Answer:
Fixed Cost Function = Average Cost - Average Variable cost
Explanation:
A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.
B is the most reasonable answer
Wells Technical Institute's method of recording unearned revenues and prepaid expenses into its balance sheet accounts is known as an accrual method of accounting.
<h3>What is accrual method?</h3>
A method of accounting in which the payments and the receipts for a business are recorded in the books of accounts at the time they are due, but not yet received, is known as the accrual method of accounting.
Hence, the significance of accrual method is given above.
Learn more about accrual method here:
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Answer:
Transfer price would be $ 20 less profit part = $ 13
Explanation:
Is necessary to deduct the 35% of the price.
As there is no outside market for the component, and part is normally sold at price of $20, which includes profit.
Hence transfer price would be $ 20 less profit part = 13
