How do oligopolies and monopolies affect product choice and price?

Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3

ira [324]

Answer:

C.$2,996.06 per unit

Explanation:

Calculation to determine what The unit product cost of Product N0 under activity-based costing is closest to:

First step is to Compute the activity rates

Activity Cost (a)Estimated Overhead cost (b)Total Expected Activity (a) ÷(b)Activity Rate

Labor-related $39,636÷2,700DLHs=$14.68per DLH

Production orders $57,421÷ 1,300orders =$44.17per order

Order size $432,075 ÷7,500MHs =$57.61per MH

Second step is to Compute the overhead cost per unit under activity-based costing

Using this formula

Overhead cost per unit=Activity Cost Pools and Activity Rates*Expected Activity=Amount

Let plug in the formula

Product N0

Labor-related, at $14.68 per DLH *1,100 =$16,148

Production orders, at $44.17 per order *700 =$30,919

Order size, $57.61 per MH *3,900 =$224,679

Total overhead costs assigned (a)$271,746

($16,148+$30,919+$224,679)

Number of units produced (b)100

Overhead cost per unit (a) ÷ (b)$2,717.46

($271,746÷100)

Third step is to Compute the unit product costs under activity-based costing

Product N0

Direct materials $104.80

Direct labor $173.80

(11.0 DLHs × $15.80 per DLH)

Overhead $2,717.46

Unit product cost $2,996.06

($104.80+$173.80+$2,717.46)

Therefore The unit product cost of Product N0 under activity-based costing is closest to: $2,996.06

4 0

3 years ago

Purple Cab Company had 70,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 40,000

AlladinOne [14]

Answer:

Purple Cab Company

The basic earnings per share is:

= $2.64 per share.

Explanation:

a) Data and Calculations:

January 1, 2021, Outstanding common stock shares = 70,000

April 1, 2021, Issue of new common stock shares = 40,000

December, 31, 2021, Outstanding common stock shares = 110,000

Outstanding fully vested incentive stock options = 7,000

Exercise price of options = $12

Common stock market price = $14

Reported net income = $289,915

The basic earnings per share = $ (Net income/Outstanding common stock)

= $289,915/110,000

= $2.64 per share

b) The basic earnings per share does not include the fully vested incentive stock options. It is only when calculating the diluted earnings per share that the stock options will be included.

3 0

3 years ago

Linda's car loan has a 0% interest rate. She made a down payment of $4,500 and makes all her loan payments on time. If Linda mis

Andre45 [30]

She can go to the back the bank the day after an make the payment

5 0

3 years ago

Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma

Fudgin [204]

Answer: Option B

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

7 0

3 years ago

Schnucks Supermarket promotes products like milk, eggs and other daily essentials at very low prices in order to attract consume

Veseljchak [2.6K]

Answer:

C. Build consumer traffic

Explanation:

By lowering the prices of daily essentials like milk and eggs Schnucks Supermarkets is building consumer traffic in their stores. The lower prices will tend to attracts more and more consumers because of that demand principle of the lower the prices the higher the demand. When the consumers increases what the supermarket achieves is a bigger consumer traffic in their store.

7 0

3 years ago