Answer:
The answer is below
Explanation
Complements in economics is a term that is used to describe goods that are used or consumed together. For example, pencil and eraser, pen and paper, etc.
Complements are goods in economics whose value is increased when combined with other goods. Another example of complement goods is movies and popcorn
Answer:
Accumulated depreciation at the end of year 5 is $12 million
Explanation:
The relevant number of years with which to depreciate the asset is from 1 to 10, however these numbers are taking in descending in order to have more depreciation in early years and less in later years.
Years relevant weighting number
1 10
2 9
3 8
4 7
5 6
6 5
7 4
8 3
9 2
10 <u> 1</u>
Total weighting 55
The accumulated depreciation at the end of year 5 would depreciation from year 1 to year 5 calculated as shown below:
(10+9+8+7+6)/55*$16.5 million=$12 million
In other words, at the end of year $12 million would have been charged as expense to income statement.
<span>The average cost of materials for 10,000 units is $62,000. The average cost of Labor for 10,000 units is $37,000. The average cost of Variable manufacturing overhead for 10,000 units is $16,000. The average cost of Fixed manufacturing overhead for 10,000 units is $40,000. The average cost of Fixed selling expense for 10,000 units is $32,000. The average cost of Fixed administrative expense for 10,000 units is $22,000. The average cost of Sales commissions for 10,000 units is $12,000. The average cost of Variable administrative expense for 10,000 units is $4,500. The total product cost for 10,000 units is $225,500.</span>
Answer:
Profit= $1600
The profit which firm is generating is $1600.
Explanation:
Formula:
Profit= Total Selling Cost- Total Actual Cost
Profit= (Price at which unit is sold*Number of units) - (Average cost*Number of units)
In our case:
Number of units=800 units
Price= $6
Average cost= $4
Profit= ($6*800) - ($4*800)
Profit= ($4800) - ($3200)
Profit= $1600
The profit which firm is generating is $1600.
