<em>Answer: The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources</em>
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<em>Explanation:</em>
C i think it is the most flexebel
Answer:
<u>FIFO</u>
total ending inventory 11,080
COGS 10,200
<u>LIFO</u>
ENDING 10,200
COGS 9,480
For taxes reasons it would be better to use FIFO as the COGS is higher then, less income taxes
The higher net income will be with the method of lower COGS which is LIFO
Explanation:
beginning 100 at 78
40 at 80
60 at 82
40 at 94
<em>FIFO </em>
the ending inventory will be the last units: as the first are being sold
40 at 94
60 at 82
30 at 80
<u>total ending inventory 11,080</u>
<u>COGS</u>
100 at 78 and 10 at 80 = 10,200
<em>LIFO</em>
here the ending inveotry are the first unit while the COGS the last:
ending
100 at 78
30 at 80
ENDING 10,200
<u>COGS</u>
40 at 94
60 at 82
10 at 80
total 9,480
Answer:
Effect on income= -$22,000 decrease
Explanation:
Giving the following information:
Contribution margin $30,000
Fixed expenses ($40,000)
Net operating loss ($10,000)
<u>If a product line provides a positive contribution margin, generally it is convenient to continue production, at least in the short term.</u>
<u></u>
Effect on income= avoidable fixed costs - contribution margin
Effect on income= 8,000 - 30,000
Effect on income= -$22,000 decrease
