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Artyom0805 [142]
3 years ago
12

Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the

unassembled product is $60 and Sheffield Corp. would sell it for $135. The cost to assemble the product is estimated at $25 per unit and Sheffield Corp. believes the market would support a price of $170 on the assembled unit. What is the correct decision using the sell or process further decision rule?
Business
1 answer:
son4ous [18]3 years ago
7 0

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price                                          $135

cost of un-assembled product            ($60)

Profit on un-assembled  product         $75

Profit if the product is further assembled before sale

Selling price                                         $170

Cost of un-assembled product           ($60)

Cost of assembling product                ($25)

Profit if the product is assembled       $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

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Answer: True

Explanation:

Information asymmetry has to do with the study of decisions taken in transactions where one party has better or more information than the other party. These differences in information or asymmetry leads to a power imbalance in transactions, which can lead to transactions going awry.

When high level of information asymmetry exists between the insiders and outsiders in a business environment, it encourages higher use of debt relative to equity, and more reliance on short- term debt rather than on long- term debt.

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The country of origin effect occurs when the location of a product changed into manufactured affecting how clients understand the product.

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1 year ago
Consider the following information about a simple country that produces two different goods: Year PriceMilk QuantityMilk Price C
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Answer:

Nominal GDP in 2014 was $1000

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Nominal GDP in 2016 was $2500

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Nominal GDP is the market value of goods and services produced in an economy, un-adjusted for inflation.

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Q= quantity

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3 years ago
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7 0
3 years ago
Bledsoe Corporation has provided the following data for the month of November: Beginning Ending Raw materials $ 25,100 $ 21,100
tamaranim1 [39]

Answer:

                        Bledsoe Corporation

Schedule of Cost of goods manufactured

Particulars                                      Amount

Direct materials:  

Beginning material inventory        $25,100.00  

Add: Purchases                              <u>$72,100.00</u>

Raw material available for use      $97,200.00  

Less: Ending material inventory    <u>$21,100.00</u>

Raw material used in production   $76,100.00  

Less: Indirect material                     <u>$4,010.00   </u>   $72,090.00

Direct labor                                                             $92,100.00

Manufacturing overhead applied                          <u>$41,100.00</u>

Total manufacturing costs                                      $205,290.00

Add: Beginning WIP                                                <u>$17,100.00</u>

Total cost of work in process                                 $222,390.00

Less: Ending WIP                                                     <u>$10,100.00</u>

Cost of goods manufactured                                 <u>$212,290.00</u>

                Bledsoe Corporation

                 Schedule of COGS

Particulars                                                    Amount

Cost of goods sold:

Beginning finished goods inventory        $48,100.00

Add: Cost of goods manufactured           <u>$212,290.00</u>

Cost of goods available for sale               $260,390.00

Less: Ending finished goods inventory    <u>$56,100.00</u>

Unadjusted cost of goods sold                 $204,290.00

Add: Underapplied overhead                   <u>$1,010.00   </u>($42,110 - $41,100)  

Adjusted cost of goods sold                    <u>$205,300.00</u>

3 0
2 years ago
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