3 years ago

Question 5 of 10

Business

1 answer:

LekaFEV [45]3 years ago

7 0

C you’re taking a class to show you want to have more skill

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Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experien

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Answer:

Gross profit= 131,500

Explanation:

Giving the following information:

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F

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Gross profit= 220,000 - 90,000 + 1,500= 131,500

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The gini ratio for lifetime income is _______ the gini ratio for annual income.

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