Answer:
A.
Explanation:
Allocative efficiency is when the markets are working in the most economically efficient manner and there are no externalities (no over production or under production of economic goods and services).
Markets are allocative efficiency when the price equals the marginal cost.
Allocative efficiency is at an output which maximizes total consumer welfare.
is reached when no one can be made better off without making someone else worse off.
Occurs when the value that consumers place on a good or service (reflected in the price they are willing and able to paid) equals the cost of the factors resources used up in production.
The correct answer for the question that is being presented above is this one: "c. Sale of $35 off and a successive discount of 10% off." The stores would you pay the least amount for an item that is priced $360 is that <span>c. Sale of $35 off and a successive discount of 10% off.</span>
Answer:
The correct answer is A
Explanation:
Lower of market or cost rule is the one which states or describe that a business or firm need to record the inventory cost at lower, that means whichever cost or the current market price is lower.
It is the term which is best illustrated as the drop or decrease of future utility below the original or the actual cost of the inventory.
Answer:
See below
Explanation:
A. Predetermined overhead
First, we all calculate total overhead cost at the denominator level
Total overhead cost = total fixed overhead + total variable overhead
= $250,000 + (40,000 × $2)
= $250,000 + $80,000
= $330,000
Predetermined overhead rate = Total overhead cost at the denominator level / Budgeted standard direct labor hour
= $330,000 / 40,000
= $8.25
B. Overhead applied
= Standard direct labor hour allowed for actual output × Predetermined overhead rate
= 38,000 × $8.25
= $313,500
Answer:
True
A liability is defined as somehing that a person or a company owes someone else.
