Answer:
Variable costs per unit increase as a company produces more units of production.Total fixed cost is constant over all units of production.
Explanation:
there is positive relation between variable cost and production, increase in production will increase the cost and vise visa.
there is inverse relation between fix cost and production higher the production lower the fix cost will be apportioned per unit but the total cost will remain the same
Example :
Case-1 Case-2
Production 50000 100000
V.Cost 100 p.u 100 100
Fix Cost 100000 100000
total cost
Variable cost 5000000 10000000
Fix Cost 100000 100000
variable cost is increasing due to increase in production in both cases fix cost will remain the same because no matter how many products company produce fix will remain the same.
Answer:
Reversing entries are given below
Explanation:
The accountant would reverse the adjusting entries of the accrual of salaries payable and the accruals of interest receivable.
December 31, 2021 (To record interest receivable)
DEBIT CREDIT
Interest receivable [$115,000*8%*3/12] 2300
Interest revenue 2300
December 31, 2021 (To record salaries payable)
DEBIT CREDIT
Salaries expense 7550
Salaries payable 7550
January 1, 2022 (To reverse the entry recorded on December 31, 2021)
DEBIT CREDIT
Interest revenue 2300
Interest receivable 2300
January 1, 2022 (To reverse the entry recorded on December 31, 2021)
DEBIT CREDIT
Salaries payable 7550
Salaries expense 7550
Answer:
c y = 55,000 + 126.50X
Explanation:
Fixed Costs = $55,000
Variable Costs = $35 + $11.50 + $80 = $126.50
Therefore, The cost function best represents these costs is y = 55,000 + 126.50X
Answer:
it is well planed
Explanation:
if not planed ,not much people will join that job
Answer and Explanation:
The preparation of the income statement is presented below:
Service Revenue 340,000
Less:
Salaries Expense 240,000
Rent Expense 12,000
Depreciation Expense 24,000
Interest Expense 3,400
Net income $60,600
Hence, we simply deduct the expenses from the service revenue so that we get the net income
