Answer:
C) $95 F
Explanation:
Planned cost of materials and supplies = $2,230
Actual cost of materials and supplies = $2,160
Flexible budget for November = $2,230 - $2,285 + 25 = $95 F.
It is is favorable (F) because Actual cost of materials and supplies is less than the Planned cost of materials and supplies.
Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price of a product = $140 per textbook
Variable expenses = $25 per book
Books sold per year = 6,000 books (It is the break even point)
The break even point indicates that there is no profit or loss incurred at the sales.
This means that the sales revenue is equal to the total cost incurred to produced these goods.
Sales per unit - Variable cost per unit - Fixed costs per unit = 0
$140 - $25 - Fixed costs = 0
$115 = Fixed costs per unit
Therefore, the total amount of fixed cost is calculated as follows:
= Fixed cost per unit × Number of books sold
= $115 × 6,000
= $690,000
Answer:
b.0.22
Explanation:
Return on investment (ROI) = Operating income/ Beginning Operating Asset = $ 92,000/ $440,000 = 0.22
I<span>n order to know how much will it cost to drive 975 </span><span>km, we need first to know how many gallons it would take to drive 975 km. </span>First,<span> we need to convert kilometers to miles. 975 km would be equal to 605.84 miles (1 km = 0.62 miles). Since one gallon can be consumed up to 24.5 miles, we need to divide 605.84 miles by 24.5 miles to know how many gallons will be consumed travelling such distance. Dividing the two numbers, we can get 24.73 gallons. We know that </span>one-gallon<span> costs $2.75. Therefore, it would cost $68.01 ($2.75 x 24.73 gallons) to drive 975 kilometers.</span>
