During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per unit, Direct labor, $4 per unit, Variable overhead, $5 per unit, and Fixed overhead, $240,000. The company produced 30,000 units, and sold 20,000 units, leaving 10,000 units in inventory at year-end. Income calculated under variable costing is determined to be $370,000. How much income is reported under absorption costing?
a. $370,000
b. $290,000
c. $610,000
d. $450,000

Answers

Answer 1

Answer: d. $450,000

Explanation:

In absorption costing, the fixed costs are absorbed by the products so that the cost of goods sold is inclusive of fixed costs.

First find the fixed overhead for the ending inventory:

= Fixed overhead per unit * Number of units in ending inventory

= 240,000 / 30,000 * 10,000

= $80,000

This is the fixed overhead that is deferred to the next year.

Income under absorption costing = Income under variable costing + Fixed overhead deferred:

= 370,000 + 80,000

= $450,000


Related Questions

Blue expects to begin selling the product next year. If Blue elects to amortize research and experimental expenditures over 60 months, determine the amount of the deduction for research and experimental expenditures for the current year.
a. $0
b. $118,000
c. $143,000
d. $152,000

Answers

Part of the question

Blue Corporation incurred the following expenses in connection with the development of a new product:

Salaries $100,000

Utilities 18,000

Materials 25,000

Advertising 5,000

Market survey 3,000

Depreciation on machine 9,000

Answer:

a. $0

Explanation:

From the question, we have the qualified research expenditures to be

=> $100,000 + $18,000 + $25,000 + $9,000 = $152,000

Also, given that under the election to amortize, the monthly amortization is

=> $152,000 ÷ 60 months = $2,533

Hence, given that, sales will not start until next year, there is no deduction for the current year, which implies that the right answer is $0

If management adopts Ryan's suggestion of reducing Frozen Fun Ice Cream's charitable donations until profits grow, the company will essentially reduce its

Answers

Answer:

Corporate philanthropy

Explanation:

In simple words, Corporate philanthropy can be understood as the act of a business donating to nonprofit organisations through contributions, volunteers, sponsorship, as well as other means to assist them achieve their goals. The issue is that not enough organisations understand how to benefit from corporate generosity.

Thus, from the above we can conclude that Ryan's suggestion will reduce the company's Corporate philanthropy.

Equipment was purchased for $151000. Freight charges amounted to $6000 and there was a cost of $14000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $36000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be

Answers

Answer: $27000

Explanation:

The formula for straight line depreciation will be:

= (Cost of asset - Salvage value) / Useful life of asset

Cost of asset = $151000 + $6000 + $14000 = $171000

Straight line Depreciation = ($171000 - $36000) / 5

= $135000/5

= $27000

Assuming a specific single project with normal cash flows and a cost of capital of 10%, which of the following statements will ALWAYS be true?

a. If NPV > 0 at the stated cost of capital (i.e., 10%), then NPV will also be > 0 at a cost of capital of 12%.
b. If NPV > 0, then Profitability Index > 0.
c. If NPV > 0, then Payback Period > 0.
d. If NPV > 0, then a simple sum of the cash inflows of the project will always be greater than the cost of the project (i.e, the year 0 cash flow).
e. If NPV > 0, then IRR > 0.

Answers

Answer:

b. If NPV > 0, then Profitability Index > 0.

c. If NPV > 0, then Payback Period > 0.

d. If NPV > 0, then a simple sum of the cash inflows of the project will always be greater than the cost of the project (i.e, the year 0 cash flow).

e. If NPV > 0, then IRR > 0

Explanation:

The net present value shows the net worth of the assets or the project at the discount rate or the cost of capital. In the case when the net present value comes in positive so the internal rate of return should be more than the cost of capital

Also the profitability index lies between -1 and +1 so if the net present value is positive so the profitability should be more than 1

Hence, b to e statements are correct

Assuming no change in government spending, an decrease in taxes of $100 billion with an MPC of 0.90 will add a total of $_____________ billion to the economy after the multiplier effect.
A. 800
B. 400
C. 500
D. 900

Answers

Answer:

D. 900

Explanation:

MPC = 0.90

The multiplier = MPC \ {1 - MPC} = 0.90 / (1-0.90) = 0.90 / 0.10 = 9

The Effect = Decrease in taxes * Spending multiplier

The Effect = $100 * 9

The Effect = $900

So, an decrease in taxes of $100 billion with an MPC of 0.90 will add a total of $900 billion to the economy after the multiplier effect.

You are planning to save for retirement over the next 30 years. To do this, you will invest $700 a month in a stock account and $400 a month in a bond account. The return of the stock account is expected to be 7.5 percent, and the bond account will pay 5.5 percent. When you retire, you will combine your money into an account with a 2.5 percent return. How much can you withdraw each month from your account assuming a 25-year withdrawal period?
a. 5.545.73.
b. 6,081.31.
c. 5,870.85.
d. 6.205.66

Answers

Answer:

Monthly withdraw= $5,870.6

Explanation:

Giving the following information:

Stock:

Monthly deposit= $700

Interest rate= 0.075/12= 0.00625

Number of periods= 30*12= 360

Bond:

Monthly deposit= $400

Interest rate= 0.055/12= 0.0045833

Number of periods= 30*12= 360

First, we need to calculate the value of the investment at the moment of retirement:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Stock:

FV= {700*[(1.00625^360) - 1]} / 0.00625

FV= $943,211.797

Bond:

FV= {400*[(1.00458^360) - 1]} / 0.00458

FV= $365,447.415

Total FV= $1,308,659.212

Now, the monthly withdrawal:

Interest rate= 0.025/12= 0.002083

Number of periods= 25*12= 300

Monthly withdraw= (FV*i) / [1 - (1+i)^(-n)]

Monthly withdraw= (1,308,659.212*0.002083) / [1 - (1.002083^-300)]

Monthly withdraw= $5,870.6

During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. How much raw materials were transferred to production during 2017 for Benson

Answers

Answer:

Raw Materials transferred to production during 2017 $1,466,000

Explanation:

The computation of the raw material transferred to production is given below:

Opening raw material 2016 $80,000

Add : Purchase of Raw material $1,450,000

Less Closing Stock raw material 2017 $64,000

Raw Materials transferred to production during 2017 $1,466,000

Hence, the same should be relevant

Imagine that you are operating a Chinese clothing retail chain and you wish to enter the Italian market in order to access the latest fashion designs and trends from Italy. To meet this goal, it is important to have strong control and coordination of your Italian operations and to be able to easily transfer tacit knowledge back to China. Based on this information what entry mode would you choose to enter Italy?
a. Wholly owned subsidiary
b. Exporting
c. Franchising
d. Strategic alliance
e. Licensing

Answers

Answer: a. Wholly owned subsidiary

Explanation:

The only method listed that would give you strong control and coordination of the new business in Italy is that of a wholly owned subsidiary. You would have a 100% control over such a company and could do what you wanted with it including transferring knowledge back to China without impediment.

Exporting provides little control. Franchising provides limited control. Strategic alliance means that you have to share control with another entity and licensing provides only limited control as well.

Job 243 $5,750 Job 244 $4,980 Job 245 $3,675 Job 246 $4,250 Job 247 $5,100 Job 248 $3,800 Jobs 243 and 244 were in finished goods inventory at the beginning of the month. Jobs 245 and 246 were in work in process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of the month, Jobs 243 and 244 were sent to customers; Jobs 245, 247, and 248 were completed and sent to finished goods. What is the cost of goods sold for the month

Answers

Answer:

The cost of goods sold for the month is:

= $10,730.

Explanation:

a) Data and Calculations:

Finished goods inventory at the beginning of the month:

Job 243 $5,750

Job 244 $4,980

Work in process inventory at the beginning of the month:

Job 245 $3,675

Job 246 $4,250

Jobs started during the month:

Job 247 $5,100

Job 248 $3,800

Cost of goods sold:

Job 243 $5,750

Job 244 $4,980

Total     $10,730

Finished Goods inventory ending balance:

Job 245 $3,675

Job 247 $5,100

Job 248 $3,800

Work in Process inventory ending balance:

Job 246 $4,250

Yams Company reports the following operating results for the month of August: sales $400,000 (units 5,000), variable costs $240,000, and fixed costs $90,000. Management is considering the following independent courses of action to increase net income.

1. Increase selling price by 10% with no change in total variable costs or units sold.
2. Reduce variable costs to 55% of sales.

Required:
Compute the net income to be earned under each alternative. Which course of action will produce the higher net income?

Answers

Answer:

Yams Company

Alternative 1: Increasing the selling price by 10% with no change in total variable costs or units sold will produce the higher net income.

Explanation:

a) Data and Calculations:

                                                          Total         Unit   Quantity

Sales for the month of August = $400,000     $80        5,000

Variable costs =                            $240,000       48        5,000

Fixed costs =                                  $90,000

Alternatives to increase net income:

                                       Alternative 1        Alternative 2

Sales revenue                  $440,000            $400,000

Variable costs                    240,000              220,000

Contribution margin       $200,000             $180,000

Fixed Costs                         90,000                 90,000

Net income                      $110,000               $90,000

PLEASE HELP! WILL MARK BRAINLIEST!! 10 POINTS
Assume a visitor from another nation decides to open a checking account at J & R National Bank. The visitor deposits $20,000 that is new money to the Macro Islands economy. The central bank has set a required reserve ratio of 10%.
What is the change in the total amount that J & R National Bank can loan out? Explain.
Calculate the total amount that the bank can create? (Calculate means show your work.)
Now assume that the Macro Islands government decides to increase spending to fund new projects that will bring in more visitors. Explain what will happen to the demand for loanable funds and real interest rates as a result.

Answers

Answer: a)$18,000 and b)$200,000

Explanation:

a) Deposit = $20,000

Reserve=10%

=10%x20,000 =$2,000

Loan - Deposit = 20,000-2,000 = 18,000

b) 1/Req. Rate Return* loan amount

20,000/10% =$200,000

This encourages spending so there is a shift up and to the right.

As the government increases spending, demand for loans increases and therefore increases the interest rates.

I welcome Brainliest thanks.

The opportunity cost of holding money Group of answer choices varies inversely with the interest rate. varies directly with the interest rate. varies inversely with the level of economic activity. s zero because money is not an economic resource.

Answers

Answer:

Varies directly with the interest rate.

Explanation:

Varies directly with the interest rate.

The opportunity cost of holding the money will be the earning that can be made by investing the money. Basically, it is the interest rate that an investment provides when money is invested. If the money is not invested and it just held then the interest rate that could be earned is the opportunity cost.

Required information Skip to question [The following information applies to the questions displayed below.] The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TTT (a) collected $420 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $204 million of services on these subscriptions in 2018, and (c) provided $216 million of services on these subscriptions in 2019. Required: Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.)

Answers

Answer:

The solution to the given question is defined in the attached file please find it.

Explanation:

Exercise 6-1B Calculate cost of goods sold (LO6-2) A company begins the year with inventory of $53,000 and ends the year with inventory of $43,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 $ 208,000 Purchase on May 6 128,000 Purchase on September 8 158,000 Purchase on December 4 408,000 Required: Calculate cost of goods sold for the year.

Answers

Answer: $912,000

Explanation:

The cost of goods sold for the year will be:

Beginning inventory = $53,000

Add: Purchases = ($208,000 + $128,000 + $158,000 + $408,000) = $902,000

Cost of goods available for sale = $955,000

Less: Ending inventory = ($43,000)

Cost of goods sold = $912,000

Kim Thorsten uses rationale to make decisions for project implementation. She believes that the right decisions can be made only through analysis and examination. Each time she needs to make a decision, she weighs all options before taking action. Which of the following is a characteristic of Thorsten's personality type according to the Myers-Briggs Type Indicator (MBTI) classification?
a. intuitive
b. thinking
c. introverted
d. perceiving
e. feeling

Answers

Answer: b. thinking

Explanation:

Kim Thorsten has the personality type known as thinking. People like her are logical when they make decisions which means that they rely less on emotion and use rationale and evidence to make decisions.

These people are pragmatists and will only make a decision that they believe is objectively the best one after considering other options. This is what Kin does and why she is under thinking.

Item10 1 points Time Remaining 50 minutes 15 seconds00:50:15 Item 10 Time Remaining 50 minutes 15 seconds00:50:15 A long-term asset is recorded at the: Multiple Choice Additional costs to get the asset ready for use. Cost of the asset. Cost of the asset less all costs necessary to the asset ready for use. Cost of the asset plus all costs necessary to the asset ready for use.

Answers

Answer:

Cost of the asset plus all costs necessary to the asset ready for use.

Explanation:

The long term asset such as plant & machinery, land & buildings, furniture & fixtures, goodwill, copyrights,patent should be recorded at the cost price also the cost that are required and relevant to the asset for the purpose of ready it for usage are also involved

So as per the given situation, the last option is correct

And, the same should be considered

Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end.
Accounts Debits Credits
Cash $ 10,300
Accounts Receivable 9,500
Supplies 2,000
Prepaid Rent 7,200
Equipment 90,000
Accumulated Depreciation $ 12,000
Accounts Payable 7,700
Salaries Payable 0
Interest Payable 0
Utilities Payable 0
Notes Payable 20,000
Common Stock 45,000
Retained Earnings 19,000
Service Revenue 42,200
Salaries Expense 24,500
Interest Expense 0
Rent Expense 0
Supplies Expense 0
Utilities Expense 2,400
Depreciation Expense 0
Totals $ 145,900 $ 145,900
Information necessary to prepare the year-end adjusting entries appears below.
a. Depreciation of equipment for the year is $6,000.
b. Accrued salaries at year-end should be $2,100.
c. Crimson Tide borrows $20,000 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 12%.
d. Unused supplies at year-end total $700. Crimson Tide debits Supplies at the time supplies are purchased.
e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $7,200 ($600 per month) debiting Prepaid Rent.
f. Unpaid utilities for December total $200.
Required:
1) Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.
2) prepare an adjusted trial balance.
3a ) prepare an income statement for the year end december 31,2018.
3b) prepare a statement of sharholders equity for the year ended decmber 31,2018.
3c) prepare a classified balance sheet for the year ended december 31, 2018.
4) record the closing entries.
5) prepare a post-closing trial balance.

Answers

Answer:

asdasd sadad asd asdas 2 212 313135 54 554 dsa asd sad  asa sd  

Explanation:

Comet Company is owned equally by Pat and his sister Pam, each of whom holds 100 shares in the company. Pam wants to reduce her ownership in the company, and it was decided that the company will redeem 50 of her shares for $1,000 per share on December 31, 20X3. Pam's income tax basis in each share is $500. Comet has total E&P of $250,000. What are the tax consequences to Pam as a result of the stock redemption?
a) $25,000 capital gain and a tax basis in each of her remaining shares of $100.
b) $50,000 dividend and a tax basis in each of her remaining shares of $50.
c) $50,000 dividend and a tax basis in each of her remaining shares of $100.
d) $25,000 capital gain and a tax basis in each of her remaining shares of $500.

Answers

Answer:

d) $25,000 capital gain and a tax basis in each of her remaining shares of $500.

Explanation:

Calculation to determine the tax consequences to Pam as a result of the stock redemption

Using this formula

Capital gain = Total amount - Tax basis

Let plug in the morning

Capital gain = (50 * $1,000) - ($500 * 50)

Capital gain = $50,000 - $25,000

Capital gain = $25,000

Since the Capital gain is $25,000 which means that The tax basis will be income tax basis in each share of $500 for the remaining 50 shares.

Therefore the the tax consequences to Pam as a result of the stock redemption will be:$25,000 capital gain and a tax basis in each of her remaining shares of $500.

Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold every month at a price of $6 per case. After the tax, 39 million cases of cola are sold every month; consumers pay $7 per case (including the tax), and producers receive $3 per case (after paying the tax).
The amount of the tax on a case of cola is___per case. Of this amount, the burden that falls on consumers is____per case, and the burden that falls on producers is____per case.
The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
A. True
B. False

Answers

Answer:

$4

$1

$3

b

Explanation:

Tax is a compulsory amount levied on goods and services. Taxes increase the price of a good

The type of tax stated here is a sales tax

A sales tax is an example of consumption tax. It is levied on the sales of goods and services

Tax on the case of cola = Amount paid by consumers after tax - amount received by producers

7 - 3 = 4

Tax paid by consumers = amount paid by consumers after tax - amount paid before tax

$7 - $6 = $1

Tax paid by suppliers = 4 - 1 = $3

Read the following request message, and then answer the question.

To: Customer Support
From: Helen Martin
Subject: Warranty Information for Netbook Computer
Dear Customer Service,
I need this information by noon tomorrow at the latest. My team has an important presentation to give, and my netbook crashed while we were working on the presentation. I can’t find the warranty information anywhere. So I have a few questions. Where is my warranty information? How long does it normally take to repair these machines? Do I have to mail the netbook to you, or can I bring it to your local repair shop? Will you please answer these questions in a timely manner? Thank you in advance for your help.

Regards,
Helen Martin

Revision A:
1. Where do I find my warranty information?
2. How long does the average netbook repair take?
3. Do I need to mail in my netbook for repairs or bring it to your local repair shop?

Revision B:
Where is my warranty information? How long does the average repair take? Do I have to mail in my netbook?

Revision C:
Where do I find the information?
How long does it take?
Can I take it to my local shop?

Which of the preceding revisions is the best revision for the body of this message?

A. Revision B
B. Revision C
C. Revision A

In addition to making requests, you will have to respond to requests in the business world.

Complete the following sentence with the dropdown menu.
Direct response messages might _______?

a. include long, flowery descriptions
b. use the "me" view
c. supply explanations and additional information

Answers

Answer:

?

Explanation:

During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed costs amounted to $729,000 and pretax income was $999,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question

Answers

Answer:

$2,889,000

Explanation:

Sales units = 270,000 units

Sale Price = $17.10

Fixed cost = $729,000

Sales Value = 270,000 * $17.10

Sales Value = $4,617,000

Contribution Margin = Sales- Fixed cost

Contribution Margin = $4,617,000 - $729,000

Contribution Margin = $3,888,000

Variable Cost = Contribution margin- Pretax income

Variable Cost = $3,888,000 - $999,000

Variable Cost = $2,889,000

So, $2,889,000 is the amount that should have been reported as variable costs in the company's contribution margin income statement for the year in question.

All companies try to have happy workers as they know the relationship between satisfaction and performance. This is why they are focusing on motivating their employees in a variety of ways. From what you have learned please suggest what companies should do to have a working place that could effectively motivate their employees.

Answers

Answer:

1. Reward and incentivize workers

2. Set smaller weekly or biweekly goals for them.

3. Foster trust between the managers and workers.

Explanation:

In order to have workers who are motivated to put in their best in the company, employers should take certain positive actions. These actions include;

1. Reward and incentivize workers: Rewards which could be monetary, as word of praise, or formal recognition can move workers to give their best. Humans are motivated when their efforts are recognized and praised. Therefore, incentivizing workers is a good way to get them motivated.

2. Set smaller weekly or biweekly goals for them: Setting humongous goals and targets can scare off and pressurize the workers. But when these large goals are broken into smaller goals, they can then be motivated to reach those goals.

3. Foster trust between the managers and workers: When workers have a sense of belonging and know that they are trusted, they will be in a more relaxed frame to achieve their goals. Unwarranted allegations and suspicions can put the workers on edge.

Because of the compounding effect:

a. large yearly growth rates are needed to achieve sustained growth.
b. large yearly growth rates are needed to achieve sustained growth.
c. small changes in economic growth rate lead to large GDP changes over time.
d. small changes in economic growth rate lead to large GDP changes over time.
e. interest compounding allow the economy to grow faster.

Answers

Answer: c. small changes in economic growth rate lead to large GDP changes over time.

Explanation:

If there is even a small change in the rate at which the economy is growing, this increase will increase by even more the year afterward and then even more as time goes on. This is because the interest is being compounded overtime.

Look at the future value formula that shows compounding for instance:

Future value = Amount * (1 + rate) ^ number of periods

Assume even a change of 2% in the growth rate. In 30 years, this rate would have increased the economy by:

= 1 * ( 1 + 2%)³⁰

= 1.81

Which is a rate of:

= 1.81 - 1

= 81%

What started off as only 2% became 81% in 30 years. This is what compounding does.

An employee earned $1,000 in the first pay period of the current year. How much is the total employer and employee social security taxes on these earnings? (Use the simplified rate shown in illustrations.)

Answers

Answer: $120

Explanation:

The total employer and employee social security taxes is 6% fir the employee and 6% for the employee which then makes up 12%.

Since the employee earned $1,000 in the first pay period of the current year, then the total employer and employee social security taxes on these earnings will be:

= 12% × $1000

= 0.12 × $1000

= $120

anh chị hãy phân tích phản ứng của người tiêu dùng trong lần tăng giá xăng gần đây nhất

Answers

Answer:

translate into English

On November​ 1, Equipment had a beginning balance in the Office Supplies account of . During the​ month, purchased of office supplies. At November​ 30, Equipment had of office supplies on hand.

Required:
The Office Supplies​ T-account has been opened for you. Post the beginning balance and purchase of office supplies. ​

Answers

Answer:

T-account entry:

                                                       Office Supplies

Dr                                                                                                                       Cr

Nov. 1   Balance b/d             $1,700

Nov.      Purchases               $2,000

Which of these are NOT an example of a Nonforfeiture option?

Extended Term

Reduced Paid-up

Cash Surrender

Life Income

Answers

Answer: Life income

Explanation:

A nonforfeiture option means that even if the person stops paying for the insurance for a little while, they can still receive the full benefit of the policy or at least part of it.

Life income is an insurance type that provides the beneficiary with an income for the rest of their life. This does not have a nonforfeiture clause which means that if there is a lapse in payment, the beneficiary will receive no benefit.

The option that isn't an example of a non-forfeiture is the life income.

A non-forfeiture clause simply means that the policyholder will still get the benefit that the insurance company should pay the person even when the policy lapses.

In a non-forfeiture option, even if the person misses out on some premium and doesn't pay in time, they'll still get the value of the policy.

It should be noted that the life income isn't a example of the non-forfeiture option since it can't be gotten if the policy lapses due to the fact that the premium wasn't paid.

In conclusion, the correct option is D.

Read related link on:

https://brainly.com/question/24277455

You are closing the accounts you used to bill the project costs, but you still have some lingering expenses. Which best practice should you follow?

Answers

Project management and managing finances are often seen as two separate things. On the face of it, this makes sense. After all, projects focus on the delivery of assets and accounting on recording and interpreting financial transactions.

But, these two aspects on their own only tell half the story. The success of any project relies on project management and billing working together.

Answer:

Close all accounts except for the one related to the follow-up activities until the remanding expenses are complete.

Explanation: You never what to close out an account when the project has not been completed. If you still have remanding expenses the project is not complete.

Country A and Country B have had an informal trading arrangement for many years wherein merchants on the border of the countries may freely trade goods without the restriction of fees. Which of the following is true?

a. The government of Country A may not arbitrarily begin to charge fees for items brought in from Country B.
b. Country A and Country B have a binding agreement to this arrangement under customary international law.
c. Country A and Country B have no binding agreement under customary international law.
d. More than one response is correct.

Answers

Answer:

d. More than one response is correct.

Explanation:

Even though international law does not follow common law, and informal agreements are not enforceable between countries, they tend to facilitate the relationship between them. For example, Canada and the US do not have a strict border patrol and no one is asking for a wall to be built on the Canadian border. It is accepted that US and Canadian citizens cross almost freely as tourists. If someone tried to enforce a strong border policy, the other government would oppose it and it would turn into a diplomatic mess and would probably not be enforceable at all.

High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
Total Costs Units Produced
January $1,900,000 20,000 units
February 2,250,000 27,000
March 2,400,000 30,000
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.
a. Variable cost per unit $
b. Total fixed cost $

Answers

Answer:

Variable cost per unit= $50

Fixed costs= $900,000

Explanation:

Giving the following information:

Total Costs Units Produced

January $1,900,000 20,000 units

February 2,250,000 27,000

March 2,400,000 30,000

To calculate the unitary variable cost and the fixed cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400,000 - 1,900,000) / (30,000 - 20,000)

Variable cost per unit= $50

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400,000 - (50*30,000)

Fixed costs= $900,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,900,000 - (50*20,000)

Fixed costs= $900,000

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