That is false, he took a lot more time trying to find India and instead found America
Answer:
$360,000
Explanation:
Last in first out (LIFO) is a method used in inventory where the cost of most recently purchased goods is the one to be expensed first. Also current losses are the first to be reported.
An inventory loss incurred in a quarter must not be deferred, but recorded as items within an interim must be reported in the same period they were incurred, unless it can be redeemed before the end of the fiscal year. It is not considered a temporary item.
The loss reported in May will be reported for that quarter in June.
Answer:
C) more than 5Y
Explanation:
the opportunity cost of producing 101 units of X = 5 units of Y
if the opportunity costs increase as the number of units produced increases, then the opportunity cost of producing 201 units of X will be more than 5 unit of Y. This is simply because 5 units of Y was the opportunity cost of producing 101 units of X and the opportunity costs are increased.
A business major 87% of the time, while 16% of the time mistakenly identifies an agriculture major.
Product A and Product C should be sold at the split-off point
Product B should be processed further.
<h3 /><h3> What is the meaning of joint costs?</h3>
A joint cost is an expenditure that benefits more than one product, and for which it is not possible to separate the contribution to each product.
The accountant needs to determine a consistent method for allocating joint costs to products.
<h3>How to calculate joint variable cost?</h3>
One of the simplest methods to apportion joint cost is the average unit cost method.
Here, the average cost per unit is calculated by simply dividing the total cost of all the joint products incurred before their splitting-off, by the total of the number of units produced all together.
Learn more about joint cost here:
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