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3 years ago

In monopolistic competition, what effect do price variations generally have on the market as a whole

Business

1 answer:

irinina [24]3 years ago

4 0

In monopolistic competition, what effect do price variations generally have on the market as a whole?

It's no effect.

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In a capitalist system, what are the goods and tools that are used to make products?

Eddi Din [679]

The means of production

8 0

3 years ago

I am having trouble with this question. Can you help me out?

Semmy [17]

Answer:

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6 0

3 years ago

Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are i

wariber [46]

Answer and Explanation:

The computation is shown below:

1. Calculation of the equivalent units

<u>Particulars Physical units % Material % Conversion cost</u>

Units transferred

out 900 100% 900 100% 900

Ending

work in process 600 100% 600 40% 240

Equivalent

units 1,500 1,140

2. Cost per equivalent unit is

Particulars Material Conversion cost

Beginning

inventory $750 $600

Cost during

period $2,400 $2,820

Total cost $3,150 $3,420

Divided by

Equivalent

units $1,500 $1,140

Cost per

equivalent unit $2.1 $3

3. Transferred out cost is

= (3 + 2.1) × 900

= $4,590

And, the ending work in process cost is

= (600 ×$2.1) + (240 × $3)

= $1,960

2. Now the preparation of the production report is presented below:

Beginning work in process $1,350

Cost during period $5,220

Total cost accounted for $6,570

Transferred out cost $4,590

Ending work in process $1,960

Total cost accounted as $6,570

3 0

3 years ago

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would

kotegsom [21]

Under the perpetual inventory system, in addition to making the entry to record a sale, a company would: a. debit Inventory and credit Cost of Goods Sold.

<h3>What is Inventory ?</h3>

Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.

There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

Inventory refers to all of the items, goods, merchandise, and materials held by a company for the purpose of reselling in the market for a profit. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, only the newspaper is considered inventory. The vehicle will be considered an asset.

To know more about Inventory follow the link:

brainly.com/question/24868116

#SPJ4

5 0

2 years ago

Every year managers are given targets for categorizing their employees’ performance at the end of the year. The managers are all

Alla [95]

Answer:

forced distribution

Explanation:

Forced distribution method is the oldest method used in various industries to evaluate the performance of any class of employees based on some standard norms as set by the company under this method.

It basically distributes each class of employee into category of management, lower, middle or upper.

This is forced because there is no change in such evaluation method, despite even the change in the company's working style is there.

But in the given instance the company has followed this forced distribution.

8 0

3 years ago