Answer:
The correct answer is B.
Explanation:
Giving the following information:
26,000 units:
Total variable costs= $448,500
Fixed costs= $507,000
<u>First, we need to determine the unitary variable cost:</u>
Unitary variable cost= 448,500/26,000
Unitary variable cost= $17.25
<u>Now, the total cost for 24,000 units:</u>
Total variable cost= 24,000*17.25= $414,000
Total fixed cost= $507,000
Total cost= $921,000
Answer:
If the museum engages in price discrimination and decides to take both "contracts" (adults and students), the profit the museum will earn is $800.
And it goes like this:
Adults: 100 x $12 = 1.200
Students: 200 x $8 = 1.600
Income: 1.200 + 1.600 = 2.800 total incomes if both contracts happens in the same day.
Profit: 2.800 (Income) - 2.000 (costs) = 800 profit
Answer:
Financial institution that maintains some Treasury bind holdings sells treasury bong futures contracts. If the interest rates increase, the market value of the bond holdings will decrease and the position in futures contracts will result in a gain.
When ever interest rates in market goes up, the current value of the bonds decrease and in this case the financial institution can book a gain by selling bond treasury futures.
Hope this Helps.
Good Luck.
GDP refers to the total value of goods and services produced by resident and non-resident during a year in a country.
<h3>What is GDP?</h3>
Gross Domestic Product refer to the gross value (in terms of money) of finished goods and services produced in a country within a year by resident and non-resident in domestic territory of the country.
The above option I and II describes the factors considered for calculation of GDP, i.e. Goods produced by citizens as well as non-resident within a country.
Therefore, option c aptly describes the factors considered for calculating GDP.
Learn more about GDP here:
brainly.com/question/4131508
Answer:
Explanation:
The journal entry that would include is shown below:
Work in Progress inventory A/c Dr $125,000
Factory overhead A/c Dr $24,000
(Being labor cost is recorded)
The computation is shown below:
Work in progress = Labor expenses + whole labor expenses
=$88,000 + $37,000
= $125,000
The labor expenses are directly related to the product which means it is a direct cost
And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product
And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account
