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iVinArrow [24]
3 years ago
5

Last year a business had fixed costs of £875,000 and revenue of 2.5 million. The business had total variable coats of 50,000 and

sold 100,000 units. Calculate the total costs of the business last year
Business
1 answer:
Tomtit [17]3 years ago
6 0

Answer:

Total cost of the business = £925,000

Explanation:

Solution:

Data given:

Fixed cost = £875000

Revenue generated = 2.5 million

Total variable cost = 50,000

Units Sold = 100,000

What is the total cost of the business = ?

Formula for total cost of the business is:

Total Cost = Total Fixed Cost + (Average variable cost per unit x units produced)

Here we have, Total variable cost not the average variable cost per unit.

So,

Average variable cost per unit = Total variable cost/ units produced

Average variable cost per unit = 50,000/100,000

Average variable cost per unit = 1/2 = £0.5 per unit.

Now,

Total cost of the business = Total Fixed Cost + (Average variable cost per unit x units produced)

Let's plug in the values.

Total cost of the business = 875,000 + (0.5 x 100,000)

Total cost of the business = £925,000

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victus00 [196]

Answer:

An example email to the company:

Dear Sirs:

I have recently been in contact with some sources that have told me that you baby Powder may be causing ovarian cancer. I would respectfully ask you to look into this issue, as your product may be harming young children.

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6 0
3 years ago
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For a piece of legislation to proceed to the Senate, it needs a certain number of votes. Whose job is it to organize votes by me
Zigmanuir [339]

Answer:

The Whip

Explanation:

According to my research on the process that every legislation goes through in order to proceed to the senate, I can say that based on the information provided within the question it is the job of The Whip to organize the votes. Formally known as the "assistant party leader", The Whip's primary job is to keep track and sum up the number of votes for and against a piece of legislation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
San Francisco Corporation uses two materials in the production of its product. The materials, X and Y, have the following standa
levacccp [35]

Answer:

(1) Material usage variance for X: 1,500 (Favorable)

(2) Material usage variance for Y: -19,500 (Adverse)

Explanation:

Material usage variance for X:

Standard Mix for actual Yield:

= (Standard mix of material X ÷ Yield) × Yield actual mix

= (3,500 ÷ 4,000) × 36,000

=  31,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (31,500-30,000) × $1

= 1,500 (Favorable)

Material usage variance for Y:

Standard Mix for actual Yield:

= (Standard mix of material Y ÷ Yield) × Yield actual mix

= (1,500 ÷ 4,000) × 36,000

=  13,500

Material Usage Variance:

= (Standard Mix for actual Yield- Actual Mix) × Standard unit price

= (13,500 - 20,000) × $3

= -19,500 (Adverse)

Total = (19,500) + 1,500

        = (18,000) [Adverse]

4 0
3 years ago
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the:
fenix001 [56]

Answer:

The correct answer is option ii.

Explanation:

In the case of imposition of tax on a good, the suppliers will bear the greater share of burden if the demand is more elastic than the supply.  

The imposition of tax leads to an increase in the price of the product. If the demand is more elastic, the quantity demanded will decrease to a greater extent with the increase in price.  

The supply being less elastic will change to a smaller extent, thus a greater tax burden will be borne by the suppliers.

5 0
3 years ago
Net income is shown on the end-of-period spreadsheet in the Income Statement debit column and the Balance Sheet credit column.
enyata [817]

Answer:

True

Explanation:

It is True because net income is shown in the Balance sheet as a credit account as it increases the revenues and as a  debit column in the Income Statement  of the end-of-period spreadsheet.

This entry is reversed for the net loss. It would be shown as a debit column in the Balance Sheet ( indicating an expense/ a loss) and as a credit column in the income statement.

The net income is shown as a debit column in the Income Statement  of the end-of-period spreadsheet indicating that the credits ( revenues) are more than the debits ( expenses) and we get the balance of the income after deducting the expenses from the revenues. It is entered above the debit totals.

8 0
2 years ago
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