Answer:
$36,000 and $30,000
Explanation:
Corrugated company deals in the production of cardboard boxes
The expected production for each month is 40,000 units
The direct material cost is $0.30 per unit
The manufacturing fixed overhead costs are $24,000 for each month
Therefore, the flexible budget for the production of 40,000 units and 20,000 units can be calculated as follows
Flexible budget for 40,000 units
= 0.30×40,000+24,000
= 12,000+24,000
= $36,000
Flexible budget for 20,000 units
= 0.30×20,000+24,000
= 6,000+24,000
= $30,000
Hence the flexible budget for 40,000 units and 20,000 units are $36,000 and $30,000 respectively
Answer:
c. drafting a contract illegally.
Explanation:
In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.
Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.
Answer:
b. $42,600
Explanation:
First, we calculate the total cost of college:
Now, we calculate the net income she would receive, if she didn't go to the college:
Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.
Answer:
Adjusting entry
Date Account Title Debit Credit
Interest receivables $4,000
($600,000*8%*1/12)
Interest revenue $4,000
(To record accrued interest on note)
Structures are derived data types, they are constructed using objects of other types