Answer:
d) overapplied $160
Explanation:
$35,000 expected overhead / 5,000 machine= 7 dollar per machine hour are spend on overhead
<em><u>applied overhead:</u></em>
4,980 x 7 = 34,860
<u><em>actual overehad:</em></u> 34,700
As the amount of cost enter by the accounting are above the real cost, we are going to increase the manufacturing overhead cost and making the net income lower for this particular reason.
<span>Basically "Opportunity cost" is what you're going to lose (or have a potential to lose) if you chose a different action than what you're presented with. In the example, you're working for $15 an hour, but if you decide instead to skip a pratrice to go to the fair you're losing out of the $15 an hour you'll be paid and have to pay $9 to go to the fair. All total, you're opportunity costs for that will be $24 (fifteen you would have made plus the nine dollar fee.) This is also assuming, of course, they don't fire/dock you for just skipping work.</span>
Answer: -0.5
Explanation:
Based on the information given, the price elasticity of demand will be calculated as follows:
= dQ/dP × P/Q
where,
dQ/dP = -1
P = 100
Q = 200 – P + 25 U – 50 P beer
Q = 200 - 100 + 25(8) - 50(2)
Q = 200 - 100 + 200 - 100
Q = 200
Therefore, dQ/dP × P/Q
= -1 × (100/200)
= -1 × 1/2
= -1 × 0.5
= -0.5
The price elasticity of demand is -0.5.
Answer:
From the information from the remaining part of the question. The factor that would affect the success or failure of Caffè Gustoso is the Cultural factor.
Explanation:
Caffè Gustoso an Italian word meaning "Tasty coffee". This tells us that the firm is in the food and beverage industry.
Each of the countries mentioned are found in different continents having diverse cultures.
Key to their success is to know the culture of these countries as regards to coffee.
Answer:
Gross profit= $54,700
Explanation:
Giving the following information:
Purchases $37,000
Merchandise inventory, September 1 6,100
Merchandise inventory, September 30 6,800
Sales 91,000
<u>First, we need to calculate the cost of goods sold:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 6,100 + 37,000 - 6,800
COGS= $36,300
<u>Now, the gross profit:</u>
Gross profit= sales - COGS
Gross profit= 91,000 - 36,300
Gross profit= $54,700
