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3 years ago

An isoquant is a curve that represents combinations of:_______.

Business

1 answer:

baherus [9]3 years ago

7 0

Answer:

two inputs which are capable of producing the same level of output.

Explanation:

Isoquant is a word made up of two parts. Iso is one and quant is for quantity not output.

It means a combination of inputs that give a certain output.

The factors of production can be substituted for each other to produce the same quantity of a product. These combinations are called isoquant.

Plotting all possible combinations that give a level of output gives the isoquant curve

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Swifty Company incurred the following costs during the year: direct materials $24.40 per unit; direct labor $13.10 per unit; var

DerKrebs [107]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Swifty Company incurred the following costs during the year: Direct materials $24.40 per unit

Direct labor $13.10 per unit

Variable manufacturing overhead $16.00 per unit

Variable selling and administrative costs $11.00 per unit

Fixed manufacturing overhead $132,000

Fixed selling and administrative costs $12,000.

Swifty produced 6,600 units and sold 6000 units.

A) Absorption costing= direct material + direct labor + variable overhead + fixed overhead

Absorption costing= 24.4 + 13.1 + 16 + (132,000/6,600)= $73.5

B) Variable costing= direct material + direct labor + variable overhead + Variable selling and administrative costs

Variable costing= 24.4 + 13.1 + 16 + 11= $64.5

4 0

3 years ago

Land, buildings and equipment are acquired for a lump sum of $ 850 comma 000. The market values of the three assets are, respec

Elodia [21]

Answer: $168,131.87

Explanation:

In such a Scenario where a group of Fixed Assets were purchased for a lump sum amount and the individual figures are needed for proper accounting records, the market values of the component assets can be used to determine how the lump sum should be apportioned.

This can be done using the following formula,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

The Asset in question here is the Equipment.

The total sum of the Market Values is,

= 250,000 + 480,000 + 180,000

= $910,000

The market value of the Equipment is $180,000 and the lump sum was $850,000.

The cost of Equipment will therefore be,

=(Lump sum amount/ Sum of market values) x Market value of fixed asset

= (850,000 / 910,000) * 180,000

= $168,131.87

8 0

4 years ago

Lemony Company made sales of $38,000 million during 2018. Cost of goods sold for the year totaled $16,340 million. At the end of

Evgesh-ka [11]

Answer:

Gross profit = 57%

Inventory turnover = 8.60 Times

Explanation:

The gross profit percentage can be calculated by dividing the gross profit by sales. Inventory turnover can be calculated by dividing the cost of goods sold by the average inventory, in this case average inventory is not given in the question. Average inventory can be calculated by dividing the sum of opening and closing inventory with 2.

Gross profit = (Sales - Cost of goods sold) / Sales x 100

Gross profit = (38,000 - 16,340) /38000 x 100%

Gross profit = 21,660/38,000 x 100

Gross profit = 57%

Inventory turnover = Cost of goods sold / Average inventory

Inventory turnover = 16340/1900

Inventory turnover = 8.60 Times

Average inventory = (1800 + 2000) /2

Average inventory = 1900 Million

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3 years ago

If you are unhappy about the current transportation system, which of the following politicians will you vote for?

katrin2010 [14]

Answer:

It would be B because these politicians would improve the roads and the means of transportation

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3 years ago

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7nadin3 [17]

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