Answer:
C. $2,018.00.
Explanation:
The computation of the lower cost or market value is shown below:
For Jelly
= 150 units × $2 per unit
= $300
For Jam
= 370 units $2.50
= $925
And, for Marmalade
= 260 units × $3.05
= $793
So, the total inventory is
= $300 + $925 + $793
= $2,018
It is come by multiplying the quantity of each one by its lower cost or market value per unit
Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.
Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).
Opportunity cost of food is,
Unites states = 
Canada =
Opportunity cost of television is,
Unites states = 
Canada =
Since, opportunity cost of food is lower in the United states, United states will export food.
Opportunity cost of television is lower in Canada, Canada will export television to the United States.
Answer:
$6,500
Explanation:
For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:
Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)
= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)
= $9,000 ÷ 8,000 hours
= $1.125
Now the fixed cost equal to
= High power cost - (High machine hours × Variable cost per hour)
= $20,000 - (12,000 hours × $1.125)
= $20,000 - $13,500
= $6,500
Answer:
See explanation section
Explanation:
See the image below to get the answer: