ANSWER:
A. 5
STEP-BY-STEP EXPLANATION:
A few experts deciphered the information to state that over a five-year stretch, 5 percent of units shut. Flip that around, and you have the detail that establishments have a 95 percent achievement rate over a given five years. Here's the trick: The information was not inspected, and since franchisors picked whether to address the inquiries, all things considered, the pool of respondents included more fruitful establishments than ineffective ones.
c. unit elastic
b. inelastic
d. a complimentary good
Answer:
b. inelastic
Explanation:
Answer:
Explanation:
At the equilibrium price, the quantity that buyers want to acquire is equal to what the sellers want to sell.
Answer and Explanation:
1. The Preparation of schedule of cost of goods manufactured for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods manufactured
Particulars Amount
Direct Materials:
Beginning Raw Material $11,200
Add: Raw Material purchases
during the month $32,000
Total Raw Material available $43,200
Less: Ending Raw material $20,000
Raw Material used in production $23,200
Less: Indirect Material included in
manufacturing Overhead $4,680 $18,520
Add: Direct labor $59,300
Add: Manufacturing overhead
applied to work in process $87,100
Total Manufacturing Costs $164,920
Add: Beginning Work In Process $56,000
Less: Ending Work in Process $68,500
Cost of Goods manufactured $152,420
2. The Preparation of schedule of cost of goods sold for the month is prepared below:-
Primare Corporation
Schedule of Cost of Goods Sold
Particulars Amount
Beginning finished Goods Inventory $34,900
Add: Cost of Goods Manufactured $152,420
Goods available for sale $187,320
Less: Finished Goods Inventory, Ending $43,700
Unadjusted cost of goods sold $143,620
Add: Under-applied Overhead $4,100
Cost of Goods Sold adjusted $147,720
(Under-applied overhead refers that there was less overhead applied that is Actual overheads are more than the overhead applied, thus adding to the cost of the goods sold)
To compute the cost of goods manufactured, figure out the cost of raw materials used, and sum it with the direct labor costs and manufacturing overhead costs, and adjust for work in process inventory. To determine the cost of goods sold, begin with the cost of goods manufactured, adjust for finished goods inventory, and account for under or overapplied overhead.
Firstly, to calculate the schedule of cost of goods manufactured, begin with the raw materials purchased ($32,000) and add the beginning inventory for raw materials ($11,200), then subtract the ending inventory for raw materials ($20,000). This will give you the cost of raw materials used. Then add the direct labor cost ($59,300) and manufacturing overhead cost ($87,100) to get the total manufacturing cost. Add it to the beginning work in process inventory ($56,000) and subtract the ending work in process inventory ($68,500). This ultimately yields the cost of goods manufactured.
Secondly, to determine the cost of goods sold (COGS), start with the cost of goods manufactured from the previous calculation, add beginning finished goods inventory ($34,900) and subtract ending finished goods inventory ($43,700). Finally, adjust for the underapplied overhead ($4,100).
#SPJ3
Answer:
Explanation:
Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:
$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y
16-Y+5Y=44
16+4Y=44
4Y=28
Y=7
X=16-Y=16-7=9
So, 9 bills of $1 and 7 bills of $5
Fixed
Profit
Variable
Revenue