Answer:
The correct answer is A.
Explanation:
Giving the following information:
July 1: Beginning Inventory 31 units at $16 $496
July 7: Purchases 109 units at $16 $1744
July 22: Purchases 16 units at $17 $272
A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand.
FIFO (first-in, first-out)
Units sold= (31 + 109 + 16) - 39= 117
COGS= 31*16 + 86*16= $1,872
Answer:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours
Explanation:
Giving the following information:
The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.
<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>
To calculate direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours
Positive reputation in local community would attract new customer
The correct matches are the following.
1. Increasing the number of products your company exports from the United States to Canada without tariffs that could hurt profits. = e) NAFTA.
2. Resolving an issue that involves rules of trade that are impacting your business as you try to increase distribution to several markets in Africa. = b) World Trade Organization.
3. Selling your products to an expanding middle class of consumers in Guatemala. = d) DR-CAFTA
4. Problems selling to Japanese consumers due to the instability of the exchange rate between American and Japanese currencies. c) International Monetary Fund.
5. Allowing your manufacturing plant in Spain to quickly reduce barriers in its efforts to market and sell products in France. = a) European Union.
Knowing these organizations and their main functions will help you to understand foreign trade, its characteristics in a b¿globalizaed world, and the peculiarities according to each region. Every trade agreement has its details and you want to become an expert in the region you choose to maximize your sales and profits.
That is why many countries associate in trade agreements, as is the case of NAFTA, the North America Free Trade Agreement signed by Mäxico, the United States, and Canada, now turned into USMCA, the United States, México, and Canada Agreement.
Answer:
5 tons of salt for 1 ton of pepper
10 tons of salt for 1 ton of pepper
Explanation:
Alphaland's opportunity cost of producing one ton of pepper = 80 ÷ 5
= 16 tons of salt
Betaton's opportunity cost of producing one ton of pepper = 3 ÷ 1
= 3 tons of salt
Alphaland's opportunity cost of producing one ton of salt = 5 ÷ 80
= 0.0625 tons of pepper
Betaton's opportunity cost of producing one ton of salt = 1 ÷ 3
= 0.3333 tons of pepper
Therefore, Betaton has a comparative advantage in producing pepper because it has the lower opportunity cost of producing pepper as compared to Alphaland. On the other hand, Alphaland has a comparative advantage in producing salt because it has the lower opportunity cost of producing salt as compared to Betaton.
Hence, Betaton is specialized in the production of pepper and Alphaland is specialized in the production of salt.
Trade is beneficial for both the nations when Alphaland buys pepper at a price lower than the 16 tons of salt and Betaton sells pepper at a price greater than 3 tons of salt.
Trade ratios:
5 tons of salt for 1 ton of pepper
10 tons of salt for 1 ton of pepper
