Answer:
(a) DM
(b) DL
(c) MO
(d) MO
Explanation:
(a) Frames and tires used in manufacturing bicycles.
This is cost directly related to the materials used in manufacturing a product and, thus, should be classified as a direct material cost (DM).
(b) Wages paid to production workers.
This cost is directly related to pay for the labor required to manufacture a product and, thus, should be classified as a direct labor cost (DL).
(c) Insurance on Factory equipment and machinery.
Although this is a cost incurred from manufacturing, it can't be directly linked to either materials or labor since it is an structural cost and, therefore, should be classified as a manufacturing overhead cost (MO).
(d) Depreciation on factory equipment
For the same reason as the previous item, this should be classified as a manufacturing overhead cost (MO).
Answer:
D) not change and the price received by sellers will not change
Explanation:
If the government removes a tax on sellers of a good and imposes the same tax on buyers of the good, the net amount sellers receive doesn't change. The quantity of goods that are sold also remains the same.
So, price paid by buyers will not change and the price received by sellers will also not change
Answer:
answer can be seen in the attached file
Explanation:
Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)
What is Game Theory?
This is a mathematical modelling that deals with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to in war, business, and biology, sport.
In Game theory, outcome is dependent on the contributions of competing parties
Selling price = p = 520
variable cost per unit = vc = 286
fixed cost = fc = 163,800.
unit sold = x
520 * x = 286 * x + 163,800
520x = 286x + 163,8000
520x - 286x = 163,800
234x = 163,800
x = 163,800 / 234 = 700 units to reach break even point.
unit contribution margin = p - vc = 520 - 286 = 234 per unit.
My best guess is A because they maintain high tariffs on the agriculture custom many developing countries export.
