
Variable manuafcturing overhead 1.25
Fixed overhead 2
Unit product cost $9.95
