Answer:
Option (C) is correct.
Explanation:
Manufacturing costs:
= Direct Materials + Direct Labor + Variable overhead
= $160,000 + $80,000 + (150,000 × 75%)
= $160,000 + $80,000 + $112,500
= $352,500
Operating income:
= Sales (1,100 units) - Manufacturing costs
= $370,000 - $352,500
= $17,500
Therefore, if Model A02777 is dropped from the product line, operating income will decrease by $17,500.
In Economic theory, we learn that generally, the more older people there are, there is an increase in the demand of healthcare. As a result, the increase in demand for healthcare may increase prices and cause a higher demand for doctors and nurses.
Answer:
the inventory should be recorded at $8,500
Explanation:
As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower
So as per the question
Historical cost is $12,000
And, the net realizable value is
= Expected selling price - expected selling cost
= $9,000 - $500
= $8,500
So, the lower cost is $8,500
Hence, the inventory should be recorded at $8,500
Answer:
C) standardization strategy
Explanation:
standardization strategy can be regarded as one whereby a business owner or firm give same treatment to the whole world as if it's just one market that have just small meaningful variation It's base on an assumption that needs of people can be met with a product.
Answer:
Tom is responsible for his negligence.
Explanation:
Tom was a flower delivery so he should have a valid driving license. The florist was on his delivery route and he just stopped to take a water bottle. Since he might be in hurry as flowers are perishable and it is responsibility of the delivery man to deliver the flowers fresh to its customers. He took an illegal turn in hurry and hit the motorcycle. The motorcyclist can claim the repair expense from tom since it is his negligence.
