Answer:
https://quiz let.co m/96700748/chapter-4-flash-cards/
Explanation:
Link above provides answers
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Answer:
a. $300 and $60
b. 50 shirts and $750
Explanation:
The computation is shown below:
a. The total revenue would be
= Number of shirts sold × selling price per shirts
= 20 shirts × $15
= $300
The variable cost would be
= Number of shirts sold × materials used in one shirt
= 20 shirts × $8
= $160
b. The net profit is
= Selling price per shirts - materials used in one shirt
= $15 - $8
= $7
And, the cost of using the equipment is $350
So, the break-even sales is
= $350 ÷ $7
= 50 shirts
And, the revenue is
= 50 shirts × $15
= $750
- Direct costs are a price that can be linked directly to the manufacturing of certain goods or services.
- The cost object can be connected directly to a service, product, or department.
- Direct expenses often vary from different production levels, such example, inventories, which implies that they vary.
- Direct costs vary in expenses directly related to variable manufacturing costs With a production unit With production unit, fixed costs do not fluctuate.
Please find the complete solution in the attached file.
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Answer:
The correct answer is B
Explanation:
The amount of equity earnings will be computed as:
Amount of earnings = Frankfort share in net Income of Bradley × Bradley Net Income
where
Frankfort share is 40%
Net Income of Bradley amounts to $1,680,000
Putting the values above in the amount of earnings:
= 40% share × $1,680,000
= $672,000
Therefore, the option B is correct.
