The average variable cost is 2400 because if you multiple 200 times 12 you will get 2400
Answer:
B
Explanation:
Hector is best suited to work as as a sales or advertising agent due to his high selling skills. Sales agents are usually paid in commissions. He would also be able to earn the type of money he wants by choosing the number of hours he chooses to work
Answer:
The answer is: C) differentiates the budgeted costs for each sales level.
Explanation:
A flexible budget is a budget that is adjusted according to different sales levels. It is adjusted to include different costs that vary according to different level of activities. The budget will flex (or adjust) because it includes a variable rate per unit of activity, and not just one fixed total amount.
For example, when you calculate the total costs of producing a chair, you can elaborate a flexible budget considering variable costs in materials, direct labor and machine hours for every chair produced.
Answer:
d. every decision has an opportunity cost.
Explanation:
Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.
Accounting cost only includes explicit cost.
Economic cost includes both implicit and explicit Cost.
economic decisions dont include sunk costs.
I hope my answer helps you
Answer:
The equivalent units for conversion costs under the FIFO method is 59,130 liters.
Explanation:
<u>Calculation of Equivalent units of Production for Conversion Costs</u>
Method : FIFO
To Compete Opening Work in Process (5,700 × 80%) = 4,560
Started and Completed (58,100 - 5,700) × 100% = 52,400
Closing Work in Process (3,100 × 70%) = 2,170
Equivalent units of Production for Conversion Costs = 59,130
