According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism) m
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Answer: Schlictor's operating leverage when 2000 units are sold is 3.
The degree of operating leverage is used to calculate the change in operating income with respect to a percentage change in sales.
We can calculate operating leverage of a firm with the help of the following formula:
Substituting the values from the question we get
Answer:
Ending Inventory will be valued at $171,604
Explanation:
Your question was incomplete, I have attached the full question as an image below.
Ending Inventory = Total manufacturing cost × Ending Inventory / Units Manufactured
where,
<u>Total Manufacturing Cost Calculation :</u>
Direct materials $266,304
Direct labor $157,680
Variable manufacturing overhead $297,840
Fixed manufacturing overhead $385,440
Total Manufacturing Cost $1,107,264
Ending Inventory = $1,107,264 × (35,040 units - 29,600 units) / 35,040 units
= $171,604
Therefore, ending Inventory will be valued at $171,604
