What is VISA? Is it a bank?

Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current cost to manufacture 10,000 re

erastova [34]

Answer:

$30,000

Explanation:

The computation of the difference in cost

Particulars Make Buy (Increase) Decrease in income

Direct material $65,000 $(65,000)

Direct labor $55,000 $(55,000)

Variable Overheads $30,000 $(30,000)

Outside purchase price $180,000 $180,000

Total relevant Cost $150,000 $180,000 $30,000

The $180,000 is come from

= 10,000 × $18

= $180,000

4 0

4 years ago

Which of the following are assumptions of perfect competition? Group of answer choices The products are identical. consumers hav

Ahat [919]

Answer:

All of them

Explanation:

Perfects competition represents an ideal market condition with many buyers and sellers. The presence of a large number of buyers and sellers creates room for competition. A market is in a perfect competition if the following traits are present.

A large number of firms in the market, both buyers and sellers,
Freedom of entry and exit in the market. No cost barriers for new entrants and exciting firms
All firms produce a similar product.
Absence of Price Control
Buyers have Perfect Knowledge of the Market
Unrestricted movement of the Factors of Production and Goods
Perfect Competition among Buyers and Sellers

7 0

3 years ago

Workers at a local mining company are paid $25.60 per hour, and they have incorporated a 3 percent annual raise in their contrac

zhenek [66]

Answer:

Inflation simply explained is the increase in the prices of items over time. A higher inflation means higher rise in prices. In this case if the inflation rate is greater than the expected inflation rate (5% instead of 3%), the actual real wage will be less than $25.60.

The unemployment rate will decrease as workers have been relatively cheaper and the firms will also gain from the excess supply of cash due to unexpected higher inflation, and firms will higher more.

There will not be a trade off between inflation and unemployment if workers are able to perfectly adjust their inflation expectations.

6 0

3 years ago

Read 2 more answers

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. F

masha68 [24]

Answer:

Closing Units = (710 units - 490 units)= 220 units

a) FIFO : closing inventory = $14,040

Mar 18 purchase 20 *$62 =$1,240

Mar 25 purchase 200 *$64 = $12,800

b) LIFO : closing inventory = $12,780

Mar 1 opening = 90 * $52 =$4,680

Mar 18 purchase = 110 * $62 = $6,820

Mar 25 purchase = 20*$64 =1,280

c) Weighted Average Method (WAM) :

WAM= (Opening cost + purchases cost)/(opening units +units purchased)

= ($7,800+$14,250)/(150+250) = $55.125 cost before Mar 9 sale

WAM(after the first sale) = ($4,961.25 +$6,820 + $12,800)/(90+110+200)

= $61.45

Closing Inventory = $61.45*220 =$13,519

d) Specific Identification :Closing Inventory = $13,070

Mar 01 opening = 60 *$52 =$3,120

Mar 5 Purchase = 30*$57 =$1,710

Mar 18 Purchase = 40*$62 =$2,480

Mar 25 Purchase = 90*$64 =$5,760

Explanation:

The Question is incomplete. I have provided the missing part of the question below.

Date Activities Units Acquired at Cost Units Sold at Retail

Mar. 1 Beginning inventory 150 units $52.00/unit

Mar. 5 Purchase 250 units $57.00/unit

Mar. 9 Sales 310 units $87.00/unit

Mar. 18 Purchase 110 units $62.00/unit

Mar. 25 Purchase 200 units $64.00/unit

Mar. 29 Sales 180 units $97.00/unit

Totals 710 units 490 units

5 0

4 years ago

What is a plan to help you reach your financial goals called?

Vikentia [17]

Answer: Primemerica

Explanation: Its a financial company where you get to build a business within the company. You will be helping families financially. You going to help people get out of debt, make sure they have the right amount of life insurance coverage, and show them how to reach their goals (such as saving for retirement, college fund, vacation, buying a house, or whatever their goals are). Most people don't have a plan on how to reach their goals. Without a plan, their goals will never come true because there are too many distractions in life.

Besides helping families, you can also recruit people into your business and every recruit has the same opportunity as you do. Why recruit? For one, there's only 24 hours in a day and you are just 1 person. How much work can you do by yourself? If you recruit people, more work gets done. Second, you get to make new friends by recruiting. Third, you override your recruits. That means every time your recruit helps a family, the company pays you an override. An override is not a split in commissions. Its profits earn from a sale. That's how every business work. For example, if you worked at McDonalds, every time you sell a burger, the company earns a profit. Do you think the owner of a McDonalds restaurant is there? Of course not. He or she is probably enjoying life.

Override leads to freedom. The top earners in this company earning millions of dollars per year really don't do any work anymore. They live off overrides and residual income (which is work they done in the past continues to pay them forever). Some of these million dollar earners do training and teach others valuable lessons on how to build a business. If you look at the background of these million dollar earners, most of them came from a poverty or middle class families. Are these people any better than you or me? Of course not. They just worked harder than anyone else. Will you get to be a million dollar earner? Only if you work as hard as they did and do it long enough. It all depends on how badly you want it and how much do you believe in yourself.

4 0

3 years ago