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3 years ago

A monopolistically competitive markets:

Business

1 answer:

iragen [17]3 years ago

5 0

Answer:

d. may have too many or too few firms, but the government can do little to rectify the situation.

Explanation:

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A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted c

lawyer [7]

Answer:

E $4.00

Explanation:

Calculation of the approximate overhead cost per unit of Product B2 under activity-based costing.

Calulation of the Activity 1 allocated to Product B2 line:

$48,000 × 4,800/6,000 = $38,400

Calculation of the Activity 2 allocated to Product B2 line:

$63,000 × 4,760/7,000 = $42,840

Calculation of the Activity 3 allocated to Product B2 line:

$80,000 × 800/8,000 = $8,000

Hence the Total overhead allocated to Product B2 will be :

$38,400+$42,840+$8,000

= $89,240

The Overhead per unit of Product B2 will be :

$89,240/22,310

= $4.00

Therefore the approximate overhead cost per unit of Product B2 under activity-based costing will be $4.00

4 0

3 years ago

Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs?

galben [10]

Answer:

Fixed cost in an organization does not change and is fixed while the variable cost keep changing if the production is increased.

Explanation:

Fixed cost are said to be that cost which does not change with production level for a certain limit. Let us suppose there is no change in the rent amount if we have only factory for the production of goods.

But the variable cost are those cost which increases as production increases. More will be the variable cost when the production will be more. Also for per unit basis, the variable cost remains the same.

Fixed cost are not important in decision making if there is an excess of capacity available.

For example,

Direct labor, direct material -- variable cost

Salary of supervisor, rent of factory -- fixed cost

Even though there is not much change in the variable cost, like for suppose material price increases, a company can still make a budget that is based on the past experience and predicting the market prices. Similarly, if there is a machine that uses three units of direct material for a piece if finished product, which is not going to change in the future. Thus the company can make a budget.

5 0

3 years ago

A situation occurring when the value of a nation’s exports exceeds the value of its imports is called a trade surplus.

Dafna11 [192]

Answer:

hey matthew

Explanation:

Is TRUE.

Trade Surplus. A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets.

6 0

3 years ago

Read 2 more answers

What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.

slega [8]

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

5 0

2 years ago

Jackson Company purchased office equipment costing $3,000 for his business and paid immediately. Record this transaction in the

OLga [1]

Answer:

Explanation:

The accounting equation is shown below:

Total assets = Total liabilities + Shareholder's equity

In the given transaction, the office equipment was purchased for $3,000 and it is paid immediately which means the balance of office equipment is increased and the cash balance is decreased.

It gives a positive impact on office equipment under fixed assets and a negative impact on the cash balance under the current assets.

8 0

3 years ago