Answer:
He hires 8 workers
Explanation:
The total cost is $1600 for 5,000 chickens minus the fixed cost of $800, which equals $800. The total cost is total of fixed cost and variable cost as in absence of production the total variable cost is zero so from this we can conclude that total fixed cost is zero.
Then divide the total variable cost ($800) buy what Ralph pays his workers ($100), which comes to 8.
Answer:
The answer is D.
Explanation:
A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.
Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)
Answer:
Fixed costs= $73,760
Variable cost= $159,430
Explanation:
<u>First, let's separate the factory overhead costs:</u>
<u></u>
Power and light 40,450
Factory insurance 23,560
Production supervisor wages 118,980
Production control wages 30,930
Factory depreciation 19,270
<u>Now, the fixed and variable costs:</u>
Fixed costs= Factory insurance 23,560 + Production control wages 30,930 + Factory depreciation 19,270
Fixed costs= $73,760
Variable cost= Power and light 40,450 + Production supervisor wages 118,980
Variable cost= $159,430
<span>Business organizations I bet. Hope this helps. :)</span>
Answer:
Cost per unit under variable costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead <u> 75 </u>
Cost per unit <u>335 </u>
<u />
Cost per unit under absorption costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead 75
Fixed manufacturing overhead ($2,700,000/90,000) <u>30</u>
Cost per unit <u>365</u>
Explanation:
In variable costing, cost per unit is calculated by the addition of all variable costs while in absorption costing, fixed manufacturing overhead application rate is added to the variable costs in order to obtain the cost per unit.