<span>The average cost of materials for 10,000 units is $62,000. The average cost of Labor for 10,000 units is $37,000. The average cost of Variable manufacturing overhead for 10,000 units is $16,000. The average cost of Fixed manufacturing overhead for 10,000 units is $40,000. The average cost of Fixed selling expense for 10,000 units is $32,000. The average cost of Fixed administrative expense for 10,000 units is $22,000. The average cost of Sales commissions for 10,000 units is $12,000. The average cost of Variable administrative expense for 10,000 units is $4,500. The total product cost for 10,000 units is $225,500.</span>
Answer:
B. $6281
Explanation:
If line 10 and line 11 are the same, the taxpayer will neither receive a refund nor owe additional taxes. Therefore, if line 10 is $6281, line 11 must be the same.
Answer:
(a) $2,040
(b) $1,020
Explanation:
(a) Under the accrual method of accounting revenue is recognized in the month when product is delivered,
Revenue is recognized on the March income statement from this order:
= Units Delivers × Unit price
= 136 × $15
= $2,040
(b) Revenue is recognized on the April income statement from this order:
= Units Delivers × Unit price
= 68 × $15
= $1,020
Answer:
Gross pay
Explanation:
Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions
(B) When revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.
<h3>
What is revenue?</h3>
- The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue.
- Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
- A company's overall earnings or profit are referred to as income or net income.
- Although both revenue and profit are positive indicators for your company, they are not the same thing.
- The producer surplus for a firm will probably reach zero when revenue equals opportunity costs and variable costs.
Therefore, (B) when revenue equals opportunity and variable cost, then the producer surplus most likely drops to zero for a firm.
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