Answer:
IF WOOL MEN CHARGES $3100 PER STUDENT,THEN CONTRIBUTION PER STUDENT=
CHARGES PER STUDENT =$3100
LESS:VARIABLE COST
SUPPLIES ($350)
ASSISTANT SALARY ($155)
($7000/45)
CONTRIBUTION $2595
COST PER STUDENT:
SUPPLIES $350
OFFICE ($7000/45) $155
INSURANCE ($40000/240*) $167
REPAIR ($32000/240) $133
AND MAINTENANCE
DEPOSIT ($60000/240) $250
TOTAL $1055
Explanation:
The given table will elaborate it more.
Answer:
Amount of depreciation expense =$5,250
Explanation:
Under the straight line method the same amount is charged as depreciation expense over the estimated useful life of the asset
Initial depreciation = cost - salvage value /number of years
= (25,000 -5000)/5
= 4000 per year
Accumulated depreciation for 4 years= 4000× 3 = 12,000
Revised depreciation = (25,000 -12,000 - 2500)/2
=$5250 per year
Amount of depreciation expense for year 4 =$5250
