Answer:
Sales 3,575,000
Variable Manufacturing 1,567,500
Fixed Manufacturing <u> 247,500</u>
COGS: 1,815,000
gross profit 1,760,000
Variable S&A expense 302,500
Fixed S&A expense <u> 191,250 </u>
Net Income 1,266,250
Explanation:
Absorption cost will consider unit cost only the manufacturing department cost the rest are period cost.
We solve for the fixed overhead per unit using produced units:
Fixed overhead $382,500 / 85,000 = 4.5
Then we add it to the variable cost of 28.5 and get a unit cost of $33
Wer multiply by the 55,000 units to get COGS
the rest will be period cost.
Markets provide the efficient amount of a good or service when <span>externalities and public goods are absent.
Externalities in this case refers to an unpredictable occurence such as natural disasters, and public goods refers to the goods that given from the government for lower or higher than the market price</span>
Answer:
c,d and e
Explanation:
The correct statements given in the options are as stated below:
(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.</em>
(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods</em>
(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.
<em>This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery</em>
Answer: B
Explanation: Cockroaches have a strong oily odor from them.
Answer:
<u>projects</u>
Explanation:
Remember, among the 'Project selection' stage is the first stage of the Project Process Stages. This stage typically involves examining each project and then determining which is of utmost importance.
Rather than trying to run every uncompleted project with the limited resources available which may affect the status of other projects, it is better to select the project that is most beneficial and that is feasible to complete within the stipulated deadline.
