Answer:
Option A and B
Explanation:
The company desires to estimate the cost of the job so that it can minimize it by emphasizing control. This is one of the major reasons why the companies estimate cost of the job, product or service. So option A is correct.
Option B is also correct because the companies have to form contracts with its customers and for that reason predetermined overhead rates helps a lot estimating the price of the product which the company and customer can agree upon.
Option C is incorrect because predetermined costs are estimates and estimates are not always accurate.
Option D is false because daily recording of overheads requires predetermined overhead rates which is adjusted at the month end or quarter end or year end. So its not useless at all.
First spent $7 on the item that will be - 7
Got $8 when he sold it so + 8
Bought the item for $9, so - 9
Again sold it for 10 make it + 10
Final profit will be P = - 7 + 8 - 9 + 10
Profit = $2
Answer:
Because loan has to be paid in certain period of time whereas grant is a special government plan/ scheme for farmers to motivate them to work..
Answer:
$245,700
Explanation:
Variable cost is cost thay changes with production e.g. wages
Fixed cost is cost that does not vary with production e.g. rent
Total cost = Total fixed cost + variable cost
Variable cost = $ 329,000 - $ 175,000 = $154,000
Total variable cost for 170,000 units. Average variable cost = $154,000 / 170,000 = $0.91
Total variable cost for 270,000 units = 270,000 x $0.91 = $245,700
I hope my answer helps you
Answer: $7,200
Explanation:
Maximum interest, while having full insurance, depositing $50,000 in the first financial institution at 8%. This would yield
= 8/100 * $50,000
= 0.08 * $50,000
= $4,000
Then the interest from the second financial institution would be
= 6.4/100 * $50,000
= 0.064 * $50,000
= $3,200
Summing up the interest made from each gives a maximum return of
I = I1 + I2
= $4,000 + $3,200
I = $7,200
Since the student wants full insurance coverage, the student can only earn $7,200 in interest. Not the desired $7,500.