When demand curves intersect, the curve with the larger slope in absolute value (the steeper demand curve) is more elastic?

Describe the relationship between the manager and O.R specialist

vitfil [10]

Answer:

Explanation:

manager

'Sell' the decision to operating managers; get their understanding and cooperation.

6 0

4 years ago

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for t

Novay_Z [31]

Answer:

Labor Rate Variance:

= Actual direct labor hours × (per actual direct labor hour price - per Standard direct labor hour price)

= 368 × (16.50 - 15)

= $552 U

Labor Efficiency Variance:

= Per Standard direct labor hour price × (Actual direct labor hours - Standard direct labor hours)

= 15 × (368 - 400)

= $480 F

The journal entry to record labor variances is:

Work in process A/c Dr. $6000

Labor rate variance A/c Dr. $552

To Labor efficiency variance $480

To Payroll $6,072

(To record labor variances)

3 0

4 years ago

At the beginning of the current period, Chen carried 1,000 units of its product with a unit cost of $10. A summary of purchases

jeka94

Answer:

a. Cost of Goods Sold under FIFO method - $ 29.800

Ending inventory under FIFO method - $ 28,400

b. Cost of Goods Sold under average cost method - $ 33,950

Ending inventory under average cost method - $ 24,250

Explanation:

Units Unit Cost Cost

Beginning Inventory 1,000 $10 $10,000

Purchase #1 1,800 $ 11 $ 19,800

Purchase #2 800 $ 13 $ 10,400

Purchase #3 1,200 $ 15 $ 18,000

Total available 4,800 $ 58,200

Units sold ( 2,800)

Ending Inventory 2,000

Computations under FIFO method

In the FIFO method of cost flows, the cost of goods sold are considered from the opening inventory and the earlier purchases. The ending inventory is from the later purchases.

Cost of goods sold

Units sold 2,800

Opening inventory 1,000 units @ $ 10 $ 10,000

Purchase # 1 1,800 units @ $ 11 $ 19,800

Total cost of Goods sold $ 29,800

Ending Inventory

Units on hand 2,000

Purchase #2 800 $ 13 $ 10,400

Purchase #3 1,200 $ 15 $ 18,000

Ending Inventory $ 28,400

Computations under Average Cost method

Under average cost method, the cost of goods sold and the ending inventory is valued at the average cost of the goods available for sale divided by the number of units.

The average cost is calculated by dividing the total cost by the available units

Total Cost $ 58,200

Units available 4,800

Average cost per unit $ 12.13

Cost of goods sold = Units sold * Average cost = 2,800 * $ 12.13 = $ 33,950

Ending Inventory- Units in hand * Average Cost = 2,000 * $ 12.13= $ 24,250

6 0

3 years ago

Read 2 more answers

Howard Company has 10,000 shares of $200 par value, 6% cumulative preferred stock and 150,000 shares of $50 par value common sto

Maksim231197 [3]

Answer:

Dividend - Preferred stock = $120000

Dividend - Common stock = $680000

Explanation:

The amount of dividend that is paid to each class of stock can be calculated by first calculating the dividend payable to preferred stock. The amount of dividend on preferred stock is fixed and is paid before the common stockholders are paid. Thus, dividend on preferred stock per year is,

Dividend - Preferred stock = 10000 * 200 * 0.06 = $120000

Thus, out of $800000 cash dividends, $120000 will be paid on the cumulative preferred stock.

Remaining dividend = 800000 - 120000 = $680000

The remaining $680000 will be paid to the common stockholders.

8 0

3 years ago

Assume you have 1000 shares of Microsoft, and they want to buy back their shares, would you sell your shares to them? OR you wou

kondor19780726 [428]

Answer:

no, i wouldn't

Explanation:

most likely the stock market is doing well and they want to keep the money, so thats why they'd buy them back. they want to keep the money for themselves.

6 0

3 years ago

When demand curves​ intersect, the curve with the larger slope in absolute value​ (the steeper demand​ curve) is more elastic?

When demand curves intersect, the curve with the larger slope in absolute value (the steeper demand curve) is more elastic?