The Loss recorded in the year 2 for the table is -$35,841.39.
<h3>What is the profit or loss on the table? </h3>
<u>Year 2 </u>
Monthly Cost in year $1564.29
Maintenance $0
Salary $39600
Fixed cost $0
Variable cost <u>$356.40</u>
Total cost <u>$41520.69</u>
Reimbursements = $5679.30
Profit or Loss = Reimbursements - Total cost
Profit or Loss = $5679.30 - $41520.69
Loss = -$35,841.39.
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Answer:
Total Cost of the Job $
Direct materials 480
Direct labour 150
Additional labour 100
Applied overhead 600
Total cost 1,330
The total amount to be transferred to finished goods inventory in November is $1,330.
Explanation:
The total cost of the job is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.
B) Sales Budget is the answer.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Total fixed costs= 300,000
Total costs= $450,000
Units= 120,000
A) Unitary variable cost= 150,000/120,000= $1.25
B) Units= 75,000
<u>The fixed costs remain constant no matter how many units are made (between relevant ranges).</u>
Total fixed costs= $300,000
C) UNits= 160,000
Total variable costs= 1.25*160,000= $200,000
D) Units= 180,000
Total fixed costs= 300,000
Total variable costs= 1.25*180,0000= 225,000
Total costs= $525,000
Answer:
Explanation: Money is a medium of exchange for goods and services. Money plays a large role in the economy and in the life of an individual.
The role of money include:
1. Medium of Exchange: Money is used to facilitate the sale, purchase, or trade of goods between parties. It is used as a medium of exchange for goods and services that is why Sam had to save some money so that he will have access to the car he wants.
2. Unit of Account: The value of something is measured in a specific currency. From the question, the value of each car was stated using a value of money. This will enable the buyer or seller known the value if what is to be bought or sold.
3. Store of Value: A store of value is something that people use to transfer purchasing power from the present to the future. Here, Same had saved some money which did not change in value as at when he wanted to buy the car and he also had to obtain a loan that would be paid off on a later date.