Answer:
Break even in miles = 8800 miles per year
Explanation:
The break even in units is the number of units that must be sold in order for the total revenue to be enough to cover total costs or in order for the total revenue to be equal to the total costs.
In the given scenario, the units are miles driven and the break even in units will be the number of miles to be driven to cover total costs.
The formula for break even in units is as follows,
Break even in units = Fixed costs / Contribution margin per units
Where,
Contribution margin per units = Revenue per unit - Variable cost per unit
Contribution margin per units = 0.42 - 0.17
Contribution margin per units = $0.25 per mile
Break even in miles = 2200 / 0.25
Break even in miles = 8800 miles per year
Yes different situations call for different measures
Answer:
a) direct labor cost for job order costing and machine hours for process costing.
Explanation:
As we know that the predetermined overhead rate is the rate which is to be computed by considering the total estimated manufacturing overhead cost and the estimated activity level i.e machine hours, etc
Under the traditional costing, in case of job order costing it ts based on direct labor cost while in the process costing it is based on machine hours
Hence, first option is correct
Answer:
Budgeted Income Statement for the year
Sales (820 units × $ 2,130) $1,746,600
Less Cost of Sales (820 units × $ 1,500) ($1,230,000)
Gross Profit $516,000
Less Operating Expenses :
Selling and administrative expense
Variable (820 units × $ 75) ($61,500)
Fixed ($400,000)
Operating Profit $54,500
Less Non - Operating Expenses :
Interest ( $29,000)
Net Income / (Loss) $25,500
Explanation:
Income Statement shows the company`s performance from its operations.
Income / (Loss) = Sales - Expenses.
physically possible is the highest and best use criterion that would require an appraiser to consider the frontage of the site.
Criterion is usually a plural noun that refers to a criterion by which a judgment can be made. Its singular form is the norm, but evidence shows that the norm is often used in both singular and plural forms, as are data and agenda, and their lesser-used singular forms datum and agenda. I'm here.
For example, SAT score is the predictor and his GPA in college is the criterion. Regression analysis confirms that there appears to be a strong correlation between SAT scores and his GPA in college. However, a high SAT score does not necessarily mean a high GPA in college.
Learn more about criterion here: brainly.com/question/17192140
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