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iren2701 [21]
3 years ago
6

Kitware Corp. produces and sells kitchen wares. Last year, it produced 7,000 can openers and sold each one for $6. To produce th

e 7,000 can openers, the company incurred fixed costs of $17,000 and a total cost of $45,000. Kitware's average variable cost to produce the 7,000 can openers was
Business
1 answer:
lana [24]3 years ago
7 0

Answer:

Average variable cost = $4 per can opener

Explanation:

The total cost is a function of the total fixed cost plus the total variable cost. If the total cost to produce 7000 can openers was $45000 and the total fixed cost was $17000, we can calculate the total variable cost to be,

Total variable cost = Total Cost - Total Fixed Cost

Total Variable cost = 45000  -  17000

Total Variable cost = $28000

The average variable cost per unit can be calculated by dividing the total variable cost incurred divided by the total number of units produced.

Average variable cost = 28000 / 7000

Average variable cost = $4 per can opener

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Answer:

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Since Elena reached her position through hard work, she only trusts herself to be able to deliver a good work. She probably thinks other people are not as qualified as her and doesn't trust their work. Elena can be described as an autocratic leader.

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3 years ago
New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi
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Answer:

b. $524.94

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4 0
3 years ago
Fatima finds an article on march 16, 2014 titled "benefits of laptops" on the technologynow website. the article was written on
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4 years ago
Read 2 more answers
Interest on a Note Payable is most appropriately accrued:_____________
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Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

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3 years ago
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