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Answer:
$3,340
Explanation:
Step 1 : Determine the Depreciation rate
<em>Depreciation rate = Cost - Salvage Value ÷ Estimated Units</em>
Depreciation rate = $0.10
Step 2 : Depreciation Expense
<em>Depreciation Expense = Depreciation rate x units produced</em>
Depreciation Expense = $3,340
Therefore,
the machine's second-year depreciation using the units-of-production method is $3,340
Answer:
Variable cost per unit= $6.6 per unit
Explanation:
Giving the following information:
January: $2,880 330
February: $3,180 380
March: $3,780 530
April: $4,680 660
May: $3,380 530
June: $5,520 730
To calculate the unitary variable cost, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit
Answer:
True
Explanation:
A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.