Answer:
$0
Explanation:
The computation of the value of firm profit is shown below:
As we know that
Profit = Total revenue - Total cost
where,
Total revenue is
= 10 widgets × $15
= $150
And,
Total cost = Variable cost + Fixed cost
= 10 widgets × $13 + $20
= $130 + $20
= $150
So, the profit is
= $150 - $150
= $0
Hence the firm is in break-even point where there is no profit or no loss
The statement that best describes the pathways of these four individuals is <span>ammy and Vania are in the Administration and Administrative Support pathway, Alcott is in the Teaching and Training pathway, and Stefan is in the Professional Support Services pathway. So the answer is letter c.</span><span />
A deposit slip is a small paper form that a bank customer includes when depositing funds into a bank account. A deposit slip, by definition, contains the date, the name of the depositor, the depositor's account number, and the amounts being deposited
Answer:
$130,500
Explanation:
Given that,
service revenue = $720,000
Total cost (fixed and variable) per client = $2,500
Served = 115 clients during the year
operating expenses = $302,000
Gross profit:
= Service revenue - Total cost
= $720,000 - ($2,500 × 115)
= $720,000 - $287,500
= $432,500
Net income = Gross profit - operating expenses
= $432,500 - $302,000
= $130,500
Answer:
The materials are the direct materials or the raw materials that are worked on. Production means manufacturing or making. It includes all expenses directly or indirectly linked with the Production such as direct labor and Manufacturing Overheads etc. Manufacturing overheads only include those expenses which are indirectly used in the production. Expenses with sales are used for the storage or sales of products.
Explanation:
Materials,
2. Raw materials used
Production, includes Direct Labor and Manufacturing Overheads
1. Direct labor
Manufacturing Overhead would include
3. Indirect materials and supplies
4. Repairs to factory building
5. Depreciation of factory equipment
Sales include
6. Office supplies expense
7. Advertising expense
Manufacturing Overhead would include
3. Indirect materials and supplies
4. Repairs to factory building
5. Depreciation of factory equipment