Hey there!
Your answer is:
D, none of these.
Hope this helps!
Have a great day! (:
Answer:
A. pivot rightward (pivot out) along the horizontal axis
Explanation:
Tea and coffee represent substitute goods. If price of a good increases, this causes an increase in quantity demanded of it's substitute.
In the given case, quantity demanded of tea is measured on horizontal axis while quantity demanded of coffee is measured on vertical axis. The budget constraint for tea and coffee shows different combinations of quantity of tea and coffee demanded within a fixed expenditure.
When price of coffee increases, within the same budget constraint, the quantity demanded of tea shall rise.
This would lead to the budget constraint to pivot rightward (pivot out) along the horizontal axis.
Answer:
Cost of goods sold: 71,000.00
Explanation:
Cost of goods sold (COGS) is the sum of the direct costs attributable to the production of the goods sold in a company.
Formula:
COGS = Beginning Inventory + Purchases during the period − Ending Inventory
Purchases during the period includes Cost of Goods Manufactured and Manufacturing Overhead
In this particular case:
COGS = 3,000.00 + 65,000.00 + 9,000.00 - 6,000.00 = 71,000.00
Answer:
b. $441,000
Explanation:
Calculation for Budgeted direct labor cost
Using this formula
Budgeted direct labor cost= Budgeted production * hours per unit * rate per hour
Let plug in the formula
Budgeted direct labor cost= 28,000 * 1.5 * 10.50
Budgeted direct labor cost= 441,000
Therefore the Budgeted direct labor costs for June would be 441,000