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Luba_88 [7]
2 years ago
13

An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________. Group of an

swer choices accounting profit; including opportunity cost opportunity cost; including economic profit accounting profit; excluding opportunity cost economic profit; excluding opportunity cost
Business
1 answer:
solmaris [256]2 years ago
8 0

Answer:

<em>An </em><em><u>accounting</u></em><em><u> </u></em><em><u>profit</u></em><em> is calculated by subtracting the firm's costs from its total revenues, </em><em><u>excluding</u></em><em><u> </u></em><em><u>opportunity</u></em><em><u> </u></em><em><u>cost</u></em>

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Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year.
andrew-mc [135]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Fusaro Corporation uses a predetermined overhead rate base on machine-hours.

Estimated total fixed manufacturing overhead= $684,000

Estimated activity level= 40,000 machine-hours

Actual activity level 37,700 machine-hours

First, we need to calculate the predetermined overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 684,000/40,000= $17.1 per machine hour

Now, we can allocate the manufacturing overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 17.1* 37,700= $644,670

5 0
2 years ago
what is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services?
Salsk061 [2.6K]

Procurement  is the supply chain function that receives inputs from the demand plan to procure materials, equipment, and services.

The process of organizing the many tasks necessary to create and distribute goods and services to a company's clients is known as supply chain management. The transfer of raw materials from the supplier to the producer to the final delivery to the customer is all included in the supply chain. Designing, farming, manufacturing, packaging, and transportation are a few examples of supply chain operations. A supply chain is the entire process of getting a finished good or service to the client. It may be necessary to obtain raw materials, convey them to the production facility, and then deliver the finished products to a customer.

Learn more about supply chain from

brainly.com/question/25160870

#SPJ4

4 0
1 year ago
A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying
Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify <em>major areas of commerce and location.</em>

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0
3 years ago
True or False: If Van's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decreasin
S_A_V [24]

Answer:

False

Explanation:

As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.

The supply and demand are inversely proportional and does not depend on change of price in a competitive market.

Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.

Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.

But since the change will never be in same proportion to change in price.

Thus, the statement above is false.

5 0
3 years ago
Lester's Fried Chick'n purchased its building 11 years ago at a cost of $189,000. The building is currently valued at $209,000.
liberstina [14]

Answer:

$251,000

Explanation:

The computation of the total  book value of the firm's assets is shown below:

= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital

= $189,000 + $56,000 - $49,000 + $36,600 + $18,400

= $251,000

We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come

4 0
3 years ago
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