Answer: B) $115,200
Explanation:
Fixed costs are by definition fixed which means that they do not change as a result of a change in production level. This means that where Greenway sells 48,000 units or 54,000 units or even 0 units, the company would still incur the same fixed cost of $115,200.
The costs that change as a result of production level change are called Variable costs.
Answer:
Job 765 Job 766
Direct material $5,670 $8,900
Direct labor $3,500 $4,775
Overhead $5,400 $8,800
(27*200) (44*200)
Total Job cost $14,570 $22,475
b) Cost per unit = Total job cost/unit produced
Job 765 = $14,570/152 units
Job 765 = 95.86
Job 766 = $22,475/250 units
Job 766 = 89.90
Answer:
If the market floor is over demand, there is a surplus supply at that point. As a result , the number for oranges bought by the state would be Q1Q2 across the table.
Benefit is to the growers growing oranges as they've been having a better price and the cost is to the customers and community at large as it increases in deadweight losses. The triangular region in the graph reflects a moral hazard, DWL.
Answer:
Dividends paid ⇒ Financing Activities (F)
Repayments of long term debt ⇒ Financing Activities (F)
Depreciation and amortization ⇒ (NA)
Proceeds from issuance of common stock to employees ⇒ (NA)
Change in accounts payable and accrued expenses ⇒ Operating Activities (O)
Cash collections from customers ⇒ Operating Activities (O)
Net repayments of notes payable to banks ⇒ Financing Activities (F)
Net income ⇒ Operating Activities (O)
Payments to acquire property and equipment ⇒ Investing Activities (I)
Change in inventory ⇒ Operating Activities (O)
