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Alisiya [41]
3 years ago
14

A company produces a single product. Variable production costs are $12.90 per unit and variable selling and administrative expen

ses are $3.90 per unit. Fixed manufacturing overhead totals $45,000 and fixed selling and administration expenses total $49,000. Assuming a beginning inventory of zero, production of 4,900 units and sales of 4,050 units, the dollar value of the ending inventory under variable costing would be:
Business
1 answer:
Scrat [10]3 years ago
6 0

Answer:

$10,965

Explanation:

Computation for the dollar value of the ending inventory under variable costing

First step is to find the Units in ending inventory

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced−Units sold

Let plug in the formula

Units in ending inventory= 0 units + 4,900 units−4,050 units

Units in ending inventory = 850 units

Last step is to find the Value of ending inventory under variable costing

Using this formula

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

Let plug in the formula

Value of ending inventory under variable costing= 850 units × $12.90 per unit

Value of ending inventory under variable costing = $10,965

Therefore the dollar value of the ending inventory under variable costing would be $10,965

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In economics, what is meant by "optimal decisions are made at the margin?" The concept of the margin was initially developed in
Ivahew [28]

Answer:

The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior.

Explanation:

Economic theory suggests that economic agents (firms, consumers and government) think on the sidelines. This means that decisions are made taking into consideration the benefits and costs of each choice. For example, for a firm to increase a unit of production (marginal unit) it will calculate the cost of production of that unit (marginal cost) and the profit that additional unit will generate (marginal benefit).

7 0
3 years ago
Cafe x bought 20,000 cups for $1,400 when they opened for business last month. At the end of the month they had 8,000 cups left.
JulsSmile [24]

<u>Calculation of the cost of goods sold (cogs) for the month;</u>


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And the Cost of 12,000 cups sold shall be $1400*12000/20000 = $840


Hence the cost of goods sold (cogs) for the month is <u>$840.</u>




5 0
3 years ago
Which of the following situations describes a person who could be insolvent?a.Assets $56,000; annual expenses $60,000b.Assets $7
max2010maxim [7]

Answer:

d.Assets $40,000; liabilities $55,000

Explanation:

Insolvent: When the person is not able to pay its debts. The maximum money will be recovered from his estates as the person is not in the position to pay its dues.  

From the above options, option d is the most appropriate option as the liabilities consisted of a large amount whereas the asset values are of less amount.

3 0
2 years ago
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Does alleles segregate independently during the formation of gametes
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Yes, Mendel found that each pair of alleles segregates separately from the other pairs of alleles during gamete formation.
8 0
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A country rejects FDI proposals in certain industries. It does so because the tangible advantages of such investments are lesser
Ghella [55]

Complete question:

A country rejects FDI proposals in certain industries. It does so because the tangible advantages of such investments are lesser than potential costs like loss of employment and reduction of overall well-being. However, it aggressively pursues inviting foreign investments in sectors like infrastructure, education, and health care because of the benefits that accrue with them. Which political view of FDI is discussed in this example

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b. The free market view

c. The radical view

d. The pragmatic nationalist view

Answer:

The pragmatic nationalist view is discussed in this example

Explanation:

Pragmatic nationalist views are that FDI has advantages, including capital inflow, technology, skills and employment, as well as costs, such as return of income to the country of origin and a negative impact on balance of payments.

FDI has both advantages and drawbacks, the realistic nationalist view is. In that view, FDI should also be allowed as long as the advantages are greater than the costs.

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