If you are planning to place an ad in a local newspaper with a size of 5 inches long by 4 columns wide and the newspaper's rate per column inch is $18, the ad will cost $360.
Solution: <span>5 inches x 4 columns = 20
20 column inch x $18 = $360</span>
Answer:
d. the highest valued alternative forgone as the result of choosing an option
Explanation:
An opportunity cost is anything that you sacrificing one thing for the other due to lack of recources and Scarcity of time
For example leisure time and working hours
Answer:
D. All of the above.
Explanation:
Absorption costing is the method in which cost is charged on the basis of the actual expenses and facilities absorbed ion the production.
This basically charges usually more cost, in comparison to activity based costing.
In this manner since cost charged is more, the profit for the company is reduced. Accordingly the managers then prefer to produce as much as they can.
The main focus of management is for production.
Even in case this requires maintenance they put the resources into production rather than maintenance.
Thus, all of the statements are true.
The Two are related because the federal budget expresses the government's current fiscal policy.
Answer:
$13,320
Explanation:
The computation of the warranty expenditure is shown below:
= Sales revenues × estimated warranty expenditure percentage
= $296,000 × 4.5%
= $13,320
By multiplying the sales revenues with the estimated warranty expenditure percentage we can get the warranty expense and the same is shown above
All other information which is given is not relevant. Hence, ignored it
