Answer:
D. actual costs were $1,500 less than for the planned level of activity.
Explanation:
D. actual costs were $1,500 less than for the planned level of activity.
the budget depicted more $1500 expenses for certain units production.
Answer:
It enables a country to obtain goods which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs. (iii) Specially Foreign trade leads to specialisation and encourages production of different goods in different countries.
Explanation:
inorder to minimize the disadvantage , there should be privacy maintainence in the intellectual property, there should be balanced in domestic and international trade. the over use of natural resources should be controlled. there should be proper checking of the good and services before trading them inside country or in foreign country, etc
The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.
<h3>What is the Traditional Costing System?</h3>
The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.
In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.
Learn more about the Traditional Costing System here:
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Answer:
Explanation:
Let we assume the number of CD produced be X
So, the total cost would be
C = Fixed cost + variable cost × number of CD produced
= $30,000 + $17X
For total revenue, it would b
R = $63X
For total profit, it would be
P = Selling cost per CD × number of CD produced - variable cost per CD × number of CD produced - fixed cost
= $63X - $17X - $30,000
= $46X - $30,000
For number of CD, it would be
0 = $46X - $30,000
X = $30,000 ÷ $46
= 652 CD for break-even
Future Value is $7,327.20
<h3>What is compound interest ?</h3>
Compound interest is the interest on deposits that is computed using both the original principal and the interest accrued over time.
It is thought that the concept of "interest on interest" or compound interest first appeared in Italy in the 17th century. Compared to simple interest, which is just charged on the principal amount, it will cause a sum to grow more quickly.
Money grows more quickly when it is compounded, and compound interest increases as the number of compounding periods increases.
CI formula : A = P(1 + r/n)^nt
where,
P = principal balance,
r = interest rate,
n = number of times interest is compounded per time period and
t = number of time periods.
To solve this question :
A = P(1 + r/n)^nt
= 6,000 (1 + 0.02/12) 120
= USD 7,327.20
To know more about compount interest, visit :
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