Answer:
The equivalent units of production for the month is 11,850 units
Explanation:
The computation of the equivalent unit is shown below:
= (Completed and transferred units × completed percentage) + (ending work in progress units × completed percentage)
= (8,900 units × 100%) + (5,900 units × 50%)
= 8,900 units + 2,950 units
= 11,850 units
For computing the equivalent units,we have to consider both the units which are mentioned in the question.
Answer:
A
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce
Answer:
B. $34,000; -$1,000
Explanation:
Accounting profit equals total revenue minus explicit costs. Here,
$50,000 - $12,000 - $1,000 - $3,000 = $34,000.
Economic profit equals total revenue minus the sum of both explicit and implicit costs. Here,
$50,000 - $12,000 - $1,000 - $3,000 - $35,000 = -$1,000
Answer:
[Today’s Date]
[Hiring Manager]
[356 Company Address]
[City, State xxxxx]
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-
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Answer:
The answer is 51,500 units
Explanation:
Break-even sales is a point in which a business or a firm neither make profit nor loss. Total Revenue equals total cost. Break-even sales help to know the point at which business starts to make profit.
Break-even sales is:
Fixed cost/contribution margin.
Where contribution margin is sales price per unit minus variable cost per unit.
In the question, variable cost are decreased by $3.
So the new variable cost is $21 - $3
=$18.
Contribution margin is $24 -$18
$6
Therefore, The break-even sales (units) if the variable costs are decreased by $3 is:
$309,000/$6
=51,500 units
