Answer:
According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.
Answer:
1. $2,296
2. $19.58
3. Total labor cost = Fixed cost + (variable cost × employee hour)
Explanation:
The computations are shown below:
1. The fixed cost would be
= High labor cost - (High employee hours × Variable rate per hour)
= $10,324 - (410 hours × $19.58)
= $10,324 - $8,028
= $2,296
2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)
= ($10,324 - $6,800) ÷ (410 hours - 230 hours)
= $3,524 ÷ 180 hours
= $19.58
3. The cost formula would be
Total labor cost = Fixed cost + (variable cost × employee hour)
= $2,296 + ($19.58 × employee hour)
Answer:
Acc dep - manufacturing facility 205,000 debit
Cash 205,000 credit
--to record cost heating system--
Wing 780,000 debit
Cash 780,000 credit
--to reocrd addition of a new wing--
maintenance expense 15,500 debit
cash 15,500 credit
--to record maintenance expense for the period
Assembly line 42,000 debit
Cash 42,000 credit
--to record new assembly line--
Explanation:
1.- the improvements will decrease the accumulated depreciation
2.- The wing will be considered a new asset and depreciate separately
3.- the maintenance cost is cost of the period as it do not upgrade or change the productivity is a cost to maintain the current level.
4.- the assembly line will be reocgnize as an asset as increase the productive capaictive of the plant
Answer:
b.$77
Explanation:
beginning inventory 5 units
purchase september 4th 8 untis
sale for 6 units:
<u>inventory after first sale: (available at second sale)</u>
beginning used.
purchase september 4th 7 untis at $6
September 25th Sale of 12 units
<u>inventory used for second sale:</u>
September 4th 7 untis at $6
September 15th 5 units at $7
total COGS for the sale: $77
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
- Inventory and Cost of Goods
Inventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
Learn more here:
brainly.com/question/15015056
