1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gemiola [76]
3 years ago
13

Sobota Corporation has provided the following partial listing of costs incurred during August:

Business
1 answer:
vladimir2022 [97]3 years ago
4 0

Answer:

a. The total amount of product cost is $369,800

b. The total amount of period cost is  $353,300

Explanation:

 Product costs are costs that are directly incurred in the production of goods. Products costs are traceable to production of goods. Examples of products costs are direct material cost and direct labor cost.

In contrast, period costs are costs that are incurred on the general affairs of the business. They are not related to production of goods. They are incurred on administering a business. Example includes salaries paid to directors of a company

Total amount of product cost                                       $                                                                          

Property taxes, factory                                               10,300

Indirect labor                                                               44,100

Direct materials                                                           172,600

Depreciation of production equipment                     48,300

Direct labor                                                                 <u> 94,500</u>

                                                                                    <u>369,800</u>

<u />

Total amount of period cost:                                       $

Marketing salaries                                                     51,900

Administrative travel                                                  105,000

Sales commissions                                                     52,400

Advertising                                                                 <u> 144,000</u>

                                                                                    <u>353,300</u>

     

You might be interested in
Maxim has already spent $28,000 to manufacture a hamster food product called Green Health. Maxim currently has 10,000 bags of Gr
andriy [413]

The incremental income to process further for Maxim company equals to $30,000.

<h3>What is an Incremental income?</h3>

This means the profit that a business gains from an increase in sales.

It is gotten when there is an additional revenue generated by a certain product.

The Net income to be generated from Green health equals:

= Revenue - Cost

= $90,000 - $28,000

= $62,000

The Net income to be generated from Premium Green equals:

= Revenue - Extra cost

= $98,000 - $6,000

=$92,000

<h3>What is Incremental income to Process further?</h3>

= $92,000 - $62,000

= $30,000

Read more about Incremental income

<em>brainly.com/question/1446002</em>

#SPJ1

8 0
2 years ago
Use the model to calculate the average rate of change of profit when the ticket price rises from $200 to $300. (Round your answe
sleet_krkn [62]

Answer:

600

Explanation:

6 0
3 years ago
Which of the following statements is true regarding the cumulative translation adjustment? Select one: Changes in the cumulative
vaieri [72.5K]

Answer:

The true statement is "The cumulative translation adjustment account affects the amount of gain or loss reported upon the sale of a foreign subsidiary".

Explanation:

The current technique needs that each one quality and accountability books be interpreted at this rate whereas shareholders’ justice accounts are interpreted at ancient altercation rates. The distinction is mirrored finished the additive conversion alteration, therefore the quantity of improvement or loss according upon the auction of a distant secondary to the additive conversion alteration.

8 0
3 years ago
When Paul arrived at work in the morning, he promised his co-workers that he would buy dinner for all of them that evening. He m
patriot [66]

Answer: No, Paul has not breached a contract.

Explanation: To answer this, we must first we must define what a contract is.

A contract is an agreement between two or more people that is legally binding, and which guides or governs the actions or conducts of the parties involved.

A quality that makes a contract legally binding is that it is enforceable by law.

In the scenario given in the question above, Paul has not breached any contract because there isn't one. The promise to buy dinner has not been legally bound, therefore, it is not enforceable by law, in essence, it is not qualified to be called a contract.

8 0
3 years ago
Explain why to maximize profits a firm needs to produce an output at a level where marginal revenue
Orlov [11]

Answer:

Rest of question:

... equals marginal cost.

Firms will maximize profits at the point where marginal revenue equals marginal cost because producing after this point means that no profits will be made.

As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.

This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.

8 0
2 years ago
Other questions:
  • You are a production planner for stanley tools. stanley tools faces an annual demand of 1,000 screws. production rate is 8 screw
    14·1 answer
  • Which option most accurately explains what take-home pay is?
    7·1 answer
  • Firm L has debt with a market value of $200,000 and a yield of 9%. The firm's equity has a market value of $300,000, its earning
    15·1 answer
  • Economic analysis assumes "rational or purposeful behavior," which means that people will pursue decisions or actions rev:
    9·1 answer
  • Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
    6·1 answer
  • Concord Corporation manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing
    10·1 answer
  • In 2020, Miranda records net earnings from self-employment of $158,500. She has no other gross income. Determine the amount of M
    13·1 answer
  • The elements in a defamation case are: a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of
    14·1 answer
  • An increasingly important advantage of the limited liability company is that its members?
    5·1 answer
  • Supplies that are not used immediately are recorded as a(n) ______ when purchased.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!