Answer:
$20,000
Explanation:
Calculation for Sweet's economic profit
First step is to calculate the Explicit Costs
Using this formula
Explicit Costs = Rent on building +Payment of Salary to employees + Utilities + Goods bought
Let plug in the formula
Explicit Costs = ($30,000)+ ($40,000) + ($20,000) +($10,000)
Explicit Costs =$100,000
Last step is to calculate Sweet's economic profit
Using this formula
Economic profit = Total Revenue – (Explicit Costs + Implicit Costs)
Let plug in the morning
Economic profit = $135,000 - $100,000 - $15,000
Economic profit= $20,000
Therefore Sweet's economic profit will be $20,000
Answer:
2.49 times
Explanation:
The computation of the current ratio is shown below:
Current ratio = Total Current assets ÷ total current liabilities
where,
Total Current assets = $147,000
And, the total current liabilities = $59,000
So, the current ratio is
= $147,000 ÷ $59,000
= 2.49 times
By dividing the total current assets by the total current liabilities we can get the current ratio and it always be expressed in a ratio
Answer:
- Strengthen security forces where vandalism is most prevalent.
-Horizontal directional drilling (HDD) technology in all of its pipelines. HDD, or slant drilling DEFINITION-practice of installing underground pipes without the need to dig trenches, as pipes are pulled along a prescribed bore path made through surface-launched drilling rigs.
-Technology like SCADA to minimise response time and know exactly where the pipeline vandalism is taking place.
Explanation:
Answer:
$7,400
Explanation:
Given the above information, the total factory overhead cost would be computed as;
Total factory overhead costs = Indirect materials + Indirect labor + Maintenance of factory equipment
= $1,200 + $4,200 + $2,000
= $7,400
Hence, the total factory overhead costs is $7,400
Answer and Explanation:
1. The classification of estimated manufacturing overhead is shown below:-
Direct materials = Product cost
Direct labor = Product cost
Manufacturing overhead = Product cost
Selling expense = Period cost
2. The computation of total product cost for last month is shown below:-
= Direct materials + direct labors + manufacturing overhead
= $7,000 + $3,000 + $2,000
= $12,000
3. And, the unit product cost is
= Total product cost ÷ number of units
= $12,000 ÷ 4,000 units
= $3 per unit
