Answer:
the direct material & conversion cost per equivalent unit is $750 per ton and $120 per ton
Explanation:
The calculation of the direct material & conversion cost per equivalent unit is given below:
Direct materials per equivalent unit is
= $3,000,000 ÷ 4,000 tons
= $750 per ton
And,
Conversion costs per equivalent unit is
= $462,600 ÷ 3,855 tons
= $120 per ton
Hence, the direct material & conversion cost per equivalent unit is $750 per ton and $120 per ton
The answer is: High-speed presses could mass-produce books, magazines, and newspapers
Due to the ability to mass-produce reading materials, it become much more easier for people to read about new information. This make it easy for people to obtain the knowledge about different cultures without actually having to visit that civilization. The information later on would keep distributed from one person to another and largely contribute to the growth of popular culture.
Answer:
1. The mandatory retirement age in Wonkaland is abolished.
- INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of labor
2. Wonkaland's main export is candy. Candy from this country increases in popularity as consumers all over the world want to buy Wonkalandian candy.
- NO CHANGE IN THE LONG RUN AGGREGATE SUPPLY CURVE
3. Since candy from Wonkaland has become an international sensation, factories in Wonkaland double the number of candy making machines.
- INCREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: greater use of capital investments
4. The top candy companies in Wonkaland chose to relocate their means of production to other countries around the world.
- DECREASE IN THE LONG RUN AGGREGATE SUPPLY CURVE: lower use of capital investments
Explanation:
The long run aggregate supply curve is only affected by changes in capital, labor and technology. If the use of these factors increases, the LRAS curve will increase, if their use decreases, then the LRAS curve decreases.
Answer:
B. Evaluation of Alternatives
Explanation:
Consumer- Decision Making
This is also know as Buyer decision making. It involves the decision making process that buyers or customers goes through before, during and after the purchase of a good or services. According to John Dewey, we have 5 stages, and these are:
1. Problem of need recognition
2. Information search
3. Evaluation of alternatives
4. Purchase
5. Post - Purchase behavior
The step described in the question is Step 3 which is EVALUATION OF ALTERNATIVES. At this stage, customers evaluate all the products available on a particular scale of attributes. The consumers or buyers narrows down the number of choices at this stage by comparing the advantages and disadvantages of the products. They assess the value of all the products so as to be able to make a decision for the purchase.
