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3 years ago

Can these two countries gain from trading oil and fish oil?

Business

1 answer:

ozzi3 years ago

6 0

These countries can gain from trade because norway has an absolute advantage producing fish oil.

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True or false: Without knowing the future, it is best to have a cost structure with high variable costs.

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Answer:False

Explanation:It is not obvious which cost structure is better, both have advantages and disadvantages

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2 years ago

Wave Fashions uses standard costs for its manufacturing division. The allocation base for overhead costs is direct labor hours.

horsena [70]

Answer:

B. $ 3,650 U

Explanation:

Wave Fashions

Actual fixed overhead $ 32,000

Budgeted fixed overhead $ 26,000

Allocated fixed overhead $ 28,350

Standard overhead allocation rate $ 6.75

Standard direct labor hours per unit 2.1 DLHr

Actual output 2,000 units

Total Fixed Overhead Variance = Budget Variance + Volume Variance

=$ 6000 Unfav - $ 2350 Fav= $ 3650 Unfavorable

Budget Variance = Actual Fixed Overhead- Budgeted Fixed Overhead= $ 32,000- $ 26,000= $ 6000 unfavorable

Volume Variance = Budgeted Fixed Overhead- Allocated Fixed Overhead

Volume Variance= $ 26000- ( Standard Fixed Overhead Rate * Standard Hours)

Volume Variance= $ 26000- ( $ 6.75 * 2.1 * 2000)

Volume Variance= $ 26000- 28350 = 2350 favorable

6 0

2 years ago

A merchandising company's budget includes the following data for January: Sales: $400,000; COGS: $270,000; Administrative salari

Maslowich

Answer:

Total general and administrative expenses $

Administrative salaries 1,250

Rent on administrative building 30,000

Miscellaneous administrative expenses 5,000

Total general and administrative equipment 35,250

Explanation:

The total general and administrative expenses include administrative salaries, rent on administrative building and miscellaneous administrative expenses.

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2 years ago

A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovat

Ksenya-84 [330]

Answer:

B) False

Explanation:

Glocalization is a term that combines both globalization and localization. It was first used during the 1980s in Japan to define a way of thinking and developing business strategies: think locally and act globally.

Back in the 1980s Japan's economy was booming, it was the second largest economy in the world and Japanese car manufacturers and technological firms were wiping out the competition. This term refers to the western interpretation of Japanese business strategies of that decade, of selling similar but differentiated products everywhere.

E.g. American car manufacturers used to complain that Japanese consumers wouldn't buy their cars in Japan, but they simply had the steering wheel on the wrong side and Japanese consumers were not willing to even try them for that reason.

Luckily, things have changed and American companies also realized that their reality is not necessarily the reality of the rest of the world, and you must adapt your products to different markets.

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2 years ago

Trendy Appliances has introduced a new product, Minute Yogurt, into the yogurt maker appliance market. Minute Yogurt differs fro

forsale [732]

Answer: Informative Advertising

Explanation:

Informative Advertising is a form of advertising where a company gives some details about the benefits of using a product and somethings they do differently from their competitors in the market.

Minute Yoghurt needs to inform their market of the special steps of blending and cleaning they applying when producing their product.

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3 years ago

Can these two countries gain from trading oil and fish​ oil?

Can these two countries gain from trading oil and fish oil?