Freshmart, Inc., began the year with 250 units of inventory at a cost of $55 per unit using variable costing, produced 1,000 units, and sold 1,250 units at a selling price of $100 per unit. Fixed overhead costs totaled $30,000 and fixed selling and administrative expenses were $15,000. Variable production costs were $25.00 per unit while variable selling and administrative expenses were $10.00 per unit. Using variable costing, net income was:
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Ответ:
The net income will be "$36,250".
Explanation:
The given values are:
Administrative expenses
= $15,000
Fixed overhead costs
= $30,000
According to the question:
The sales will be:
=![1250 \ units\times 100 \ per \ units](/tpl/images/0709/0667/5f83e.png)
=![125000](/tpl/images/0709/0667/49c83.png)
The production cost of the variable will be:
=![1250 \ units \times 25 \ per \ units](/tpl/images/0709/0667/6e8f9.png)
=![31250](/tpl/images/0709/0667/63e16.png)
Variable selling will be:
=![1250 \ units\times 10 \ per \ units](/tpl/images/0709/0667/1e86d.png)
=![12500](/tpl/images/0709/0667/e0553.png)
The net income will be:
⇒![Sales-Production \ cost \ of \ variable-admin \ expenses-fixed \ costs-fixed \ selling](/tpl/images/0709/0667/8ac0d.png)
On substituting the values, we get
⇒![125000-31250-12500-30000-15000](/tpl/images/0709/0667/e491d.png)
⇒
($)
Ответ:
Well, the first answer is angels
Explanation:
it literally says on Google angel investors. Also, mannequins don't make since and borrowers? Really? Think about it...their own money. To add, Obligators are basically a person who establishes an obligation under law quotations. Glad I could help.