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myrzilka [38]
2 years ago
11

Red and White Company reported the following monthly data: Units produced 2,100 units Sales price $ 26 per unit Direct materials

$ 2 per unit Direct labor $ 3 per unit Variable overhead $ 4 per unit Fixed overhead $ 7,980 in total What is Red and White's net income under variable costing if 990 units are sold and operating expenses are $11,900? Multiple Choice ($3,050) ($1,820) $1,168 $4,930 $8,850
Business
1 answer:
Sloan [31]2 years ago
4 0

Answer:

Under the variable costing fixed production overheads are treated as periodic costs and not included in closing stock. Amount $ Calculation Direct materials 1.00 Given Direct labor 2.

Explanation:

You might be interested in
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? C
Lelu [443]

Answer:

As you are starting at 45 years until 65 years, meaning you got only 20 years. So, the best investment options I recommend are,

  • Certificate of Deposit
  • Bonds
  • Mutual Funds

Explanation:

First of all, in terms of investing, 20 year time span is NOT that beneficial or wise! Because as you know, to gain the true effect of compounding, it is always better to start early and go on for about 30 or 40 years, even 50! Google about "Warren Buffet"!

However, in this case, the 3 options mentioned above are much better. But I'm not saying others are bad.

Certificate of deposits, Bonds and Mutual funds are relatively less riskier and does not fluctuate much with the market.

Moreover, the interest  yields are preferably higher.

Given that the interest rate remains relatively at a higher lever, these 3 options will pay of a decent contribution through compounding over the course of 20 years.

8 0
1 year ago
Smith buys and sells equity securities. On December 15, 2021, Smith purchased $522,000 of Jones shares and elected the fair valu
Fofino [41]

Answer:

Smith will report an investment income of $56,000 in its income statement.

Explanation:

Based on the information given we were told that Smith made a purchased of the amount of $522,000 of Jones shares in which as of December 31, 2021, the Jones shares also had a fair value of the amount of $578,000 this means that Smith will report an investment income of $56,000 ($578,000-$522,000) in its income statement.

4 0
2 years ago
The chance of losing time, money, reputation, etc. is known as __________.
elena55 [62]
The answer to this question is: Risk
In most cases, something that give the potential reward of time, money, and reputation will also possess the risk of losing that same thing at the same degree. This principle will often used by investors to choose which portofolio that they want to pursue with their capital.

7 0
1 year ago
You purchase a bond with a coupon rate of 5.3 percent and a clean price of $951. Assume a par value of $1,000. If the next semi
olchik [2.2K]

Answer:

The invoice price is $ 969.

Explanation:

This question requires us to tell the invoice price (dirty price) of the bond. Clean price is given in the question. So we can easily calculate invoice price by adding accrued interest in dirty price. Detail calculation is given below.

Clean price          = $ 951 -A

Accrued Interest =  (5.3% * 1000)/12*4 = $ 17.67 -B

Invoice price = A+B = $ 969 (approx)

4 0
1 year ago
If the price of Product E decreasing by 2% causes its quantity demanded to increase by 14% and the quantity demanded for Product
Reika [66]

Answer:

B) complements

Explanation:

The cross elasticity shows a relationship between the percentage change in quantity demanded with the percentage change in the price.

In case of the substitute goods, the relation between the price and the quantity demanded is positive that means if the price of goods increased than the quantity demanded is also increased

And, In case of the complementary goods, the relation between the price and the quantity demanded is  negative that means if the price of goods increased than the quantity demanded is decreased

According to the given situation, the most appropriate option is B.

5 0
1 year ago
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