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3 years ago

The supply curve represents the _ price at which a firm is willing to _.

1 answer:

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<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>

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3 years ago

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D. Using customer's past purchase history to send information about related products and services the customer may be interested in

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2 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

Job 1 Job 2 Job 3

Direct materials used $(a) $83,000 $63,150

Direct labor 50,000 140,000 (h)

Manufacturing overhead applied 42,500 (d) (i)

Total manufacturing costs 145,650 (e) 213,000

Work in process 1/1/14 (b) 15,500 18,000

Total cost of work in process 201,500 (f) (j)

Work in process 12/31/14 (c) 11,800 (k)

Cost of goods manufactured 192,300 (g) 222,000

Job 1 Job 2 Job 3

Direct materials used $53,150 $83,000 $63,150

Direct labor 50,000 140,000 81,000

Manufacturing overhead applied 42,500 119,000 68,850

Total manufacturing costs 145,650 342,000 213,000

Work in process 1/1/14 55,850 15,500 18,000

Total cost of work in process 201,500 357,500 231,000

Work in process 12/31/14 9,200 11,800 9,000

Cost of goods manufactured 192,300 345,700 222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

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2 years ago

Direct labor on the February cost of production report (weighted-average method) revealed a cost per equivalent unit of $0.30. T

aleksandrvk [35]

Answer:

Kindly find the complete questions attached.

a) 325,000 units were transferred to finished goods

direct materials 171,053

direct labor 85,526

factor overhead 68,421

(b) February's equivalent units of production was 445,000 units :

direct materials 234,211

direct labor 117,105

factor overhead 93,684

(d) The cost of direct labor introduced into production in February was $35,132

(e) The factory overhead application rate was 80% of Direct Labor

(f ) Of the total cost (beginning inventory plus additional production cost), allocation to

ending work in process is 120,000 units costing $80,211

(g) Of the total cost (beginning inventory plus additional production cost), transfer to finished goods inventory is $217,237

(h) February's gross profit is $373,363

Please review the attached for detailed workings and presentation of the answers

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3 years ago

The supply curve represents the _____ price at which a firm is willing to _____.

The supply curve represents the _ price at which a firm is willing to _.