Answer:
A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Explanation:
Sales = $350,000
Cost of goods sold = $120,000
Total fixed expenses = $60,000
Total variable expenses = $100,000
Therefore,
Gross profit = Sales - Cost of goods sold
= $350,000 - $120,000
= $230,000
Contribution margin = Sales - Total variable cost
= $350,000 - $100,000
= $250,000
The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.
Answer:
1. Calculation of the Cost of the Tramel Job
Particulars Amount
Direct material cost $2,300
Direct labor cost $500
Overhead applied <u>$650 (</u>500*130)
Total cost of job <u>$3,450</u>
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2. Particulars Debit Credit
Overhead Cost $1,300
To materials $800
To Labour $500
3. The Cost of the Tramel Job will not be affected
The focus of a commercial vs. a Psa is given below
Explanation:
1.A commercial is an advertisement that airs for a specific amount of time and is paid for by a company. It is that company's intention to invest in the ad to entice people to buy. Public Service Announcements or PSA's on the other hand, are run on TV for free.
2.A Public Service Announcement (PSA) is a free “commercial” for a non-profit organization. It is aired voluntary by individual radio and/or TV stations. But To The Audience..... To the audience, a PSA is just another commercial.
3.A public service announcement (PSA) is a short, community-oriented message that radio stations air at no cost in order to fulfill their obligation to serve the public interest. ... Radio stations receive PSAs as audio files – typically recorded as :30 or :60-second messages.
Answer:
The correct answer is option E.
Explanation:
A monopoly is a market where there is only single producer or seller. There are restrictions on entry in the market. The firms in the monopoly are price makers. That is why they have a downward sloping demand curve.
There are no close substitutes for the product and there is only one seller in the monopoly.
The firm may earn profit or loss or profits in the short run based on its revenue and cost conditions.
So, all the options given are correct.
