Answer:
B. Because of the changes in production levels, under variable costing the unit product cost will change each year
Explanation:
In variable costing, Product Cost is the total of variable manufacturing costs only. Whereas in Absorption costing, the Product cost is the total of both variable and fixed manufacturing overheads.
The following statements is not correct : Because of the changes in production levels, under variable costing the unit product cost will change each year.
The answer is "Sole proprietorship"
Hope this helps! :D
Answer:
The above pic might help you :)
Answer:
$5.55
Explanation:
Calculation to determine what the basic earnings per share was
Using this formula
EPS=Net income-(Value cumulative preferred stock percentage*Net income)/Shares of common stock
Let plug in the formula
EPS=$670,000-(3%*$670,000)/117,000
EPS=$670,000-$20,100/117,000
EPS=$649,900/117,000
EPS=$5.55
Therefore For 2021, basic earnings per share was: $5.55
Answer:
Ray is bound by the contract under law of agency.
Explanation:
Law of agency states that when a third party interacts with a representative of another party, any agreement that is made between them and the representative is binding on the other party.
When one is an agent of a company in this case Fests, she has implied authority to make an offer on behalf of Fests. The offer made is binding on Festa even though they did not authorise sale of the product for $500 less than their normal price.
