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meriva
2 years ago
7

Castillo​ Corporation, a​ manufacturer, reports costs for the year as​ follows: Direct Materials Used $ 540,000 Wages to Line Wo

rkers 470,000 Office Rent 29,000 Indirect Materials Used 575,000 How much is the total period costs for​ Castillo?
Business
1 answer:
OLEGan [10]2 years ago
4 0

Answer:

$29,000

Explanation:

Given that,

Direct Materials Used = $540,000

Wages to Line Workers = 470,000

Office Rent = 29,000

Indirect Materials Used = $575,000

The direct material used, wages to line workers and Indirect material used are  the product costs for the Castillo​ Corporation. Hence, they are not considered as the period costs.

Therefore, the office rent is considered as the period cost for Castillo because it is associated with the time period.

Period cost = office rent = $29,000

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A cost that is incurred when an actual monetary payment is made is a(n) __________ cost A. expressed B. explicit C. implicit D.
Arada [10]

Answer:

explicit cost

Explanation:

The explicit cost will be the accounting expenses, those which are related to business operations like: materials, labor, rent, insurance and others.

This cost will be presented in the income statement and determinate the net income for the firm.

In constract for the explicit cost there are implicit cost. Those cost are related to output we renounce for using the factor in the current business (interest from a banking account instead of in investment in a forniture business; wages from another job instead of being entrepreneur)

4 0
3 years ago
A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The
zheka24 [161]

Answer:

A portfolio consists of 40% in Security A and 60% in Security B. The covariance matrix for A is 144, 225; for B is 225, 81. The standard deviation for the portfolio is <u>12.7</u>

Option D is correct

Explanation:

Wa: 0.4

Wb: 0.6

a^2: 144

b^2: 81

Cov(a,b): 225

Portfolio Variance:

: (0.4*0.4*144) + (0.6*0.6*81) + (2*0.4*0.6*225)

: 160.2

Portfolio Standard Deviation: 12.7

6 0
3 years ago
Read 2 more answers
The crusades, fought on the basis of religion occurred in the continent of
vladimir2022 [97]
Asia the crusades fought holy wars
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3 years ago
Using the expanded accounting equation, solve for the missing amount
AveGali [126]

Answer:

The expanding accounting equation is:

Assets = Liabilities + Stockholders Equity

                                 [Common Stock + Retained Earnings]

                                                               (Revenues - Expenses - Dividends)

Now, we replace the amounts in the formula

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + R ]

                             ($54,780 - $28,125 - $13,450)

$84,325 = $2,560 + X

                              [  X  + $13,205 ]

$84,325 = $2,560 + X

                               [  68,560  + $13,205 ]

$84,325 = $2,560 + $81,765

Both sides are now equal to $84,325

Thus, Common Stock = $68,560

                             

                           

6 0
3 years ago
Perfect elasticity and zero elasticity refer to the same event, which occurs when quantity demanded or quantity supplied change
larisa86 [58]

Answer:

b

Explanation:

perfectly elasticity is when at an existing price quantity demanded can increase or decrease.the numerical co efficient is always infinity ♾️

5 0
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