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2 years ago

What is the formula to work out profit

1 answer:

7 0

The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.

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Direct materials for the month amounted to $111,500. Direct labor for the month was $206,500. During the month, 12,500 units wer

Alenkinab [10]

Answer:

1. Total Production Cost = $413400

2. Cost per unit of production for the previous month = $25.44

Cost per unit of production for the next month = $25.44

Explanation:

GIVEN:

Direct Material for 12,500 unit = $111,500

Direct Labor for 12,500 unit = $206,500

Calculate:

Direct Material for 16,250 unit = $111,500*16,250/12,500 = $144,950

Direct Labor for 16,250 unit = $206,500*16,250/12,500 = $268,450

Total Production Cost = Direct labor + Direct materials + Factory Overheads

Total Production Cost = $144,950 + $268,450

Total Production Cost = $413,400

Cost per unit of production = Total Production Cost / Total unit

For Previous month = ($111,500 + $206,500) / 12,500

= $318000/ 12,500

= $25.44

For Next month = ($413400) / 16,250

= $25.44

6 0

2 years ago

How planning interacts with other functions

Lubov Fominskaja [6]

Answer:

Planning might help your day work better. When and if you have a job, you could plan when your getting there, and when you can have dinner.

Explanation:

hope it helps

5 0

2 years ago

Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during

ValentinkaMS [17]

Answer:

Total loss= $4,745

Explanation:

Giving the following information:

Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during the current year. Assuming a 35% tax rate.

Loss= 7,300

Tax savings= (7,300*0.35)= (2,555)

Total loss= $4,745

4 0

3 years ago

On December 31, 2021, Caria vista inc. appropriately changed its inventory valuation method to FIFO cost from weighted average c

lisov135 [29]

Answer: Increases by $30,800

Explanation:

If the inventory increased by $38,500 in January then that means that the Net Income for the previous period has increased because the Cost of Goods sold for the previous period will be less.

Since the Income for the year 2020 has increased by $38,500, the tax rate needs to be applied to it to see how much goes to retained earnings.

= 38,500 ( 1 - tax rate)

= 38,500 * ( 1 - 20%)

= $30,800

The beginning Retained Earnings balance Increases by $30,800

3 0

3 years ago

Read 2 more answers

Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.

Neko [114]

Answer:

The missing options are "US Account - Private sales and purchase of assets, Office asset sales and Purchase, Transfer, Factor Income, Sales and Purchase of goods and services

The direction of flow option are "Payment to foreigners, Payment from foreigners"

a. An Australian company buys steel from a U.S. firm.

Account: Sales and purchase of goods and service

Direction: Payment from foreigners"

b. The Federal Reserve buys $2 billion worth of euros.

Account: Official asset sales and purchase

Direction:Payment to foreigners

c. Profits are earned by a U.S. based mining company operating in Mexico.

Account: Factor Income

Direction: Payment from foreigners

d. An English company purchases a U.S. confectionary manufacturer.

Account: Private sales and purchase of goods

Direction: Payment from foreigners

4 0

3 years ago