Answer:
True
Explanation:
if we want to get the most out of our resources, options should be chosen only when the marginal benefits exceed the marginal cost. ... All these decisions are marginal because they involve consideration of additional costs and benefits
Answer:
152,600 units
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Units Completed in the period = 37,000 + 122,000 - 32,000 = 127,000
Equivalent Units = 127,000 + (32,000 x 80%) = 152,600 units
Answer:
True
Explanation:
A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.
Answer:
$238.18
Explanation:
For calculation of target cost first we need to follow some steps which is shown below:-
Step 1
Operating income before = Sold television - Cost
= $380 - $290
= $90
Step 2
Total operating income = $90 × 120,000
= 10,800,000
Step 3
New sales in units = Target operating income ÷ Increase percentage
= 10,800,000 ÷ (120,000 × 110%)
= 10,800,000 ÷ 132,000
= $81.82
Finally
So, the Target cost = Lower price - New sales in units
= $320 - $81.82
= $238.18
Answer: the gains from trade; protectionism
Explanation:
The common belief among economists is that it is better to embrace the gains from trade, and then deal with the costs and trade offs with other policy tools, than it is to engage in protectionism.
Economists believe that when countries engage in trade together, it brings about increase in the world's output, better innovation and better product quality hence, they do not really support protectionism.
