Answer: Total Variable Costs = $110130
Explanation:
The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.
Total Variable Costs
Manufacturing costs
Direct Material Per pound = $2.95
Direct Material used = 27800 pounds
Direct Material Cost = 27800 x 2.95 = $82010
Direct Labor
Direct Labor cost per hour = $6.20
Direct Labor hours = 3800
Direct Labour Cost = 3800 x $6.20 = $23560
Variable Manufacturing overhead cost = $4560
Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead
Total Variable Costs = $82010 + $23560 + $4560
Total Variable Costs = $110130
Price discrimination is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits. Movie theaters practice it by giving discounts on certain night. Example: senior citizens discount. Restaurants practice price discrimination by menu pricing.
Answer: C) mutually unexecuted contracts between buyers and sellers.
Explanation:
Mutually Unexecuted contracts refer to a situation where both parties being the buyer and the seller have not executed their parts of the bargain or rather fulfilled their parts of the contract.
In such a case, even though legally, there is an obligation to perform due to the signing of a contract, Accounting wise, there is no need to record a liability.
This is why Mutually Unexecuted contracts do not contribute to the need to recognize deferred revenue.
Answer:
A. Estimate the apartment rental demand curve assuming that it is linear and that price is expressed as a function of output.
the demand curve's slope = -10 / 1 = -10
demand curve = a - 10b
since all 100 units will be rented when p = $900
900 = a - 10(100)
900 = a - 1,000
1,900 = a
demand curve = 1,900 - 10b
B. Calculate the revenue-maximizing apartment rental rate. How much are these maximum revenues
we must first fin total revenue and then find hte derivative
total revenue = p x a
total revenue = (1,900 - 10a) x a
total revenue = 1,900a - 10a²
revenue maximizing quantity' = 1,900 - 20a
20a = 1,900
a = 95 apartments rented
price = 1,900 - (95 x 10) = $950
total revenue = $950 x 95 = $90,250
Answer:
C)
Explanation:
Based on the scenario being described within the question it can be said that the exception in these answers would be selling the finished clocks to customers. This is because this is a process that is done AFTER all the manufacturing processes have been done and the final output has been created. The question is asking about the processes BEFORE the final output.
