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3 years ago

What is brad's opportunity cost of producing one pound of beef?

Business

1 answer:

arlik [135]3 years ago

3 0

Answer:

ΔBrad /ΔBeef

Explanation:

Opportunity Cost is the cost of next best alternative forgone while making a choice. Eg : If a school teacher is Rs 20000, he / she could have taken coaching classes & earned Rs 15000, the opportunity cost of school teaching is coaching earnings i.e Rs 15000.

Marginal Opportunity Cost is the quantity of a good sacrifised to gain an additional quantity of another good .

MOC = Δ good sacrifised /Δ good gained.

MOC (Brad for a Beer) = ΔBrad /ΔBeef

{∵beef = good sacrifised , brad = good gained}

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Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct l

GarryVolchara [31]

Answer:

$4,089 Unfavorable

Explanation:

Data provided

Standard variable rate = $9.20

Direct labor hours = 1,160

Variable manufacturing overhead costs = $14,761

The computation of variable overhead rate variance is shown below:-

Variable overhead rate variance = (Standard variable rate - (Variable manufacturing overhead costs ÷ Direct labor hours)) × Direct labor hours

= ($9.20 - ($14,761 ÷ 1,160) × 1,160

= ($9.20 - $12.725) × 1160

= $4,089 Unfavorable

Therefore for computing the variable overhead rate variance we simply applied the above formula.

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3 years ago

Which of the following would be an example of a NEED? A. a warm winter coat B. designer shoes C. your favorite candy D. a new pa

Vikentia [17]

A. A warm winter coat

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3 years ago

Read 2 more answers

A large national bank charges local companies for using their services. A bank official reported the results of a regression ana

Snowcat [4.5K]

Answer:

The correct option is (b).

Explanation:

The regression equation to predict the bank's charges (Y) measured in dollars per month for services rendered to local companies based upon the company's sales revenue (X) measured in millions of dollars is:

$\hat Y=-3100+27X$

The y-intercept of the line is, -3100.

The slope of the line is, 27.

The y-intercept of a regression line is defined as the average value of the dependent variable when the independent variable value is 0.

The dependent variable, in this case, is the bank's charges and the independent variable is the company's sales revenue.

As the company's sales revenue cannot be $0, the y-intercept cannot be interpreted.

Thus, the correct option is (b).

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3 years ago

The 10-year bond of Crown Electronics is selling at $960 each. The bond has a coupon rate of 8% and par value of $1,000. The fir

stich3 [128]

Answer: 5.36%

Explanation:

The after-tax cost of debt refers to the interest that is paid on debt which is then less the income tax savings as a result of the deductible interest expenses.

When calculating the after-tax cost of debt, the effective tax rate of a company should be subtracted from 1, after which the difference will be multiplied by the cost of debt. This will therefore be:

= Rate (10,8% × 1000, -960 + 20, 1000) × (1-40%)

=5.36%

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3 years ago

Damien McCoy has loaned money to his brother at an interest rate of 5.85 percent. He expects to receive $987, $1,012, $1,062, an

yKpoI14uk [10]

Answer:

The answer is: $3,657

Explanation:

To determine the amount of the loan we have to calculate the present value of the future payments discounting the interest rate of 5.85%.

PV loan = $987 + $1,012 + $1,062 + $1,162

1.0585 1.0585^2 1.0585^3 1.0585^4

PV loan = $932.45 + 903.23 + 895.47 + 925.64

PV loan = $3,656.80

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3 years ago