C. Budget for fixed expenses before flexible expenses.
Answer:
d. loss of exactly $27.
Explanation:
Under a competitive firm, a profit-maximizing firm level of output can be find out by equating the marginal revenue with its marginal cost i.e
Marginal revenue = Marginal cost
As we know that
Average total cost = Total cost ÷ Quantity
$10 = Total cost ÷ 9
So, the total cost is
= $10 × 9
= $90
And,
Total revenue = Price × quantity
= $7 × 9
= $63.
So,
Profit = Total revenue - total cost
= $63 - $90
= -$27
This amount comes in a negative which reflects that there is a loss of $27
There are two main ways to process debit and credit card transactions. The first is to swipe the card on a machine that reads your information based on your strip. The strip will automatically take money from your debit account with a PIN authorizing the transaction. If you swipe a credit card, it will ask for a signature. Another way a machine can read your information is by use of a chip. The chip is embedded in the card and it reads and authorizes your information once its slid in and accepted.
Answer:
C. $3,400 F
Explanation:
The computation of the direct labor rate variance is shown below:
Direct Labor Rate Variance
= (Standard rate - Actual rate) × Actual hours
= ($12 - $200,600 ÷ 17,000 labor hours) × 17,000 direct labor hours
= ($12 - $11.8) × 17,000 direct labor hours
= $3,400 favorable
Since standard cost is more than the actual cost which leads to favorable balance
