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Delicious77 [7]

3 years ago

14

Herbie inc., a firm manufacturing sandwich makers, has fixed costs of $250,000, variable costs of $20 per unit of output, and ex

pected unit sales of 50,000 units. what is the unit cost of a sandwich maker manufactured by herbie?

1 answer:

Naily [24]3 years ago

4 0

250000/50000 = $5 per unit

$ 5 per unit + $20 per unit

Unit cost = $25 per unit

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2. The Lorenz curve measures inequality in person income distribution. What is the difference between personal income distributi

Bogdan [553]

Answer: The answers are given below

Explanation:

Personal income distribution focuses on how income is being shared among the individuals in a nation while the functional income distribution has to do with the amount of income that is relative to the production factors

A progressive tax is a type of tax whereby the high income earners pay a larger percentage of their income than those that are from the low income groups while a proportional tax is a type of tax whereby everyone whether from high or low income group pays the same percentage as tax.

The problem of progressive taxation as a means to achieve greater equality in income distribution is that it encourages inequity. The aim of the progressive tax system is to bring about fairness whereby everyone in the economy will pay a fair share but the reality is that actually leads to many households paying more than the amount they should fairly pay while some pay close to nothing. It can also lead to the disincentive to work hard. When workers realize that a higher percentage of their income will be deducted as tax, they may reduce their commitment to work which lead to reduction in productivity.

3 0

4 years ago

Check your worksheet by changing the estimated total amount of the allocation base in the Data area to 50,000 machine-hours, kee

Savatey [412]

Answer:

Data

Allocation Base Machine Hours

Estimated manufacturing overhead cost $300,000

Estimated total amount of allocation base 75,000 machine hours

Actual manufacturing overhead cost $290,000

Actual total amount of the allocation base 68,000 machine hours

Computation of predetermined overhead rate

Estimated manufacturing overhead cost $300,000

Estimated total amount of allocation base 75,000 machine hours

Predetermined overhead rate $4 per machine hour

= 300,000/75,000

= $4

Computation of underapplied or overapplied manufacturing overhead

Actual manufacturing overhead cost <u> $290,000</u>

Manufacturing overhead cost applied to WIP during the year:

Predetermined overhead rate $4 per machine hour

Actual total amount of allocation base <u> 68,000 </u>machine hours

Manufacturing overhead applied <u> $272,000</u>

= 68,000 * 4 = $272,000

Underapplied (overapplied) manufacturing <u> $18,000 underapplied</u>

overhead

8 0

3 years ago

You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired

My name is Ann [436]

Answer:

yours would be positive and your roommate's would be negative.

Explanation:

Income elasticity of demand is defined as the change in quantity demanded as a result of changes in income earned by an individual. It is calculated by finding a ratio of percentage change in quantity demanded to percentage change in price.

Since there is an increase in the noodles I take with increase in income the numerator of this ratio will be positive, and the denominator will be positive indicating income increase. So the ratio will be positive.

On the other hand my roommate buys less of Ramen noodles so the numerator will be negative. The denominator will be positive to indicate increased income. The result of the income elasticity in this case will be negative.

3 0

3 years ago

You have $7,600 to deposit. Regency Bank offers 12 percent per year compounded monthly (1.0 percent per month), while King Bank

Goryan [66]

Answer:

Regency Bank : $51,347.27

King Bank : $46,590.99

Explanation:

The formula for calculating future value:

FV = P (1 + r)^mn

FV = Future value

P = Present value

R = interest rate

N = number of years

m = number of compounding

Regency Bank : $7,600 x (1.01)^(16 x 12) = $51,347.27

King Bank : $7600 x 1.12^16 = $46,590.99

8 0

3 years ago

Srishti wants to start a restaurant of her own. As she does not have any savings, she approaches her bank for money and enters a

Reika [66]

Answer:

Line of credit.

Explanation:

A line of credit is a loan that is issued by the bank to the customer. This type of loan can be withdrawn at any period of time by the customer.

A line of credit is a type of loan that can be used as a credit card. It is possible for a customer to withdraw money up to a maximum amount when needed, pay back and then withdraw the money again.

A line of credit enables the customer to borrow money without paying a high amount of interest. This type of loan can be used at any time without any form of restriction.

4 0

3 years ago

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