The value of the ending inventory under variable costing is calculated to be $19,600.
To determine the value of the ending inventory under variable costing we first find out the units in the ending inventory as follows;
Units in ending inventory = Units in beginning inventory + Produced units − Sold units
Units in ending inventory = 0 + 6000 - 4600
Units in ending inventory = 1400
Now the value of the ending inventory under variable costing can be determined by multiplying units in the ending inventory by the variable production cost as follows;
Value of Ending inventory = Unit in ending inventory × Variable production cost
Value of Ending inventory = 1400 × 14
Value of Ending inventory = $19,600
Hence, the value of the ending inventory would be $19,600 under variable costing.
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Answer:
The right option is A that is HMO
Explanation:
HMO is the term which stated as the Health Maintenance Organization, which is a kind or type of the plan that offers a wider range of the services of health cares via or through a network of providers who agreed in order to supply the services to the members.
So, HMO is the kind of insurance plan where all tests and the specialist visit need to be approved by the doctor.
Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
<u>A) Budget equation mathematically</u>
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
<u>b) Values of X and Y that will maximize utility </u>
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
<u>c) Total utility generated per unit of time </u>
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
The appropriate journal entry for each of these transactions,
Date Journal entry Debit credit
Nov 20 Cash a/c 441
credit card discount 9
To sales revenue 450
Nov 25 Accounts receivable 2800
To sales receivable 2800
Nov 28 Accounts receivable 7200
To sales receivable 7200
Nov 30 Sales return 600
To account for receivable 600
Dec 06 Cash 6468
sales discount 132
To accounts receivable 6600
Dec 30 Cash 2800
To accounts receivable 2800
Net sales:450+2800+7200-600-132
= 9718
Examples of transactions are as follows: Paying a provider for offerings rendered or goods introduced. Paying a vendor with cash and a note so one can obtain ownership of assets formerly owned by the seller. Paying an employee for hours worked.
A transaction is a finished settlement between a client and a seller to exchange items, offerings, or monetary property in going back for cash. The term is also commonly utilized in company accounting. In business bookkeeping, this simple definition can get complex.
A cash transaction is the immediate charge of coins for the acquisition of an asset. some market stock transactions are considered cash transactions although the exchange might not settle for some days. A futures agreement isn't always considered a cash transaction.
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