Explanation:
Italy's opportunity cost of producing a pound of cheese is
= 5 barrels of beer
Germany's opportunity cost of producing a pound of cheese is
= 10 barrels of beer
Italy's opportunity cost of producing a barrel of beer is
=
= 0.2 pounds of cheese
Germany's opportunity cost of producing a barrel of beer is
=
= 0.1 pounds of cheese
Italy has a comparative advantage in producing cheese, while Germany has a comparative advantage in producing beer.
A country is said to be enjoying a comparative advantage if it can produce a good at a lower opportunity cost.
Italy can gain from trade if it is getting more than 5 barrels of beer for each pound of cheese. Similarly, Germany can gain from trade if it is getting more than 0.1 pounds of cheese.
Both the countries will gain from the trade if the price of trade is 8 barrels of beer per pound of cheese and 9 barrels of beer per pound of cheese.
Italy will not accept 3 barrels of beer per pound of cheese and 1 barrel of beer per pound of cheese because it is not covering the opportunity cost.
Answer:
Explanation:
Determine how much of the amount paid to corporation D for advertising and promotional services can D lawn and Garden Supply deduct in 2019
(200 lawn x $15) receives $3,000 for advertising and promotion from D lawn and Garden Supply; however corporation D spent only $2,750
Thus D lawn and Garden Supply can only deduct $2750 because economic performance for services occur when the services are provided to the taxpayer.
Determine how much of the amount paid to corporation D for advertising and promotional services can D lawn and Garden Supply deduct in 2020
(350 lawn x $15) receives $5,250 for advertising and promotion from D lawn and Garden Supply; however corporation D spent only $5,500
However, D lawn and Garden Supply can deduct $5,500 for promotion expense, which includes $5,250 paid in 2020 and $250 paid in 2019
Answer:
a.$20 per keyboard
Explanation:
The computation of the variable cost per computer keyboard is shown below:
= Direct material per unit + Direct labor per unit + Variable overhead per unit
= $10 per unit + $6 per unit + $4 per unit
= $20 per keyboard
Basically, we added the Direct material per unit, Direct labor per unit, and the Variable overhead per unit so that the variable cost per computer keyboard could come
The amount of the adjusting entry on December 31 is: $3400.
<h3>Amount of adjusting entry</h3>
Using this formula
Amount of adjusting entry=Prepaid rent/ Number of months
Let plug in the formula
Amount of adjusting entry=$10,200/3 months
Amount of adjusting entry=$3,400
Therefore the amount of the adjusting entry on December 31 is: $3400.
Learn more about adjusting entry here:brainly.com/question/13933471
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Answer:
The answer is $11 per unit.
The standard cost card for this product would show a cost per unit of $11.
Explanation:
The workings are attached.
The formula used is as follows:
<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>
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