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Annette [7]
3 years ago
7

​Vipsana's Gyros House sells gyros. The cost of ingredients​ (pita, meat,​ spices, etc.) to make a gyro is​ $2.00. Vipsana pays

her employees​ $60 per day. She also incurs a fixed cost of​ $120 per day. Calculate​ Vipsana's average fixed cost per gyro when she produces 50 gyros using two​ workers?
Business
1 answer:
andrezito [222]3 years ago
5 0

Answer:

The average fixed cost is $2.4.

Explanation:

Vipsana's Gyros House sells gyros.

The cost of ingredients​ to make a gyro is​ $2.00.  

Vipsana pays her employees​ $60 per day.  

She also incurs a fixed cost of​ $120 per day.

The cost incurred on ingredients and workers is a variable cost.  

The total fixed is thus $120.  

The average fixed cost for 50 gyros

= \frac{TFC}{Q}

= \frac{120}{50}

= $2.4

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A physical count of merchandise inventory on November 30 reveals that there are 82 units on hand. Assuming that the specific ide
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After computing the cost of inventory that was sold, The Cost of Goods sold is given as $1,334.30.

<h3 /><h3>The calculations related to the exercise are as follows:</h3>

From the information provided (see full question attached),

Inventory at hand as at November 1:

  • there are 29 Units of Inventory at the cost of $5.90 dollars each.

Purchases:

  • 118 units are purchased at $6.30 dollars each;
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If at the end of the period there are 25 units each form the purchases above and 7 from the existing inventory as at Nov. 1st, then the cost of goods sold is:


((29-7) X 5.9) +((118-25) x 6.3) + ((59-25) x 6.15) + ((88-25) x 6.5))

= $1,334.30

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5 0
1 year ago
The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $355
Fudgin [204]

Answer:

$226,900

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased

Let plug in the formula

Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500

Operating activities =$226,900

Therefore The Amount of cash that was provided by operating activities is $226,900

7 0
2 years ago
A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the
zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

3 0
3 years ago
Because farm products have a low elasticity of demand a small change in output will have
GaryK [48]
<span>Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to </span>pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling. 
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3 years ago
Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square
Phantasy [73]

Answer:

Direct Materials    = $969,000

Direct Labor     = $699,400

Factory overhead    = $214,600

WIP       = $2,200

Finished Goods            = ($2,000)

Cost of Goods      = $1,883,200

Explanation:

Direct Materials  = $969,000

403,500 x 6 square yards = 2,421,000

2,421,000 + (40,400 - 38,900)  = 2,422,500

2,422,500 x 0.40 per square yard = $969,000

Direct Labor  = $699,400

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403,500 * 8 minutes  = 3,228,000 minutes

3,228,000/60 minutes  = 53,800

53,800 x $13.00 = $699,400

Prepare a cost of goods sold budget for Daybook Inc. using the information above

Direct Materials        = $969,000

Direct Labor         = $699,400

Factory overhead        = $214,600

WIP  ($16,500 - $14,300)     = $2,200

Finished Goods ($28,000 - $30,000)    = ($2,000)

Cost of Goods         = $1,883,200

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3 years ago
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