Answer:
Variable cost per unit= $2.53
Explanation:
<u>Giving the following information:</u>
Month Machine hours Utility cost
January 950 $5,500
February 1,850 $7,000
March 2,500 $8,100
April 650 $3,420
<u>To calculate the unitary cost per machine hour, we need to use the high-low method:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,100 - 3,420) / (2,500 - 650)
Variable cost per unit= $2.53
Hi there
shareholders' equity=
(fixed assets+current assets)-liabilities
shareholders' equity=(700+490)−460
=730...answer
(Note that the amount of retained earnings is not provided so you must use total assets minus total liabilities to derive the correct answer)
Answer: B) Revenues minus expenses over an accounting period.
Explanation:
The Income statement lets the business know how much profit it made from its operations during the year.
It lists the revenue that was earned and then deducts all expenses that were incurred from that revenue including taxes and interest payment and then presents the net income/loss.
The first option refers to the Cashflow statement.
