Answer:
$186,900
Explanation:
The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.
As such, the net operating income/loss is the difference between the sales and the total costs
.
To get the net income, we would first get the gross income.
Gross income
= $730,000 - (40% * $730,000)
= $438,000
Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses
= $438,000 - $90,000 - $81,000
= $267,000
Income tax expense = 30% * $267,000
= $80,100
budgeted net income for 2018
= $267,000 - $80,100
= $186,900
The opportunity cost of the third bicycle is 20 tents.
What is opportunity cost?
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
Therefore,
The opportunity cost of the third bicycle is 20 tents.
To learn more about opportunity cost from the given link:
brainly.com/question/3611557
If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.
What is the change in total output that results from hiring one additional worker?
The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.
Does hiring additional workers increase the total revenue at a decreasing rate?
Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.
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Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.
<h3>Which city should Kari see?</h3>
Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.
- The first step is to convert the amount budgeted to Euros: 585 x 0.6859 = 401.25
- Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74
- Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77
- Total cost of the sightseeing = £48.74 + £77.77 + £68.77+ £95.41 + £49.69 + £60.85 = £401.25
To learn more about exchange rate, please check: brainly.com/question/13717814
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Answer:
Direct material quantity variance= $10,980 unfavorable
Explanation:
Giving the following information:
Standard Price or Rate Direct materials 8.5 kilos $ 6.00 per kilo
The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos Purchases of raw materials 31,600 kilos. Actual cost of raw materials purchases $ 195,920
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 8.5*3,200= 27,200 kg
Actual quantity= 29,030kg
Standard price= $6
Direct material quantity variance= (27,200 - 29,030)*6= $10,980 unfavorable
