Answer:
b. The cost of materials decreased by $0.29 per unit, indicating an improvement.
Explanation:
We have to determine the material cost per unit which is shown below:
Material Cost per unit = Cost of material consumed ÷ number of equivalent units produced
For June, it would be
= $38,000 ÷ 4,000 units
= $9.5 per unit
For July, it would be
= $39,125 ÷ 4,250 units
= $9.21 per unit
So, the change in the cost of material is
= $9.5 - $9.21
= $0.29 per units
Answer:
Jarrod exclude from his gross income of $13,500
Explanation:
The following items which are excluded from the gross income are:
1. Tuition = $12,000
2. Books and supplies = $1,500
The total amount would be equal to
= $12,000 + $1,500
= $13,500
These items would be excluded because the deduction is allowed for these items. Whereas, the room and personal expenses are taxable. Hence, it would be included in the gross income
Answer:
<em>The output is represented along OX and cost along OY; AFC curve represents average fixed cost. AVC curve represents average variable cost, ATC curve represents average total cost (i.e., total of AFC and AVC and is called AC, i.e., average cost). MC curve represents marginal cost</em>
Explanation:
<h2>•|ᴥ jess ᴥ|•</h2>
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