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3 years ago

The price-elasticity of demand coefficient, ed, is measured in terms of

1 answer:

6 0

The price-elasticity of demand coefficient measures the percentage change in demand compared to the percentage change in price. This is on a scale up to 1, with 1 meaning the demand is perfectly elastic and every change in price results in a significant change in demand.

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A German toy company manufactures its products within U.S. borders. If the

shutvik [7]

Answer:

Explanation:

3 0

3 years ago

Read 2 more answers

Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, m

DanielleElmas [232]

Answer:

Bavarian Chocolate Company

Blending Department

1. Cost of Production Report:

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

(See the workings of this report below.)

2. Change in direct materials cost per equivalent unit

Increase or Decrease

Materials Conversion

September $16.50 $6.005

October $16.51 $5.99

Amount $0.01 $0.015

Increase Decrease

Explanation:

a) Data and Calculations:

partial work in process account of the Blending Department at October 31, 2014:

Date Item Debit Credit Balance

Oct.1 Bal., 2,300 units, 3/5 completed 46,368

31 Direct materials, 26,000 units 429,000 475,368

31 Direct labor 100,560 575,928

31 Factory overhead 48,480 624,408

31 Goods transferred, 25,700 units 578,378 46,030

31 Bal., 2,600 units, 1/5 completed 46,030

Ending units in process:

Beginning units in process 2,300

Direct materials 26,000

Units available for production 28,300

Units transferred out 25,700

Ending units in process 2,600

Equivalent units of production: Materials Conversion

Units started and completed = 25,700 25,700 25,700

Ending WIP 2,600 2,600 520 (1/5 * 2,600)

Equivalent units produced 28,300 26,220

Cost per unit of direct materials = $429,000/26,000 = $16.50

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $466,950 $157,458

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.50 $6.005

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,050 $154,328 $578,378

Ending WIP (2,600/520) 42,900 3,130 46,030

Total $466,950 $157,458 $624,408

2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October.

Cost of production: Materials Conversion Total

Beginning WIP $38,295 $8,073 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $467,295 $157,113 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $467,295 $157,113

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.51 $5.99

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,307 $153,943 $578,250

Ending WIP (2,600/520) 42,926 3,115 46,041

Total $467,233 $157,058 $624,291

5 0

3 years ago

Miller Inc. Is a large corporation preparing to acquire GrowIt, a start-up business. Miller has many policies and procedures bas

deff fn [24]

Answer:

by identifying the differences and developing employee's skills in conflict resolution

Explanation:

Human Resource Management is the key area for success of any organization. This is basically because managing any office is easy with good personnel employed.

Thus, training in employees on the Human Resource level, might help in overcoming any kind of conflict faced by such employees, of each of the companies.

HR personnel are responsible for satisfaction among employees, for this they have to agree on certain policies of giving compensation, appraisals and rewards. Thus, both the companies HR personnel shall involve themselves in developing the skills in employees for resolution of conflict.

7 0

3 years ago

Sarah Covington, a sales manager at Synergy Corporation Bank, often keeps low expectations of her team. She feels that they are

Roman55 [17]

Answer:

Self-fulfilling prophecy

Explanation:

Self-fulfilling prophecy is the term which is defined as the phenomenon of socio- psychological of expecting something or predicting and this prediction comes true as one believes it will and the consequences behaviors align for fulfilling those beliefs.

In short, it states that the people belief could influence their actions.

So, in this case, the concept which state the team poor performance is the self- fulfilling prophecy.

4 0

3 years ago

Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price

Roman55 [17]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Standard quantity= 7.8 grams per unit of output

Standard price= $6.50 per gram.

During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.

To calculate the material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.5 - 6.7)*27,900

Direct material price variance= $5,580 unfavorable.

It is unfavorable because the actual price was higher than estimated.

4 0

3 years ago