Answer:
$107,200
Explanation:
Calculation for the estimated selling and administrative expense for February
Budgeted unit sales 12,000
× Variable selling and administrative expense per unit $3.10 per unit
=Total variable selling and administrative expense $37,200
(12,000×$3.10 per unit)
Add Fixed selling and administrative expenses $70,000 per month
Estimated selling and administrative expense $107,200
($70,000+$37,200)
Therefore The estimated selling and administrative expense for February is closest to:$107,200
Answer:
The contract price based on the expected value of future payments to be received is $246,960
Explanation:
The computation of the expected value is shown below:
For meeting the target, it will equal to
= (Received amount × number of months + additional amount) × probability rate
= ($39,200 × 6 months + $19,600) × 80%
= $203,840
For not meeting the target, it will equal to
= (Received amount × number of months - additional amount) × remaining probability rate
= ($39,200 × 6 months - $19,600) × 20%
= $43,120
So, the total expected value would be
= $203,840 + $43,120
= $246,960
<span>The correct
answer between all the choices given is the first choice or letter A since 10,000 would be a low price for a typical car.
I am
hoping that this answer has satisfied your query and it will be able to help
you in your endeavor, and if you would like, feel free to ask another question.</span>
Answer:
Fixed cost
Explanation:
Mixed cost is fixed cost plus variable cost
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
