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Alexxandr [17]
2 years ago
11

All manufacturing costs are assigned to units of product and all non-manufacturing costs are treated as period cost under______c

osting.
Business
1 answer:
sp2606 [1]2 years ago
3 0

Answer:

absorption

Explanation:

Manufacturing cost can be regarded as the summation of the cost of consumed resources during the production of a product. It can be divided into

direct materials cost

✓ direct labor cost

✓ manufacturing overhead.

It should be noted that All manufacturing costs are assigned to units of product and all non-manufacturing costs are treated as period cost under absorption costing.

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Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount th
NARA [144]

Answer:

C) amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus is a situation in which a consumer is willing to pay more for a product but he/she actually pays less that is he pays a lesser price compared to what he is willing to pay.

For example, a consumer is willing to pay $5 for a magazine but when he got to the mall, the price of the magazine is $4. The consumer surplus will be price he is willing to pay minus the price he bought it.

Consumer surplus= $5-$4

=$1

Consumer surplus is the difference between between the willing price of a consumer and the actual price paid(lesser than the willing price). It is a benefit to the consumer because they pay less than what is expected at the same value of satisfaction.

Consumer surplus is represented on a supply and demand curve by the area between the equilibrium price and the demand curve.

5 0
3 years ago
A sample of 51 elements is selected to estimate a 95% confidence interval for the variance of the population. The chi-square val
lorasvet [3.4K]

Answer:

Correct option: (b) 32.357 and 71.420

Explanation:

The confidence interval for population variance <em>σ</em>² is:

\frac{(n-1)s^{2}}{\chi^{2}_{\alpha/2, (n-1) }}\leq  \sigma^{2}\leq \frac{(n-1)s^{2}}{\chi^{2}_{(1-\alpha/2), (n-1) }}

Given:

n=51\\\alpha =1-0.95=0.05

Compute the critical values of chi-square as follows:

\chi^{2}_{\alpha/2, (n-1)}=\chi^{2}_{0.025,50}=71.42

\chi^{2}_{(1-\alpha/2), (n-1)}=\chi^{2}_{0.975,50}=32.36

Use the chi-square table for the critical value.

Thus, the critical values are 32.36 and 71.42.

5 0
3 years ago
How do banks make money off of the credit they issue
LenaWriter [7]

Answer:

The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban

Explanation:

3 0
2 years ago
Fitness Bands Corporation gathered the following information for Job​ #928: Standard Total Cost Actual Total Cost Direct materia
Eduardwww [97]

Question:                                      

                                                            standard total cost        Actual total cost

Direct material

Standard  2000 pints  $3.50/pint                   $7,000

Actual      2,500 pints   $5.00/pint                                                       $12,000

Answer:

Materials quantity​ variance= $1,750 unfavorable

Explanation:

<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.  </em>

<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price  </em>

                                                                                               pints

Standard quantity allowed                                                  2,000

Actual quantity used                                                           <u> 2,500</u>

Quantity variance                                                                 500 unfavorable

Standard price                                                                     <u> $3.50 </u>

Materials quantity​ variance                                               <u>1,750  </u>unfavorable

Materials quantity​ variance= $1,750 unfavorable

8 0
2 years ago
The S&amp;P 500 index delivered a return of 20%, -10%, 20%, and 5% over four successive years.
sladkih [1.3K]

Answer:

C) 8.75%

Explanation:

Number of periods = 4 years

Given return rates = 20%, -10%, 20%, and 5%

To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.

AAR = \frac{20-10+ 20+ 5}{4} \\AAR=8.75\%

Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.

4 0
3 years ago
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