Answer:
$2,180,000
Explanation:
For computing the production cost first we have to find out the number of units produced which is shown below:
= Sales units + ending inventory units - beginning inventory units
= 70,000 units + 30,000 units - 40,000 units
= 60,000 units
Now the total budgeted production cost is
= (Direct material per unit + direct labor per unit + variable overhead per unit) × number of units produced + fixed factory overhead cost
= ($10 + $20 + $5) × 60,000 units + $80,000
= $2,180,000
We simply applied the above formula
Answer:
$205,000
Explanation:
We know that
The ending balance of retained earnings = Opening balance of retained earnings + net income earned - dividend paid
= $145,000 + $90,000 - $30,000
= $205,000
By considering the above formula, we can easily find out the ending balance of retained earnings by taking opening balance, net income and dividend amount
Answer:
<em>zero economic profits; lesser or smaller</em>
Explanation:
<em> Long-run is basically comes in form when the cost which is been spent by the industry remains equal to the money which has been earned by the industry.</em>
<em>If every firm in the industry will be adopt costly antipollution devices, then the firm will be earn </em><u>zero economic profits</u><em> and the industries will able to produce in </em><u>lesser or smaller</u> <em>quantity of outcome. </em>
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4