Answer:
the actual total direct labor cost for the current period is $425,285
Explanation:
<u>Reconciling Standard Cost to Actual Cost</u>
Standard Cost $419,000
<em>Add</em> Unfavorable direct labor rate variance $10,475
<em>Less</em> Favorable direct labor efficiency variance ($4,190)
Actual Cost $425,285
Answer:
AFC =
MC = TC
AVC =
AC =
Explanation:
The cost function is given as .
The fixed cost here is 9, it will not be affected by the level of output.
The variable cost is .
AFC =
MC = TC
MC =
MC = 2q
AVC =
AVC =
AVC = q
AC =
AC = }{q}[/tex]
AC =
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