Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
Answer:
Purchases= $26,550
Explanation:
Giving the following information:
Production:
January= 2,900 units
February= 3,600 units
Norton budgets $20 per unit for direct materials.
Beginning inventory raw materials= $38,650.
Desired ending inventory direct materials= 10% of the next month's direct materials needed for production.
To calculate the purchases of direct material, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 2,900*20 + (3,600*0.1)*20 - 38,650
Purchases= $26,550
Answer:
no problem
Explanation:
why should I subscribe it if I DNT want
Answer: The correct answers are "expected" and "realized".
Explanation: If Asset A has higher systematic risk than asset B. You can be sure that asset A's <u>expected</u> return will be higher than asset B's, but you can't be sure if asset A's <u>realized</u> return will be higher than asset B's.
Answer:
Total revenue will equal zero when the demand for a product is unit elastic. FALSE
When a firm lowers its price its total revenue may either increase or decrease. TRUE
Whenever a firm raises its price its total revenue will increase. FALSE
Whenever a firm increases its quantity sold its revenue will increase. FALSE
Explanation:
Price elasticity en the demand measures the porcentage of change in the quantity demandend when a price is changed.
When the porcentage of change in the quantity demanded is the same of the porcentage of change in the price we talk of unit elastic. The revenues will keep being the same no matter the change in the price.
When a firm lower the price of a good it can increase the revenues if the product has an elastic demand, it means that the porcentage of change in the quantity demanded is bigger than the porcentage in the change of the price, and if the product has an inelastic demand, the revenues will decrease. Price demand is inelastic when the porcentage of change in the quantity demanded is smaller than the porcentage in the change of the price.
