Answer:
The restaurant earned a profit of $1145.56 which is approximately $1146
Explanation:
the formula is given as:
Q x (sale price – material cost) – ( rental + insurance)/day - loss
Q = 200
Sale price = $10
Material cost = $4
rental = $116
insurance = $45
lost sale expense = $4
day = 25
increased demand = 212
= 200(10 - 4) - (116 + 45)/25 - (212 - 200)4
= 200(6) - 6.44 - 48
= 1200 - 6.44 - 48
= $1145.56
<em>This is approximately $1146</em>
Distributions of cash or other resources by a business to its stockholder are called DIVIDENDS. Dividend involves the distribution of a portion of a company's profits to a class of its shareholders. The amount to be distributed is usually decided by the board of directors.
Answer:
below
Explanation:
<h2><u>Multiple choice </u></h2>
If a college sets its tuition<u> below</u> the equilibrium tuition, then it will have to use some form of non price-rationing device to determine who will be accepted for admission to the college.
Answer:
Requirement 2
a) Net Operating Income (Loss) for year 1 under absorption costing = 110,600
b) Net Operating Income (Loss) for year 2 under absorption costing = 257,600
c) Net Operating Income (Loss) for year 1 under variable costing = 238,200
d) Net Operating Income (Loss) for year 2 under variable costing = 385,200
e) The cost of goods sold is always less under variable costing than under absorption costing.
Explanation:
a) Absorption Costing, also called full absorption costing, capture all costs associated with manufacturing a particular product, such that the direct and indirect costs, such as direct materials, direct labor, rent, and insurance, are fully accounted for using this managerial accounting method.
b) Variable Costing is a managerial accounting technique that assigns variable costs to inventory, so that all period (fixed overhead) costs are charged to expenses in the period incurred, while only direct materials, direct labor, and variable manufacturing overhead costs are assigned to inventory.
