Suppose there is a simple index of three stocks, stock ABC, stock XYZ, and

For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you ea

Helen [10]

Average cost for a meal is $4.

<h3>Formula:</h3>

Average cost = Total cost/ no. of goods produced

In this case:

Avg. cost = $600/150 = $4

<h3>What is Average Cost ?</h3>

Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).

<h3>How to find the Average cost ?</h3>

We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.

Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.

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4 0

1 year ago

Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are

mafiozo [28]

Answer:

The answer is "205,241"

Explanation:

Its relative value operation:

Smooth skin Seedling Skin Total

A Unit sold $240000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 110000$

selling price per unit $\$ \ 3.10 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ \ 5.10$

Sales value $\$ \ 744,000 \ \ \ \ \ \ \ \ \ \ \ \$ \ 561,000 \ \ \ \ \ \ \ \ \ \ \ \$ \ 1,305,000$

Join its cost allocate $(360000 \times \frac{sales\ value}{1305000})$ $205,241 \ \ \ \ \ \ 154,759 \ \ \ \ \ \ 360,000$

Smooth Skin is assigned the combined costs within each development process by way of the relative cost process 205,241

3 0

2 years ago

During 2011, Clark Company manufactured equipment for its own use at a total cost of $2,400,000. The project required the entire

Zanzabum

Idk idk idk idk idk idk im sorry btw its just for the starting thing

8 0

3 years ago

Lakeview Company completed the following two transactions. The annual accounting period ends December 31.

Ann [662]

Answer: Check attachment and explanation.

Explanation:

a. The question has been solved. Check the attachment.

b. LAKEVIEW COMPANY

Balance sheet (Partial)

December 31

Current liabilities

FICA Payable=$4800 + $4800= $9600

Charitable contribution payable = $2400

Withheld income tax payable = $6400

State and Federal unemployment tax payable = $560

Unearned rent revenue = $5700 - $3800 = $1900

Total current liabilities = $20860

6 0

2 years ago

Fred's Paper Shop frequently buys paper from Online Office Supplies, Inc. Online Office Supplies and Fred's Paper Shop decide to

madam [21]

Answer:

likelihood that disputes will arise under their contract is reduced.

Explanation:

One of the advantages of entering into a partnering agreement is that the likelihood that disputes will arise under their contract is reduced. This is mainly due to the fact that the agreed upon contract contains all the rules and regulations that both entities have agreed to follow. Therefore if there is any difference in decision the contract can be brought up and must be followed.

3 0

3 years ago