Answer:
Total period cost under variable costing $60,000
Explanation:
The computation of the total period cost under variable costing is shown below:
Variable selling and administrative expenses (880 units × $15) $13,200
Add: Fixed selling and administrative expenses $21,120
Add: Fixed manufacturing overhead $25,680
Total period cost under variable costing $60,000
739,000 - 219,000 = 520,000
The net assets are assets minus liabilities, so it is $520,000 in this case.
Answer:
$36
Explanation:
The contribution margin per unit is calculated by subtracting the variable cost per unit from the selling price.
Selling price is $60
Contribution margin per unit?
The total sales in dollar value are $15,000, The sales in units equal to
=$15,000 /60
=250 units
Total variable costs will include variable manufacturing cost plus variable selling and administrative costs
=$4000 + $2000
=$6000
variable cost per unit will be the total variable cost divide by units produced
=$6000/250
=$24
Contribution margin per unit = $60- $24
=$36
Answer:
The answer is: A) the diffusion of economic power limits its potential abuse.
Explanation:
Ina market system, producers will be willing to offer what consumers are willing to pay. That means that consumers are "kings" if competition exists in a market. Consumers should be able to choose what product suits them best and satisfies their needs. A large number of suppliers guarantees more consumer satisfaction.
Problems start when competition starts to vanish and monopolies appear.
