The output level is total profit highest in the short run is 40 .
<h3>What is meant by short run ?</h3>
The idea of the short run states that some inputs will be constant while others will change over a specific period of time. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.
In the short run, certain production parameters are stable and some are flexible. Only by increasing the application of the variable factor can output be enhanced. The scale of manufacturing stays steady in the short term. The lengthy run is a time when all production factors are erratic.
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Answer:
C) Credit to Unearned Management Fees for $62,000.
Explanation:
* There is an Inconsistency with the amount of fee mentioned in Question and In options $60,000 and 62,000 respectively.
The Service fee is received in advance and the service is not been performed. You can record the revenue when you perform the service against the amount received. So, amount 62,000 will be the Unearned Management fee and it will be a liability and the Journal transaction for this event will be as follows:
Dr. Cash $62,000
Cr. Unearned Management Fees $62,000
So the correct option is C) Credit to Unearned Management Fees for $62,000.
Answer:
Tax brackets show you the tax rate you will pay on each portion of your income
Answer: When an organization uses an employment practice that results in unfavorable outcomes to a protected class it is known as the adverse impact principle.
This act takes place when a organization, wittingly or not, takes an action that will result in a individual's employment opportunity due to some elements beyond the individual's control.
Answer:
b. credit to factory overhead for $432,000.
Explanation:
Before recording the factory overhead costs we need to do the calculations which are shown below:
For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated factory overhead) ÷ (estimated direct labor-hours)
= $360,000 ÷ 30,000 hours
= $12
Now we have to find the actual overhead which equal to
= Actual direct labor-hours × predetermined overhead rate
= 36,000 hours × $12
= $432,000
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $377,200- $432,000
= $54,800 under-applied
