Answer:
$10,900
Explanation:
The computation of net operating income (loss) for the month under variable costing is shown below:-
Sales = Selling price × Units sold
= $116 × 8,600
= $997,600
Variable cost = (Direct material + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses) × Units sold
= ($19 + $61 + $7 + $11) × 8,600
= $98 × 8,600
= $842,800
Contribution Margin = Sales - Variable cost
= $997,600 - $842,800
= $154,800
Fixed cost = Fixed manufacturing overhead + Fixed selling and administrative expense
= $135,000 + $8,900
= $143,900
Net operating income = Contribution Margin - Fixed cost
= $154,800 - $143,900
= $10,900
Therefore for computing the net operating income we simply applied the above formula.
Answer:
Option 2 is only correct.
Explanation:
The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.
The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.
Answer:
If Concord Corporation purchase from outside it total cost will increase by $4500.
Explanation:
Cost of producing the units using current production:
Direct Material Cost $21000
Direct Labour Cost $5500
Variable Overhead Cost $19000
Total Cost of Production $45500
So, Purchase cost minus production cost
Gives $50000 - $45500 increase in cost purchase over production by $4500
Note:
Fixed cost is irrelevant for Concord Corporation either purchase or produce it will remain same.
Answer:Hela cells represent cells of a cervical cancer used in several medical research to proffer solution to cloning,IVF, chemotherapy etc
Explanation:
Henrietta lackies died of cervical cancer and her cells ( which never stop growing or duplicating even at death,because of the malignancy)were taken without family authorization by John Hopkins to begin series of research which led to the discovery of chemotherapy treatment,polio vaccines, discovery of the exact number of human chromosomes, cloning just to mention a few.
The profits from these drugs i.e polio vaccines,IVF industry, genetics, chemotherapy treatment of cancer are known direct result of Hella cells, this are multimillion industry now.
Scientist benefitted by using Hela cells to resolve age long mysteries and problems,fact finding on human chromosomes , space exploration etc
Corporation like the fertility and pharmaceutical companies produced and sells drugs produced through research on Hela cells .
The lackies eventual discovery of the unauthorized use of Henrietta cells led to claims for the family.also cancer patients now have succour through chemotherapy which was discovered through Hela cells, infertility is now resolved through IVF ,all thanks to research on Hela
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