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3 years ago

If an economy is inefficient, its actual output combination will lie ______ the production possibilities curve.

1 answer:

4 0

Inside.

If the economy is inefficient, its actual output combination will lie inside the production possibilities curve. This curve represents the opportunities for production in a given economy with the most efficiency being gained by producing along the curve. Any points within or inside the curve are considered inefficient, whereas points outside the curve are considered unavailable or inaccessible without changes in technology or innovation.

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Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a

kenny6666 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

Standard= 400

Deluxe= 200

Machine hours:

Standard= 4,150

Deluxe= 3,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

1) Direct labor hours as allocation rate

Estimated manufacturing overhead rate= 39,060/600= $65.1 per direct labor hour

Now, we can allocate to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

Estimated manufacturing overhead rate= 39,060/7,150= $5.46 per machine hour

Now, we can allocate to each product line:

Standard= 5.46* 4,150= $22,659

Deluxe= 5.46*3,000= $16,380

7 0

3 years ago

Expensive high quality late harvest auslese, beerenauslese and trockenbeerenauslese wine is made from grapes which are typically

yarga [219]

<span>For Auslese, the medium sweet wine is made from late picked ripe grapes that are affected by Noble Rot. For Beerenauslese, a very sweet wine is made from very ripe grapes that are affected by Noble Rot. For Trockenbeerenauslese, a very sweet wine made from even riper grapes that are affected by Noble Rot.</span>

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3 years ago

The plaintiff in a product liability lawsuit has suffered $100,000 worth of damages from an automobile accident. A defect in man

OleMash [197]

Answer:

$60,000

Explanation:

Data provided in the question:

Damages suffered by Plaintiff from an automobile accident = $100,000

Responsibility of manufacturer in the accident = 60 percent

Responsibility of plaintiff in the accident = 40%

Now,

Under the doctrine of contributory negligence

The manufacturer will pay

= Damages suffered × Responsibility of manufacturer

= $100,000 × 60%

= $60,000

5 0

3 years ago

What happens when a tariff is used?

adell [148]

C country places a tax on good from another country

6 0

3 years ago

Read 2 more answers

On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On F

GrogVix [38]

Answer:

The Journal entry and their narrations is shown below:-

Explanation:

1. Allowance for doubtful accounts Dr, $9,800

To Account receivable-Oakley Co. $2,400

To Account receivable-Brookes Co. $7,400

(Being write off is recorded)

2. Account receivable-Oakley Co. Dr, $2,400

To Allowance for doubtful accounts $2,400

(Being amount reinstated is recorded)

3. Cash Dr, $2,400

To Account receivable-Oakley Co. $2,400

(Being cash received is recorded)

7 0

3 years ago

Read 2 more answers