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2 years ago

A firm sells 2000 units at £500 each. If fixed costs are £50,000 and variable costs are £100 per unit, calculate the total costs

Business

1 answer:

Blababa [14]2 years ago

7 0

Answer: £ 250,000

Explanation:

Given: Fixed costs = £50,000

Number of units=2000

Variable cost per unit = £100

Since Total variable cost = (Number of units) x (Variable cost per unit)

=2000 x ( £100)

= £200,000

We know that,

Total cost = Total fixed cost +Total Variable cost

= £ (50,000 + 200,000)

= £ 250,000

Hence, the total costs = £ 250,000

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour

Xelga [282]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials: 5 pounds at $8.00 per pound $40.00

The planning budget for March was based on producing and selling 25,000 units.

a)

The material cost included in the planning budget is the standard cost multiplied for the budgeted production.

Direct material requiered= 25,000*5= 100,000 pounds

Standard cost per pound= $5

Direct material budget= 100,000*5= $500,000

The raw material's flexible budget adapts to the actual production level.

Direct material flexible budget= standard cost*actual material used in production

Direct material flexible budget= 5*160,000

Direct material flexible budget= $800,000

c)

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5 - 7.5)*160,000

Direct material price variance= $400,000 unfavorable

6 0

2 years ago

Jessica spends all her income on two goods, A and B. The price of A is $5, and the price of B is $7. At the current consumption

masha68 [24]

Answer:

Jessica should consume more of good A.

Explanation:

Jessica spends all her income on two goods, A and B.

The price of A is $5, and the price of B is $7.

At the current consumption bundle, the marginal utility of A is 10, and the marginal utility of B is 21.

The total utility is maximized when the ratio of marginal utility and price of the goods consumed is equal for all the goods in the bundle.

The ratio for Good A

= $\frac{10}{5}$

= 2

The ratio for good B

= $\frac{21}{7}$

= 3

Since the ratio is higher for good B, the consumer should shift from consumption of good B to good A until the ratio is equal for both the goods.

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3 years ago

The government of Ugania had been extending huge amounts of loans to the business enterprises in the country. However, the borro

coldgirl [10]

Answer:

b) economic

Explanation:

Economic risk can be described as the probability that investment in the home country will be affected by changes in exchange rates, a political instability, a change in government regulation or policy, or any other macroeconomic conditions especially in a foreign country.

Despite that the government of Ugania has been trying to stimulate its economy extending huge amounts of loans to the business enterprises in the country, the failure to generate the profits necessary to repay their debts by borrowers likely due to be that the business enterprises in Ugania are most likely to facing economic risk.

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3 years ago

what would the length of time you have had a checking or savings account help determine your credit score?

GenaCL600 [577]

It shows a pattern of responsibility.

If you have only had accounts for 1 month, it doesn't really give a full picture of whether or not you always make your payments on time, etc. However if you have had accounts for 20 years, creditors have more history to look through to determine if you are responsible.

Keep in mind, checking and savings accounts are not the primary type of accounts that creditors want to look at because those only deal with spending money you already have. Lenders really want to know how you handle money that you borrow, such as school loans, credit cards, rent payments, and auto loans.

8 0

3 years ago

The first person that answers ill give u 50 brainlist points, brainlist to, stars, and a heart

melisa1 [442]

Hi and I am cool
And thx

6 0

1 year ago

Read 2 more answers