All categories

4 years ago

The terms of trade must be higher (graphically to the right) of a nation's own production __________________

Business

1 answer:

Zepler [3.9K]4 years ago

3 0

Answer: cost ratio

Explanation: The terms of trade must be higher (graphically to the right) of a nation's own production cost ratio. The production cost ratio allows small-scale manufacturers to determine their cost more accurately as well as control known cost parameters and is a method that can be adapted and applied to any business.

In a multi-product manufacturing firm, the production cost ratio is necessary for accurate compilation and allocation of production costs to each category of product especially when both the Production Time and the Production Runs are not the same and/or when fixed labor, overhead and other costs are drawn from the same pool. When the ratio is not applied results in a skewed allocation of production costs. This in turn can affect the business as it becomes difficult to ascertain the products whose production are more profitable to the business.

You might be interested in

A stadium is considering an offer from Mass Insurance to change the name to Mass Stadium. The company is offering to pay $1,000,

tino4ka555 [31]

Answer:

b) 1,250,000

Explanation:

1,000,000+ 250,000 = 1,250,000

8 0

3 years ago

During the ________ stage of group development, work behaviors evolve into a sharing of information, acceptance of different opi

Rina8888 [55]

During the NORMING stage of group development, work behaviors evolve into a sharing of information, acceptance of different opinions, and positive attempts to make decisions that may require compromise, as the members set the rules by which the team will operate.

8 0

3 years ago

Read 2 more answers

AlwaysRain Irrigation, Inc., would place for making bronze and plastic sprinklers. Three types of sprinklers are available in bo

Alex777 [14]

Answer:

The requirement for the next four years higher than the current available capacity.

Explanation:

AlwaysRain Irrigation, Inc., has 3 bronze machines and one injection molding. The bronze machine total available capacity is 60,000 / year which is calculated by 20,000 sprinkles * 3 machines.

For molding machine the available capacity for the year is 320,000 sprinkles per year.

The capacity requirement for next four years will be greater for bronze and the company needs to consider buying more machines.

8 0

3 years ago

During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard mater

omeli [17]

Answer and Explanation:

The computation is shown below:

Total material cost variance

= (Standard quantity × standard price) - (actual quantity × actual price)

= (4,000 tiles × 2 pounds of material × $4) - (8,800 pounds × $35,640 ÷ 8,800 pounds)

= (8,000 pounds × $4) - ($8,800 pounds × $4.05)

= $3,640 unfavorable

For material price variance

= Actual Quantity × (Standard Price - Actual Price)

= 8,800 × ($4 - $4.05)

= $440 unfavorable

For material quantity variance

= Standard Price × (Standard Quantity - Actual Quantity)

= $4 × (8,000 pounds - 8,800 pounds)

= $3,200 unfavorable

The favorable variance is that in which the standard cost is more than the actual cost and the inverse goes to unfavorable variance

4 0

3 years ago

Compound interest means that interest is calculated on:.

ira [324]

Answer: initial principal

Explanation:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

6 0

3 years ago