Answer: monopolistically competitive industry
Explanation:
Based on the above information, Hot Wok Cuisine is most likely operating a monopolistically competitive industry.
This is a type of industry whereby the firm's make their own pricing and output decisions. There are large number of competitors, but the products that they sell are slightly different from one another. Also, there some entry barriers.
We can infer that the restaurant differentiates itself from a large number of competitors by providing exclusively organic Chinese cusine and there are entry barriers.
Answer:
Adjusted cost of goods sold 234,900
Explanation:
<em>To calculate the the adjusted cost of goods sold , we need to first determine the over or under applied overhead.</em>
<em>Over applied overhead = absorbed overhead - actual over heads</em>
=$59,200- $55,900
= $3,300
<em>This will be deducted from the the cost of goods produced because it is the amount by the which actual production has been over stated.</em>
The adjusted cost of goods sold is determined as follows:
$
Opening inventory 55,000
Cost of goods manufactured 213,000
Over applied overheads (3,300)
Less closing inventory <u> (30,300)</u>
Adjusted cost of goods sold <u> </u><u>234,900</u>
Answer: Generativity vs Stagnation
Explanation:
Eric Eriksson postulated 8 stages of psychosocial development. These stages are;
1. Trust vs mistrust
2. Autonomy vs shame and doubt
3. Initiative vs guilt
4. Industry vs inferiority
5. Identity vs role confusion
6. Intimacy vs isolation
7. Generativity vs. Stagnation
8. Ego Integrity vs. Despair
Generativity vs. Stagnation stage occurs at adulthood 40-65yrs. At this stage, people want to live a legacy by giving back to society. This includes taking time to train their children. This stage is associated with care.
Answer:
Option A,$4,200 is the correct option to the question
Explanation:
The fixed manufacturing overhead budget for the month is the difference between budgeted fixed manufacturing overhead cost and actual fixed manufacturing overhead cost for the month as shown by the computation below:
Fixed manufacturing overhead budget variance =$52,000-$56,200=-$4,200
The variance is an unfavorable since the actual overhead cost of $56,200 outweighs the budgeted cost of $52,000,hence the correct option is A
