Answer:
Depletion
Explanation:
The process of transferring the cost of metal ores and other minerals removed from the earth to an expense account is called Depletion
Answer:
This is correct
Explanation:
There will be two entries. One at the time of receiving cash on 1st July . That would be
Cash. B. $6600 (debit)
Unearned Rent Revenue. $ 6600 (credit)
On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.
Rent for 6 months = ( 6,600/12 )* 6= $ 3,300
The entry will be
Unearned Rent Revenue $3,300 (debit)
Rent Revenue $ 3,300 (credit)
$ 3300 will be deducted from the current liabilities on the credit side.
Rent Revenue of $3300 will be added on the credit side of the income statement.
Answer: Total product cost per unit if 12,500 units = $13.
Explanation:
Given that,
Direct labor = $2
Direct material = $3
Variable overhead = $4
Total variable cost = $9
Fixed overhead ($50,000/10,000 units) = $5
Total product cost per unit = $14
Fixed Overhead at 12500 units = 
= $4
∴ Total product cost per unit if 12,500 units = Total variable cost per unit + Fixed Overhead at 12500 units
= 9 + 4
= $13
This is an example of market development growth.
<h3>
What is market development?</h3>
- Market segmentation for existing products is identified and developed as part of a growth plan.
- A development plan focuses on non-buying clients in the segments that are already targeted.
- Additionally, it aims to reach fresh markets of clients.
<h3>What is custom?</h3>
- A custom is a long-standing behavior of an individual or group (such as a daily routine) (such as a cultural practice).
- When used as an adjective, custom designates something created to specific requirements, especially something distinctive.
- Custom-made is a synonym for it.
<h3>What is market penetration?</h3>
- When a product or service is successfully sold in a particular market, this is referred to as market penetration.
- The sales volume of an existing good or service in relation to the overall target market for that good or service is used to measure it.
<h3>What is product development?</h3>
- New product development in business and engineering refers to the entire process of launching a brand-new product, updating an already-available product, or launching a product in a new market.
- Product design, along with many commercial factors, is a key component of NPD.
<h3>What is diversification?</h3>
- Diversification in finance refers to the process of allocating capital in a way that limits exposure to any one specific asset or risk.
- Investing in a variety of assets can help lower risk or volatility, which is a frequent step towards diversification.
Therefore, this is an example of market development growth.
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Answer:
Short-run is a time limit during which at least one input can be fixed and other input quantities can be verified.
The long run is a time period in which all the inputs can be verified in quantities.
Explanation:
- Both the fixed and variable costs occur in the short term.
- There are no fixed costs in the long term.
- The combination of the output of a company results in the desired amount of the goods at the lowest possible cost is sustained by efficient long-term costs.
- The output changes variable costs. For instance, the employee's salaries and raw material costs are variable costs.
- Based on variable costs and the production rate, the short-run costs are increasing or falling. If a company manages its short-term costs well over time, the desired long-term costs and goals will more likely be achieved.
