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svetoff [14.1K]
3 years ago
5

Period costs are the​ ________. A. product costs that must be paid in the accounting period in which they are incurred. B. sam

e as manufacturing overhead costs. C. operating costs that are expensed in the accounting period in which they are incurred. D. costs related to production of products.
Business
1 answer:
-BARSIC- [3]3 years ago
4 0

Answer:

C. operating costs that are expensed in the accounting period in which they are incurred

Explanation:

Non Manufacturing expenses are Period costs. Period Costs are the operating costs that are expensed in the accounting period in which they are incurred. Examples include selling and administrative expenses.

Remember All Manufacturing expenses are Product Costs and are used in Inventory Valuation, Setting Selling Prices and Profit determination.

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Jamison's gross tax liability is $7,200. Jamison had $2,625 of available credits and he had $4,400 of taxes withheld by his empl
mina [271]

Answer:

The answer is: Jamison has $175 in taxes due.

Explanation:

To determine the amount of taxes that Jamison still has to pay, we can use the following formula:

Taxes due = tax liability - (taxes withheld by employer + tax credits)

Taxes due = $7,200 - ($4,400 + $2,625) = $7,200 - $7,025 = $175

Jamison has $175 in taxes due.

7 0
3 years ago
7. Problems and Applications Q7 Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule f
In-s [12.5K]

Answer:

4 houses per month.

Explanation:

Note: See the attached file for the calculation.

Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.

From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.

Download xlsx
4 0
3 years ago
An increase in the price of oranges would lead to
Art [367]

Answer:

a movement up and to the right along the supply curve for oranges.

Explanation:

The supply curve exhibits the price and quantity.

Quantity on the x axis that reflects the quantity supplied.

Price on the y axis that reflects the price at which the particular commodity is offered.

Accordingly, when there is increase in prices of orange the y axis will move upward, also as there is increase in price the suppliers would supply more at the price, accordingly x axis will also grow.

Accordingly the supply graph will move upward in the right direction.

8 0
3 years ago
. A company produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processe
prohojiy [21]

Answer:

(a) Linear model

max\ P = 9x + 7y

Subject to:

12x + 4y \le 60

4x + 8y \le 40

x,y \ge 0

(b) Standard form:

max\ P = 9x + 7y

Subject to:

12x + 4y + s_1 = 60

4x + 8y +s_2= 40

x,y \ge 0

s_1,s_2 \ge 0

Explanation:

Given

\begin{array}{ccc}{} & {Hours/} & {Unit} & {Product} & {Line\ 1} & {Line\ 2} & {A} & {12} & {4} & {B} & {4} & {8} & {Total\ Hours} & {60} &{40}\ \end{array}

Solving (a): Formulate a linear programming model

From the question, we understand that:

A has a profit of $9 while B has $7

So, the linear model is:

max\ P = 9x + 7y

Subject to:

12x + 4y \le 60

4x + 8y \le 40

x,y \ge 0

Where:

x \to line\ 1

y \to line\ 2

Solving (b): The model in standard form:

To do this, we introduce surplus and slack variable "s"

For \le inequalities, we add surplus (add s)

Otherwise, we remove slack (minus s)

So, the standard form is:

So, the linear model is:

max\ P = 9x + 7y

Subject to:

12x + 4y + s_1 = 60

4x + 8y +s_2= 40

x,y \ge 0

s_1,s_2 \ge 0

4 0
2 years ago
One fact about all currency is that it
Deffense [45]

Answer:

Differs amounts between different countries

Explanation:

5 0
3 years ago
Read 2 more answers
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