beneath the variable costing technique, all promoting and administrative (constant and variable) fees and glued production overhead is taken into consideration as part of the total period fee. hence, the whole length cost for the month beneath variable costing is $344,000.
underneath variable costing, fixed production overhead is handled as a period price and is charged in complete towards the modern length's profits. 7-2 promoting and administrative charges are dealt with as duration costs underneath both variable costing and absorption costing.
General period expenses encompass any prices that aren't at once related to product production. prison expenses, income commissions, and office components are considered length expenses and have to be recorded as expenses on the balance sheet.
length prices are fees that can't be capitalized on a company's balance sheet. In different phrases, they're expensed in the period incurred and appear at the profits statement. duration fees are also known as length fees.
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If you are getting paid bi weekly it means you get paid every other week, so it depends on how long you have the job.
Answer:
The correct answer is that the company should <u>charge more to the business travelers</u> and <u>charges less to the vacationers</u>.
Explanation:
To begin with, the concept called ''elasticity'', in the field of economics, refers to the variation that occurs when a change in one variable affects a change in another variable. Moreover, this concept has many applications regarding if the main subject is the supply of a product or the demand of a product.
Secondly, the <em>price elasticity of demand</em> is an elasticity application in economics that establishes the changes that occur to the demand of a product when the price changes. This elasticity could be inelastic or elastic. In addition, if the price elasticity of demand is inelastic then when the price changes the quantity demanded of that product will not change drastically while in the other hand, if the price elasticity of demand is elastic then when the price changes the quantity demanded of that product will change drastically so therefore the consumers reject the change in the price.
Finally, if the company wants to increase its total revenue then it must increase the price that charges to the business travelers and decrease the price that charges to the vacationers.
Answer:
<em>Max APR=6.34%</em>
Explanation:
<u>Present Value of Payments</u>
If someone borrows an amount PV and will make regular payments of R dollars, then the relation between them is
Where
We know the maximum value for R is $650, thus we can know the minimum value for Fa with:
It means that we need to find the value of i such that (for n=48):
This equation cannot be solved in terms of natural or algebraic functions. We need to find the best possible value of i by any numerical approximate method. Let's start off by setting i=0.01
It's too far away from the required value. Now we adjust to i=0.005
This is a much better value. A final iteration for i=0.00528 gives
This value is close enough to the required answer. Converting it tho APR: