Answer:
Job 301 $ 11,000
Job 302 $ 16,500
Job 303 $ 22,000
Explanation:
To calculate the overhead rate <u>we divide the estimated overhead cost by the estimated cost driver:</u>
0.55 overhead rate
Job 301 $20,000 labor cost x 0.55 overhead rate
11,000
Job 302 $30,000 labor cost x 0.55 overhead rate
16,500
Job 303 $40,000 labor cost x 0.55 overhead rate
22,000
Answer:
neither
producer surplus
consumer surplus
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
The first scenario is neither a producer or consumer surplus because a transaction did not take place
The second scenario is a producer surplus.
the producer surplus = 60 - 55 = 5
The third scenario is a consumer surplus
consumer surplus = $114 - $107 = $7
Nations are unable to react by placing limitations on other imports from Saudi Arabia.
What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.
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The reported ending inventory was $43,112 thousand. If FIFO were used exclusively, the ending inventory would have been $6,964 thousand higher than reported, or $50,076 thousand.
Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
The manufacturer has three types of inventory. There are raw materials (awaiting processing), work in process (processed), and finished goods (preparing for shipment). The LIFO method assumes that the most recently purchased inventory units are sold.
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Answer:
there is a tradeoff between safety and fuel economy
Explanation:
Tradeoff is also known as opportunity cost. It is the cost of the next best option forgone when one alternative is chosen over other alternatives
By choosing fuel economy, auto manufacturers are reducing safety of cars. This is an example of a tradeoff
