You with college applications
Answer:
$7.50 per unit
Explanation:
Cost of buying from outside supplier = $33 per unit.
Relevant cost of making such component in-house = Direct materials+ Direct labor+ Variable overhead
= $9.50 per unit + $13.50 per unit + $2.50 per unit
= $25.50 per unit
Net incremental cost of buying the component = Cost of buying from outside supplier- Relevant cost of making such component in-house
= $33.00 per unit - $25.50 per unit
= $7.50 per unit
Answer: The remuneration for natural resources is rent, as natural resources consist of all gifts of nature
Explanation:
Factors of production consists of the resources that are used to production to take place. They include land, labor, capital and the enterprise.
The remuneration for natural resources is rent, as natural resources consist of all gifts of nature.
The remuneration for labor is wages and salaries. The remuneration for capital is interest while the remuneration for entrepreneur is profit.
Answer:
which of the following does not affect the reject rates at a company's production facilities
Spending for best practices training
Explanation:
Spending for best practices training does not affect the reject rates at a company's production facility because the amount does not equate to whether the staff members in production unit would assimilate best and put it into use during production
Income statement FIFO LIFO Average
sales (350*50) 17500 17,500 17,500
cost of goods sold 9800 12,250 11,130
0 0 0
Gross profit 7700 5250 6370
Expenses 1,700 1,700 1,700
net income 3550 4670 4670
An income statement is a financial report detailing a company's income and expenses over a reporting period. Also known as the Income Statement (P&L), it is typically produced quarterly or annually. An income statement shows the financial performance of a company over a period of time. There are four main financial statements.
The purpose of an income statement is to show the financial performance of a company over a period of time. It conveys the financial history of the company's activities. The income statement shows all income and expense accounts for a period of time.
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