Answer:
It must shut down
Explanation:
Even at the lower average variable cost, which is 3.50 dolllar will be lossing money given a market price of 3.00 dollar
Considering is not making enough to cover the variable cost the best option is to shut down and only take a hit for the fixed cost until it can totally exit the market. If it tries to produce it will only make thinks worse as producing generates more losses
Answer:
Advertising managers work to make customer's interested in a companies product.
Explanation:
Advertising Managers are in charge of the advertising aspect of a company as they direct the advertising team.
They oversee their affairs, give projects, supervise and evaluate.
Therefore, their job is to get customers interested in the product of the company.
According to my opinion, what the agent did wrong is that he asked him to write the answers of the questions two more times because when we write again and again the same thing our handwriting changes.And what the agent did right is that he influenced him to compose all that he says as he directs the data to the suspect because in this way they can see whether the handwriting matches it or not.
Answer:
The unit costs are $ 4.87 for 70 % Conversion Costs
The unit costs are $ 5.54 for finished goods
Explanation:
Total Materials cost = $ 115,080
Material Costs for one unit= $ 115,080/ 34000= $ 3.3847= $ 3.39
Conversion Costs= $ 72,072
Conversion Costs for one unit = $ 72072/34000 * 70%= $ 1.4838= $ 1.48
Total Cost per unit= $ 3.39 + $ 1.48= $ 4.87
Process Cost summary
Quantity Schedule
Materials = ($3.39 *34,000)= $ 115,080
Cost Added by Department: Total Cost Unit Cost
Materials= $ 115,080 $ 3.39
Conversion Costs
Labor + Overheads ( 1.48 * 34,000)= $ 50,320 $ 1.48
Units still in process ($ 72072- $ 50320) = $ 19,752 $0.58
Total cost to be accounted for $ 187,152 $ 5.54
Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
