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kati45 [8]
3 years ago
9

The newly discovered island of Mogran is in the process of setting up a new country and establishing a monetary system. The Mogr

an people start talking about the currency they would like to create.
The first proposal is to issue the Mogran Moola (their new currency) in only 3 denominations of paper bills (100, 500 and 1000 Moolas) but no coinage. In order to save time and resources they will print their currency on a heavy stock cardboard.

The bills will be about the size of a business card so that the Mogran people will be able to easily carry it with them in their wallets.

Why will the Mooola not function as a medium of exchange?
Business
1 answer:
Yanka [14]3 years ago
3 0

Answer and explanation:

The characteristic of money as a medium of exchange implies the parties involved in a transaction have currencies that <em>facilitates the economical trade</em>. Besides having uncomfortable cardboard presentations, Mogran's currency does not have a coin system which will make trade impossible for articles of low cost. Thus, the Moola is not achieving the medium of exchange feature of money.

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Answer:

Results are below.

Explanation:

<u>The absorption costing </u>method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>The variable costing method</u> incorporates all variable production costs (direct material, direct labor, and variable overhead).

<u>Variable costing income statement:</u>

Total unitary variable production cost= (24 + 16 + 2 + 3)= $45

Sales= 73*51,000= 3,723,000

Total variable cost= 51,000*45= (2,295,000)

Contribution margin= 1,428,000

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Net operating income= (28,000)

<u>Absorption costing income statement:</u>

Unitary production cost= (24 + 16 + 2) + (784,000/56,000)

Unitary production cost= $56

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Total selling and administrative= 672,000 + 3*51,000= (825,000)

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<u>The difference between both methods is the fixed manufacturing overhead allocated in ending inventory.</u>

6 0
3 years ago
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RUDIKE [14]

Answer:

Given: Total shift time = 8 hours = 8 * 60 = 480 minutes

time required for production of one saw = 6 minutes

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The length of cycle will be 5*6=30 minutes i.e. the cycle will repeat once in 30 minutes for 8 hours means totally it will repeat 16 times during one shift.

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product drugs

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can mess you up mentally and is bad for you and is banned to use and the more you use it the more you will be addicted

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