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2 years ago

Suppose Ike’s Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is

Business

1 answer:

Naddika [18.5K]2 years ago

6 0

The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.

<h3>What is the short-run average total cost ?</h3>

The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.

Please find attached the complete question. To learn more about average cost, please check: brainly.com/question/26959638

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"Shareholder wealth" in a firm is represented by:

Grace [21]

The best and most correct answer among the choices provided by the question is the fourth choice. "Shareholder wealth" in a firm is represented by the market price per share of the firm's common stock. I hope my answer has come to your help. God bless and have a nice day ahead!

6 0

3 years ago

The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursSta

harkovskaia [24]

Answer:

Direct labor rate variance= $69,579 unfavorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 9.0 hours

Standard labor rate= $15.10 per hour

Actual hours worked= 8,100 hours

Actual total labor cost= $191,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 191,880/8,100= $23.69 per hour

Direct labor rate variance= (15.10 - 23.69)*8,100

Direct labor rate variance= $69,579 unfavorable

3 0

3 years ago

A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage

sergiy2304 [10]

Answer:

e. 10,500 units.

Explanation:

the equivalent units of production - direct materials

Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials

units in ending Work in Process inventory (5,000×50%) = 2,500

units completed and transferred to the next stage (8,000×100% = 8,000

Total = 10,500

the equivalent units of production - conversion costs

Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs

units in ending Work in Process inventory (5,000×50%) = 2,500

units completed and transferred to the next stage (8,000×100% = 8,000

Total = 10,500

5 0

3 years ago

Who bought the treasure island hotel and casino from the Wynn corporation?

IgorLugansk [536]

Phil Ruffin bought treasure island

4 0

3 years ago

You are faced with the following alternative choices on Saturday afternoon. You can only do one of these activities. None of the

garri49 [273]

Answer:

Missing out on the benefits I get from working out using exercise equipment in my garage.

Explanation:

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen." Since Choice B is the next best choice to hiking, missing out on the benefits of working out will be my opportunity cost.

3 0

3 years ago