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Nat2105 [25]
3 years ago
10

The average variable costs of a company are equal to $20 per unit produced at its current level of output in the short run. Its

average fixed costs are equal to $30 per unit produced. The total costs at this output level are equal to $2,500.
Required:
a. What is the company’s current output level?
b. What are the total variable costs at this output level?
c. What are the total fixed costs?
Business
1 answer:
IRINA_888 [86]3 years ago
8 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of units produced:</u>

Number of units= total cost/ average unitary cost

Number of units= 2,500 / (20 + 30)

Number of units= 50 units

<u>Now, the total variable cost:</u>

Total variable cost= 50*20

Total variable cost= $1,000

<u>Finally, the fixed costs:</u>

Fixed cost= 50*30

Fixed cost= $1,500

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Where can you find information about the cost of goods sold as well as total
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The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.

<h3>What is the cost of goods sold? </h3>

Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.

A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.

Learn more about the cost of goods sold, here:

brainly.com/question/14665160

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1 year ago
In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce
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In early America, a traditional market structure existed when people bartered goods they produced for goods they needed.

Explanation:

Bartering is the mechanism between two entities without the use of cash in the exchange of trading products or services. When people trade, they are all benefited by receiving goods or services that they need or want.

Bartering does have a benefit as there is something that even people with no money could get for them. Bartering may include exchanging an object for a service.

For eg, in return for a tin of apples from either a tree in their yards you might agree to work for somebody. If you choose to trade for a need, you can save cash for other requirements.

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Answer:

<u><em>But where do we go from here? </em></u>

It depends on the result of more government intervention on quality life standards.

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<u><em>Is it a question of the quality of that involvement?   </em></u>

Yes. If government has an effective involvement there is even desirable to have its intervention but if it complicates everything then is repeled.

<u><em>Could it be smarter rather than just less? </em></u>

Yes, because it is proved that the economy acts in an effective way to good policy making.

<u><em>How can the cost of government involvement decrease?</em></u>

In this aspect it is important to mention the environmental issues in nowadasy economy. If the measurement of what is defined as "cost" is understand in the long run as conservation and balance between nature and economic explotation of resources.

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