Answer:
$25,800 increase
Explanation:
The computation of the adjusted retained earning balance is shown below:
Ending inventory was overstated - no change
Add: Depreciation expense was overstated $24,100
Add: Ending inventory was understated $6,500
Less: Depreciation expense was understated ($4,800)
Adjusted retained earning balance $25,800
Answer:
interchangeable parts and assembly lines
Explanation:
Answer:
the total general and admin expense is $8,200
Explanation:
The computation of the total general and admin expense is given below:
Administrative salaries $4,300
Other cash administrative expenses $1,700
Depreciation $2,200
General and administrative expenses budget $8,200
hence, the total general and admin expense is $8,200
We simply added the above 3 items so that the correct value could come
Answer:
YES - When marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.
Explanation:
Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.
When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling
When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.
The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other
, therefore when the marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.