*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.
<h3>What is a subscription agreement for a limited partnership?</h3>
The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.
<h3>What does the general partner's signature on the subscription agreement mean?</h3>
The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.
<h3>What is a recourse note in a limited partnership?</h3>
Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.
A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.
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Answer:
$518,700
Explanation:
For the computation of unadjusted cost of goods sold first we need to find out the total cost of Job F21X and cost per unit which is shown below:-
The Total cost of Job F21X = Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied
= $45,150 + $363,300 + $161,700 + $207,900
= $778,050
Cost per unit = Total cost of Job F21X ÷ Number of units
= $778,050 ÷ 10,500
= $74.10
Cost of goods sold = Completed units from Job F21X × Cost per unit
= 7,000 × $74.10
= $518,700
Answer:
As, per To the Given Information:
Minimum AVC = $10, When Quantity = 100 Hamburgers
Minimum (AC) = $15, When Quantity = 200 Hamburgers
Fixed Cost = $300
To find out the Average variable cost when the quantity of 200 hamburgers sold, we have to compute the Total Cost;
Total Cost = Average Cost × Quantity
Total Cost =15 x 200
Total Cost = 3,000
Now, Variable Cost (VC)
Variable Cost = Total Cost - Fixed Cost
Variable Cost = 3,000 - 300
Variable Cost = 2,700
Thus,
AVC when Quantity sold = 200 hamburgers
Average Variable Cost = Variable Cost / Quantity
Average Variable Cost = 2,700 / 200
Average Variable Cost =13.5
Therefore, the Average Variable Cost after selling 200 hamburgers is $13.5
