Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine
Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000
Revenue = Sales - fixed costs - variable costs
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
Answer:
b. debit to Work in Process of $660.
Explanation:
Particulars Work in Finished Cost of Goods Sold Total
Process Goods
Manufacturing
overhead
applied during
the month 9680 9680 68640 88000
Percentage of total 11.0% 11.0% 78.0% 100.0%
Allocation of under-applied
manufacturing overhead 660 660 4680 6000
Answer:
The correct answer is $2,000.
Explanation:
According to the scenario, the given data are as follows:
Contract with Little company = $5,000
Earn from other job = $3,000
So, we can calculate the amount Kris can recover as a compensation damages by using following formula:
Amount that can be recovered = Contract with Little company - Earn from other job
By putting the value, we get:
Amount that can be recovered = $5,000 - $3,000
= $2,000
Answer:
The correct answer is (B)
Explanation:
Stagflation is a mixture of fusty monetary development, high unemployment, and high inflation. It's an unnatural circumstance since swelling should happen in a weak economy. In a typical market economy, slow development stops development. Accordingly, customer demand drops enough to prevent costs from rising. Stagflation is dangerous for economic growth and it leads a country towards depression.
The answer to your question is A
