Answer:
D. direct (or positive) and is called the law of supply.
Explanation:
According to the law of supply, when the price of product is increases, then the quantity supplied of that product would also increases and if the price of product is decreases, then the quantity supplied of that product would also decreases. That means it shows a direct or positive relationship between the price and the quantity supplied keeping other factor constant i.e they do not changed.
Answer:
Total fixed overhead variance: $
Standard fixed overhead cost ($2 x 62,000 units) 124,000
Less: Actual fixed overhead cost <u>98,000</u>
Total fixed overhead cost <u> 26,000(F)</u>
Fixed overhead rate = <u>Budgeted fixed overhead cost</u>
Budgeted output
= <u>$104,000</u>
52,000 units
= $2 per unit
Explanation:
Total fixed overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is equal to standard fixed overhead rate multiplied by actual output.
Answer:
Cost of Goods Sold = $ 400,000
Explanation:
Units Sold = $360,000/ $225= 1600
Sales $360,000
Direct materials $176,000
Direct labor $100,000
Variable factory overhead $44,000
Fixed factory overhead $80,000
Total Manufacturing Costs $ 400,000
Variable selling and administrative expenses $20,000
Fixed selling and administrative expenses $10,000
Cost of Goods Sold = $ 400,000
As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.
Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
Answer:
Explanation:
As the only operator of this kind in South Africa, the Post Office has the exclusive right to provide delivery services for all letters, postcards, printed matter, small parcels, and other postal articles up to and including 1kg.
PostNet was initially ordered to stop delivering all packages weighing 1kg and less by 17 March 2020. However, it secured an interdict which allowed it to continue to deliver these packages until the full challenge was heard in the Gauteng High Court.
The Post Office, Postnet and the South African Express Parcel Association (SAEPA) are now set to head to court in a move that could have ramifications for the entire courier industry in South Africa.
Icasa spokesperson Paseka Maleka told BusinessDay that the regulator would give its support to the Post Office as it was following the letter of the law, which allowed private couriers to only deliver food items in the 1kg or less category.
“Icasa’s mandate is to implement what the law requires, and we are doing exactly that,” he said.
“There are exemptions that deal with businesses that do not fall under postal services. Uber Eats, Mr Delivery, etc are such businesses. Obviously, one cannot expect Sapo to be delivering pizza to a consumer,” he said.
