As long as total utility is increasing, we know that marginal utility is:

Big Trail Running Company has started to produce running apparel in addition to the trail running shoes that they have manufactu

Andrew [12]

Answer:

Option (C) is correct.

Explanation:

For Machining department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$1,000,000 ÷ (130,000 + 70,000) machine hours]

= $1,000,000 ÷ 200,000 machine hours

= $5.00 per machine hour

For Finishing department,

Manufacturing overhead rate:

= Estimated Overhead cost ÷ Amount of allocation base

= [$100,000 ÷ (9,000 + 71,000) direct labor hours]

= $100,000 ÷ 80,000 direct labor hours

= $1.25 per labor hour

8 0

3 years ago

The following information was obtained from MCB Manufacturing, Inc.:Advertising Costs $9,900Indirect Labor 53,000CEO's Salary 6

Eddi Din [679]

Answer:

The MCB Manufacturing's total product costs is $170,560

Explanation:

The computation of the total product cost is shown below:

Total product cost = Indirect Labor + Direct Labor + Indirect Materials Used + Direct Materials Used + Factory Utilities + Factory Janitorial Costs + Manufacturing Equipment Depreciation

= $53,000 + $40,000 + $7,500 + $65,000 + $760 + $1,200 + $3,100

= $170,560

Thus, the product cost is that cost which includes all types of direct and the indirect costs which are used to ready the product.

8 0

3 years ago

During January, the solar cell factory begins 57,000 solar cells, and completes 53,000 of them. The remaining 4,000 solar cells

pogonyaev

Answer:

"2000 units" is the right solution.

Explanation:

The given values are:

Transferred from WIP,

= 53,000 units

Units sold,

= 61,000 units

Beginning inventory,

= 10000 units

Now,

The total number of finished goods will be:

= $( Beginning \Inventory + Transferred \ from \ WIP - Units \ Sold )$

On substituting the values, we get

= $( 10000 + 53000 - 61000 )$

= $2000 \ Units$

4 0

2 years ago

The manager of Viking Sports finds that the price elasticity of baseball bats is −0.77. He wants to hold a sale to get rid of hi

kow [346]

The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.

6 0

3 years ago

Large purchased all of Small's voting stock for $11 million when Small's total owners' equity was $4 million. The book value and

hoa [83]

Answer:

The amount of goodwill that is recorded by Large is $5 million

Explanation:

Goodwill is the excess of price consideration paid to acquire controlling stake in a company over the fair value of the company's net assets.

Net assets in the sense implies the fair value of total assets less fair value of liabilities.

Fair value of total assets is $9 million

Fair value of liabilities is $3 million

As a result net assets upon acquisition is $6 million($9 million less $3 million)

Since the consideration paid in acquiring Small's voting stake is $11 million, goodwill is $5 million($11 million less $6 million).

The $ 5 million is the excess of purchase consideration over the fair value of Small's net assets as at the date of acquisition

8 0

3 years ago