Answer:
Value of the ending inventory is $ 16,340
Explanation:
<em>The variable costing method is also known as the </em><em>marginal costing method,</em><em> under this method production units and inventories are valued using the variable cost per unit.</em>
Variable cost per unit = D. Material cost+ Direct labour cost + Variable Overhead
To value the closing inventory of the company, we follow the steps below:
Step 1
<em>Calculate the variable cost per unit</em>
= $13.10 + $4.10 = $17.2
Step 2
<em>Calculate the closing inventory</em>
Closing inventory = Opening Inventory + purchases - Sales
= 0 + 5,100 -4,150 = 950 units
Step 3
<em>Value the closing inventory</em>
= VC/unit × units
= $17.2 × 950
= $ 16,340
Value of the ending inventory is $ 16,340
Answer:
$29,400; $29,400 and $18,400
Explanation:
Value of parcel of land = $69,800 with a basis = $58,800
Harry's basis is equal to cash contributed which is $29,400
Hermione's basis is equal to cash contributed which is $29,400
Ron's basis = Basis of parcel of land - Mortgage value
= $58,800 - $40,400
= $18,400
Answer:
8.33%
Explanation:
The computation of the unemployment rate is shown below;
Before computing it, first we have to determine the labor force which is
As we know that
Labor force participation rate = Labor force ÷ Total non-institutionalized adult population
75% = Labor force ÷ 4,000,000
So, the labor force is
= 4,0000,000 × 0.75
= 3,000,000
Now unemployment rate is
= Unemployed people ÷ Labor force
= 250,000 ÷ 3,000,000
= 8.33%
Answer:
<em>The Constitution contains the most important rules of our political system. It protects the rights of the people inside the country, and it explains their obligations. </em>
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At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.
For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.
Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.
The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.
To know more about marginal revenue here:
brainly.com/question/13383966
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