Given the linear relation: (80x-4C+2200 = 0) If x represents the number of units produced of a certain commodity, and C is the total weekly costs.What are the fixed weekly costs and the unit cost? a. Fixed costs: $2200 per week. Cost per unit: $800 b. Fixed costs: $2200 per week. Cost perunit: $4c. Fixed costs: $550 per week. Cost per unit:$20 d. Fixed costs: $20 per week. Cost per unit:$550
Q: Delta Products prepares its budgets on the basis of standard costs. A responsibility report is…
A: Cost Variance -The difference between the amount of expenses expended and the amount anticipated or…
Q: 3. (a) From the following Balance Sheet as on 31 st December 2019 and 31st December 2020. You are…
A: Cash flows statement is one of the financial statement prepared by the business. It shows all cash…
Q: If Barry's gross income was $71,490 how much does he need to pay in taxes? Use the table and…
A: Start with the gross income: $71,490Subtract the standard deduction: $71,490 - $5,700 =…
Q: The following income statement and additional year-end information is provided. Sales Cost of goods…
A: The Cash Flow Statement:A cash flow statement is a financial statement that shows the amount of cash…
Q: The procurement process for Omni Wholesale Company includes a series of activities that transforms a…
A: "Since you have asked a question with sub-parts more than three, as per guidelines, the first three…
Q: Sport Box sells a wide variety of sporting equipment. The following is information on the purchases…
A: The inventory can be valued using various methods as FIFO, LIFO and average method.Using FIFO, the…
Q: You received the latest payslip and income statement from your client. What information would you…
A: When reviewing a payslip and income statement to ensure it matches client disclosures and follows…
Q: David and Ruby are engaged and plan to get married. During 2020, David is a full-time student and…
A: Preston filling singleAnna filling singleGross income and AGI6,70055,000Standard…
Q: uring its first year of operations, Silverman Company paid $10,385 for direct materials and $11,400…
A: The income statement tells about the profitability of the business for the current period. The net…
Q: The November production of MVP's Minnesota Division consisted of batch P25 (3,000 professional…
A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a product.Total Cost Includes Cost…
Q: The par value of a stock reflects the most recent market price. O is immaterial in the majority of…
A: It is the minimum price at which each share can be issued and is essentially an arbitrary amount set…
Q: Journal entry worksheet
A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: 3. Donated Assets Brandon's Animal Rescue purchased a green energy system for their animal…
A: Journal entries are records of business transactions of the business with the help of the…
Q: Grocery Corporation received $300,652 for 12.50 percent bonds issued on January 1, 2018, at a market…
A: The bonds are issued to raise the money from the market or investors. The bonds are issued at…
Q: eBookPrintReferencesCheck my workCheck My Work button is now enabled2Item 2 During 2023, GlenTel…
A: Financial StatementFinancial statements are statements that show the activities of a business and…
Q: QUESTION 4 (S) 20 Direct material cost: ($) 20 Direct labor cost: 10 Variable production overhead 10…
A: Absorption costing is a method of costing that includes all manufacturing costs, both fixed and…
Q: Problem 8-10 Bramble Corp. lost most of its inventory in a fire in December, just before the…
A: The ending inventory is the purchased goods which remain unsold at the period end. If the inventory…
Q: Harriet, owner of an advertising agency, routinely entertains prospective business clients at the…
A: 50% deduction for meals: 50% of the cost of business-related meals at the country club may still be…
Q: Waterway Industries has adopted the following production budget for the first 4 months of 2022.…
A: The budget is prepared to estimate the requirements for the period. The direct materials budget is…
Q: Jim and Jane file jointly and have AMTI of $1,000,000 before considering their AMT exemption. What…
A: ATM ( Alternative Minimum Tax): ATM runs parallel to the standard tax system, but it has a…
Q: Mystic Masters, Inc., provides fortune-telling services over the Internet. In recent years the…
A: The financial statements are prepared using the adjusted trial balance. The financial statements of…
Q: Academy Driving School reported the following amount in its financial statements: Number of common…
A: The return on equity is calculated as net income divided by average shareholder's equity. The…
Q: Advise the directors of Shildon plc on the accounting treatment of the SARS in the year ended 30…
A: Share Appreciation Rights (SARs) is a form of incentive compensation granted to employees. SARs are…
Q: Q11. (Keep-or-Drop) AudioMart is a retailer of radios, stereos, and televisions. The store carries…
A: Income Statement :— It is one of the financial statements that shows profitability of company during…
Q: 3. The April 30 bank statement of 10A Company showed a balance of $$24,635 and memoranda: Credits…
A: The bank reconciliation statement is prepared to equate the balances of the cash book and pass book…
Q: Prasmul Company planned to use 2 gram of metal per unit budgeted at $ 152 a gram. However, the metal…
A: The variance is the difference between the standard and actual cost data. The variance can be…
Q: Compute the cost of the property, plant and equipment at the end of the current year. Explain your…
A: The cost of any asset can be computed as per the below formulaOriginal Cost = Net Value +…
Q: Required a. Compute the price indices used to calculate ending inventory at base year costs. Round…
A:
Q: What are the Step-Cost Behaviors?
A: The objective of this question is to understand the concept of step-cost behaviors in the field of…
Q: 1) Finding direct materials variances Budgeted and actual results for direct materials in June: i.…
A: There are multiple questions as well as multiple sub-parts asked in the question and only the first…
Q: Compute ending inventory by the conventional retail inventory method.
A: The retail inventory method calculates the ending inventory value through totaling the value of…
Q: Q2. While travelling to Dammam, Qassim is admitted to hospital for major car accident and need major…
A: A coinsurance reveals a specified proportion of the covered claim the insured needs to pay in case…
Q: 1. Compute the direct materials price and efficiency variances. 2. Compute the direct labor price…
A: solution:WorkingABudgeted selling price$60.00per unitStandard variable cost:BDirect material$6.00per…
Q: 1. issuance shares for 400,000 in cash 2. purchaseing equipment of 40,000 on acount 3. performaing…
A: The Journal entries are prepared to record the transactions on regular basis. The T-accounts are…
Q: Calculate Sales Volume Variance. Enter Favourable variances as a positive number and Unfavourable…
A: Answer:- Sales Volume Variance meaning:- This ratio helps in determining the impact of actual units…
Q: Analyzing Financial Data: Trend Analysis. Presented below is selected financial data for Apple Inc.,…
A: Sales revenue: It is the income generated by an organization from sale of goods or from provision of…
Q: The post-closing trial balance of Ivanhoe Corporation at December 31, 2022, contains the following…
A: Stockholder's Equity -Stockholder's Equity includes the amount contributed by shareholders issued in…
Q: What accounting information system provides?
A: An Accounting Information System (AIS) is a structure that a business uses to collect, store,…
Q: Required information P7-4 (Algo) Analyzing and Interpreting Income Manipulation Under the LIFO…
A: The LIFO (Last-In, Last-Out) method is used for determining the cost of goods sold and ending…
Q: Annuity payments are assumed to come at the end of each payment period (termed an ordinary annulty).…
A:
Q: If the additional $27,500 is spent, what are the required 2023 revenues for 2023 net income to equal…
A: Variable cost means the cost which vary with the level of output and fixed cost remain same whatever…
Q: AMNESTY PARDON Co. has a post-employment benefits plan that is considered as defined contribution…
A: Retirement benefits expense is the expense that a company incurs on their employees to save for…
Q: Describe the Scatterplot Method
A: The objective of the question is to understand the Scatterplot method, which is a graphical…
Q: Price of one bus: RM 250,000: Distance one-way 800km/day (from Changlun to Johor Bharu. One day to…
A: Total cost is the sum of all expenses incurred by a corporation to produce a given level of output.…
Q: What are the Cost Objects?
A: The objective of this question is to understand the concept of 'Cost Objects' in the field of…
Q: A Merchandising Company incurred the following costs during 2018. Prepare an Income Statement for…
A: INCOME STATEMENTIncome Statement is one of the Important Financial Statement of the Company. Income…
Q: Sweet Company's outstanding stock consists of 1,800 shares of noncumulative 5% preferred stock with…
A: Cumulative Preferred Stock is one of the type of preference shares in which it is mandatory for…
Q: Calculating Residual Income Forchen, Inc., provided the following information for two of its…
A: The residual income is the excess income earned as compared to minimum required return of income.…
Q: On 10/31 ABC purchased $500 of merchandise inventory under the terms FOB Shipping Point that is…
A: Merchandise inventory refers to the goods that a company holds for resale. When a business purchases…
Q: QUESTION 1) Data from the accounting system of Johnson Elecu provided below. All amounts reflect…
A: Balance sheet is a financial statement which shows business assets, liabilities and shareholder…
Step by step
Solved in 3 steps
- Suppose that the total cost function, in dollars, for the production of x units of a product is given by the equation shown below. C(x) = 4,500 + 30x + 0.2x² Then the average cost of producing x items is represented by the following equation. total cost 4,500 C(x) + 30 + 0.2x (a) Find the instantaneous rate of change of average cost with respect to the number of units produced, at any level of production. (b) Find the level of production at which this rate of change equals zero. X = (c) At the value found in part (b), find the instantaneous rate of change of cost and find the average cost. instantaneous rate of change of cost average cost What do you notice?A company determined that the marginal cost, C′(x) of producing the xth unit of a product is given by C′(x)=x3−2x. Find the total cost function C, assuming that C(x) is in dollars and that fixed costs are $2000.Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =
- Assume the following information:VolumeTotal Cost100 units$1,30090 units1,500106 units1,750What is the variable cost per unit? (Round answer to three decimal places.)a. $28.125b. $15.625c. $20.178d. $13.175QUESTION 1. Let the fixed cost for production of a good, F, be equal to $2,700; the labour requirement to produce one unit, a, be equal to 2 hours and the wage rate, w, be $25 per hour. Let Q stand for the number of units of output. The unit cost when Q = 1 is ________, and when Q = 3 is________: (a) $2,750 and $900. (b) $2,750 and $1,050. (c) $2,750 and $1400. (d) $2,750 and $950. Explain why. QUESTION 2. A country will choose to protect an industry to promote future comparative advantage instead of exploiting its current comparative advantage when: (a) The interest rate is high. (b) Time horizon of decision-making is long. (c) There are fixed cost in technology investments. (d) The growth rate of expertise is low. Explain why.A business has selling price of P 129.50 with an average variable cost of P 54.40. Fixed costs are P 1,400,000. Calculate the following: What is the unit contribution margin? (Answer the figures only; two decimal places)
- Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 1200 and the total revenue function R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fansThe figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars ($) 8000 7000 6000 5000 4000 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ Percent of capacity= 40 Units TR TC If the selling price per unit is $100, and the variable cost per unit is $20: FC 50 60 70 80 90 100 enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)Assume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEE
- Yanks Ltd uses the following cost function: Y = $7000 + $8.50X. If the number of units produced in a month is 200, what would be the total cost?00 Let the demand function for a product be given by the function D(q) = – 1.55q+ 220, where q is the quantity of items in demand and D(q) is the price per item, in dollars, that can be charged when q units are sold. Suppose fixed costs of production for this item are $3, 000 and variable costs are $10 per item produced. If 34 items are produced and sold, find the following: - A) The total revenue from selling 34 items (to the nearest penny). Answer: $ B) The total costs to produce 34 items (to the nearest penny). Answer: $ mth 141.docx Type here to search 直。 a. dp f6 24 & 2. 5. tab slock altThe selling price per unit of a product is OMR 5; The total cost is OMR 500 of which the fixed cost is OMR 200, and the company produced 100 units. What is the contribution per unit? . OMR 2 per unit b. OMR 5 per unit c. None of these d. OMR 3 per unit