Dispel Elmer fear bcdjjsjswjwjwkwkkwekenneenej
Answer:
True
Explanation:
Economic profits takes into account the impact of both the explicit costs and implicit costs. Accounting profit only considered the impact of explicit costs.
Explicit costs refers to the costs which are incurred for operating a business. It includes all the expenses for doing the transactions and can be measured in monetary terms.
Implicit costs are also defined as the opportunity costs. Opportunity costs refers to the foregone benefit that could be obtained from the next best alternative.
Economic profit = Total revenues - Explicit costs - Implicit costs
Accounting profit = Total revenue - Explicit costs
Answer:Manufacturing costs assigned to completed units = $1143192
Explanation:
Material Costs = $600 000 (added at the beginning)
Conversion costs = $642600 incurred uniformly through out the process
Units Started = 100 000
Units on hand = 8000 units 40% complete
Units completed = 100 000 - 8000 = 92000 units
Percentage of units completed = 92000/100 000 = 92%
Material costs = $600 000 x 92% = $552000
Conversion Costs = $642 600 x 92% =$591192
Manufacturing costs assigned to completed = $552000 + $591192
Manufacturing costs assigned to completed units = $1143192
Answer:
Negative linear
Explanation:
Negative linear is when two variables move in the opposite direction. Movement by one variable causes the other to move in the opposite direction. Negative linear is similar to an indirect relationship between the variable. For Bungerjoy, the variables are price and sales of hamburgers.
An observation has been made that if the price of hamburgers decreases, the sales increase. Changes in the price of the hamburgers will result in sales moving in the opposite direction. Positive linear correction is when two variables move in the same direction.