............... total surplus INCREASES when the price of ethanol increases. When the supply curve for a product is upward sloping, it indicates that more of that product is been produced. Thus, in the question given more of corn is been produced, if the price of ethanol increases, then total surplus will also increase. Total surplus is the summation of the consumer and producer surplus.
Answer:
d. $73,500
Explanation:
The computation of the estimated total manufacturing overhead for the customizing department is shown below:
= Total fixed manufacturing overhead cost + Variable manufacturing overhead cost
where,
the variable manufacturing overhead cost = Customized Direct labor-hours × Variable manufacturing overhead per direct labor-hour
= 7,000 units × $5
= $35,000
And, the Total fixed manufacturing overhead cost is $38,500
Now put these values to the above formula
So, the answer would be equal to
= $38,500 + ($7,000 hours × $5 per hour)
= $38,500 + $35,000
= $73,500
Answer:
The correct answer is: <em>C) organized and self-disciplined</em>
Explanation:
According to Costa and McCrae's<em> Five Factor Model of Personality</em>, conscientiousness is one of the five core personality traits. Conscientious individuals refer to individuals who are ambitious, goal oriented and take personal responsibility for their actions. They are hard-working, diligent and usually successful in their academics and/or workplace. Thus, managers who have high conscientiousness are known to be organized and self-disciplined.
Options A, B and D are incorrect, as they are not related to being conscientious.
Answer:
The tennis department relevant costs (avoidable costs) are variable manufacturing costs ($400,000) and product design ($110,000).
Explanation:
First of all Chris Co. should eliminate its surfing department (since it is not profitable) only if it can use their production facilities to make something else that does generate profit or just sell that facility.
surfing department net profit = $500,000 - $610,000 = -$110,000 or $110,000 net loss
The department's major loss comes from the allocation of $100,000 in facility level costs, but these costs are not relevant or avoidable. Relevant costs are costs that can be avoided by making a business decision like closing a business department.
Answer:
None of the options is correct.
Explanation:
Giving the following information:
A manufacturing company leases a building for $90,000 per year for its manufacturing facilities. Also, the machinery in this building is being paid for in installments of $20,000 per year.
Each unit of the product produced costs $14 in labor and $10 in materials. The product can be sold for $38. Assume that the demand is 9,000 units per year.
Income statement:
Sales= (38*9000)= 342,000
COGS= (14+10)*9000= 216,000 (-)
Gross profit= 126,000
Fixed costs= 90,000 + 20,000= 110,000 (-)
Net operating profit= 16,000
