Answer:
Explanation:
America has an absolute advantage in selling everything, a comparative advantage in selling mobile phones, a comparative advantage in selling tablets in Brazil
so we choose D
Answer:
67,600 tons
Explanation:
Weighted average costing adds the value of beginning inventory in the period cost to calculate the average cost per unit.
According to this method the equivalent units formula is as follow
Equivalent Units = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage
Conversion
Equivalent Units = 55,000 + 18,000 x 70% = 67,600 units
Answer:
the total product cost is $188,800
Explanation:
The computation of the total product cost is given below:
= Direct material + direct labor + Total manufacturing overhead
= $88,000 + $44,500 + $56,300
= $188,800
Hence, the total product cost is $188,800
We simply added the above 3 items to determine the total product cost
Based on the information given the profit per item is $2.90.
First step is to calculate the company profit
Profit=(100%-2%)×$5
Profit=98%×$5
Profit=$4.9
Second step is to calculate the profit per item
Profit per item=$4.9-($100×2%)
Profit per item=$4.9-$2
Profit per item=$2.90
Inconclusion the profit per item is $2.90.
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