ABC Corporation would like to evaluate three production processes (A, B, and C) to accommodate the changes in demand for its products. The fixed and variable costs per unit are tabled here. Determine the production volume at which costs of Processes A and B are equal.
A. 2,000
B. 3,000
C. 4,000
D. 1,000
D. 1,000
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CarWorks Company has 100,000 authorized shares of $4 par common stock. The company issued 40,000 shares at $8 . Subsequently, CarWorks declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
a. $8,800 b. $4,800 c. $3,200 d. $6,400
Telecommunication companies offering fixed wireless service require franchise licenses.
Answer the following statement true (T) or false (F)
The completed-contract method (as opposed to the percentage-of-completion method) of accounting for revenue from long-term construction contracts should be used in which of the following circumstances?
a. The contractor has been in business for many years and has completed many contracts in the past. b. Reasonably accurate estimates of the degree of completion cannot be made due to the lack of experience with similar types of contracts. c. Reasonable accurate estimates of the degree of completion can be made based on past experience. d. The contracts are of a relatively long duration.
If the merchandise costs $5,000, insurance in transit costs $250, tariff costs $75, processing the purchase order by the purchasing department costs $25, and the company receiving dock personnel cost $20, what is the total cost charged to the merchandise?
A) $5,325 B) $5,370 C) $5,350 D) $5,000