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2 years ago

HELP!!!!!!! Draw a supply and demand graph for the given scenario

Business

1 answer:

faltersainse [42]2 years ago

8 0

The demand shifter is the expected increase in the price of the lab coats.

The equilibrium price and quantity would increase.

<h3>What would happen to equilibrium price and quantity?</h3>

When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.

As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.

Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811

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Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:Total Variable Costs $26

a:Total Manufacturing Costs = $ 30

b:Net Income Variable Costing $100,000

b: Net Income Absorption Costing $ 100,000

Explanation:

Smuckers Manufacturers

Costs per case under Variable Costing

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

Total Variable Costs $26

Costs per case under Absorption Costing

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

SMUCKERS

Variable Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

Net Income 100,000

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

SMUCKERS

Absorption Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

Net Income 100,000

3 0

3 years ago

Which 3 features should you suggest to your clients to build their brand recognition? a) Get choosy with your fonts and use a fo

gulaghasi [49]

Answer:

a) Get choosy with your fonts and use a font type that matches the company's branding scheme

b) Add a company logo to customer sales forms Use the standard template with no customization

c) Add a splash of color that matches the company's branding scheme

Explanation:

Brand recognition refers to the recognition of the company brand by identifying with the product tag line, logo, advertising, packaging, etc

It could be identified with the help of audio and video clip so that the people could aware of it

Now for building the brand recognition, the following attributes needed

1. Selection of font that matches with the branding

2. Added a logo also the standard template is required

3. Add color splashes

7 0

4 years ago

for the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entr

Andrew [12]

Following Adjustments are being shown below.

Which two accounts are affected ?

Prepaid insurance

What kind of accounts are they?

Current asset

Do the account balances increase or decrease?

Increase

Do we debit or credit the accounts?

Debit

Since insurance is paid in advance for the upcoming six months, the account that will be debited will be a prepaid insurance account.

To learn more about Journalizing, Click the links.

brainly.com/question/27159868

brainly.com/question/18684550

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4 0

1 year ago

Olenka [21]

Answer:

hope this helps

Explanation:

organizing

4 0

3 years ago

Jan, an employee of a distribution company, never speaks to anyone in her office. From when she arrives to when she leaves, no o

Brut [27]

Answer: behaviours

Explanation: An employee's behaviour is how they react to a certain circumstance in the work environment. This behaviour can be internally driven or can be adopted from external situations. This scenario depicts an external situation, as Jan based her movements on her how her employees operate. Jan decided that she will not speak to her coworkers, merely because she noticed that no else in the office does. And because she didn't want to stand out or seem different, she applied that same behaviour. This is a form of conformity, which is when someone adopts the beliefs, behaviours or norms of a group, in order to fit in with them.

6 0

4 years ago