Answer:
Variable cost per unit= $0.4
Explanation:
Giving the following information:
Month Total Maintenance Costs Total Machine Hours
January $2,880 3,820
February 3,273 4,364
March 3,928 6,546
April 4,632 8,619
May 3,491 5,455
June 4,844 8,730
<u>To calculate the variable component using the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (4,844 - 2,880) / (8,730 - 3,820)
Variable cost per unit= $0.4
Answer:
Bond's carrying amount = $63,350
Explanation:
This is a very trivial question and can be solved in just a very few lines.
Balance in Bonds Payable Account = $65,500
Discount on Bonds payable Account = $2,150
The bond's carrying amount can be gotten by simply subtracting the discount on Bond's payable account from the balance in bonds payable account.
Carrying amount = (Balance in Bonds Payable Account) - (Discount on Bonds payable Account)
Carrying amount = $65,500 - $2,150
Carrying amount = $63,350
Answer:
C)The labor costs for producing a product are expensed when the product is sold.
Explanation:
An income statement can be regarded as profit and loss account, it is a financial statements of a particular firm that gives the revenue as well as expenses of the firm during a specific period, it usually shows the way the revenue is been changed into net income. It should be noted that The labor costs for producing a product are expensed when the product is sold, assuming accrual accounting is used
Answer:
They have access to enough capital to operate in high cost industries
Explanation:
<h2>At the end of the year the supplies expenses will be 9,500 $</h2>
Explanation:
With the help of Preparing Suppllies Account we got the answer
<u> Supplies Account</u>
jan 1 By balance b/d 1,500
To Cash (expenses) Bal 9,500 By Purchase 40,000
To Bank (paid ) 30,000
Dec 31 To bal c/d 2,000
So by preparing Supplies Account we got the balance amount of Expenses paid to supplies are 9,500 $