Answer:
See below
Explanation:
Total costs = Product costs + Administrative costs
= ($75 × 30,000) + $85,000 - ($50 × 30,000) + $65,000 = $3,900,000
Total cost per unit =Total cost / Units expected to be sold= $3,900,000 /30,000 = $130
Markup per unit = Total cost per unit × Markup percentage = $130.00 × 25% = $32.5
Answer:
The incorrect statement is letter "D": Saving can only be done in person. Investing can be done both in person and online.
Explanation:
There are several differences between saving and investing. Both of them have the potential to grow capital over a specific period. While saving is beneficial in the short run, investment is in the long run.
Though, saving money implies depositing it in an account to make a profit out of the annual interest rate offered by banks. <em>The money can be deposited in person, through wire transfers or online transfers between accounts</em>. Investing is characterized by risking money through acquiring assets such as stocks, bonds, or mutual funds. That money can be provided by the investor in a meeting with the people in charge of managing the money or through online brokers.
Answer:
I'm figuring this out for you!
Explanation:
Entries are given.
DATE ACCOUNT TITLES DEBIT CREDIT
Dec 31,2019 No entry 0
No entry
(Considering that goodwill has an 0
infinite existence, goodwill should
not be amortised.)
Dec 31, 2019 Patent Amortization $10,000
[$75,000×(1/5)×(8/12)] patents
(To record patent amortizations for $10,000
8 months)
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The standard quantity that is produces is multiplied to the standard price. The product is subtracted to the quantity variance and will be divided to the standard price. The product you have acquired will be the units that are produced.
4,500 pounds x $2.50 = 11,250
11,250 - $375 = 10,875
10,875 / $2.50 = 4,350
Answer: There are 4,350 units produced.
