Answer:
$10, 950
Explanation:
What is the net operating income (loss) for the month under the variable costing?
Direct materials $ 20
Direct labour 62
Variable manufacturing overheads 8
Total variable costs 90
Sales ($120 x 8, 650) $ 1, 038, 000
Variable expenses:
Variable cost of goods sold ($90 x 8650) 778, 500
Variable selling admin costs ($12 x 8, 650) 103, 800
Contribution margin 155, 700
Fixed expenses:
Fixed manufacturing overheads 135, 750
Fixed selling and admin 9, 000
Net operating profit 10, 950
Answer:
(B) A contract was formed on April 6.
Explanation:
Since in the question it is mentioned that On april 1 gina inform oscar via mail that he is offering to purchase his home. Oscar received the offer as on April 5
And on April 6 oscar give the acceptance over the mail
So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon
Therefore the option b is correct
Answer:
movement along the demand curve: i
shift in the demand curve: ii, iii, iv, vi
no effect: v
Explanation:
A change in the price of the product causes quantity demanded to change. It will be indicated by a movement on the same demand curve.
A change in other factors will cause the demand for the product to change. It is indicated by a shift in the demand curve.
i. Change in the market price: movement along the demand curve
ii. Change in income: shift in the demand curve
iii. Change in consumer expectations: shift in the demand curve
iv. Change in the price of a related good: shift in the demand curve
v. Change in the price of an unrelated good: no effect
vi. Change in preferences for this good: a shift in the demand curve
Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets
2
In numerical form on the left and written out on amount line
