ITS URGENT so the extract is “ Ian sets up a taxi firm one month ago, he has calculated that his total monthly revenue was £2400. he has added his costs together for the first month and they came to £2800. however he spent £1000 on a car for the business that he will not need to spend again. the questions are: 1) what was his profit/loss for the month?
2) Next month, what was his profit/loss be?
3) List two things that could happen that would increase his cost?

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below