An increase in the demand for a good is represented by:

Cost advantages that accrue for firms with larger output because they can spread fixed costs over more units and can employ tech

xeze [42]

Cost advantages that accrue for firms with larger output because they can spread fixed costs over more units and can employ technology more efficiently are called:

Economies of scale

<h3>What are Economies of scale?</h3>

Economies of scale is a term that is used to describe the cost advantages that a company gets because they have increased the level of production. There are different types of economies of scale.

Some of these are the financial, technical, and purchasing economies of scale. So, when the purchasing strength of the organization increases, then there is an economy of scale.

Learn more about the economies of scale here:

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6 0

2 years ago

Suppose that Thierry and Abdul are duopolists. Thierry is producing 700 units of output, and Abdul is producing 500 units of out

Sergio [31]

Answer:

b. in a competitive market.

Explanation:

8 0

4 years ago

Read 2 more answers

At mary kay cosmetics, an annual awards ceremony is held where beauty consultants are dressed glamorously and received awards f

Luden [163]

The element that a Mary Kay Cosmetics annual awards ceremony is the Organizational element of Rites and Rituals. Having beauty consultants dress glamorously and receive awards for sales goal achievements is a kind of celebration of the beauty consultants’ efforts, and the occasion for dressing glamorously makes them feel part of something bigger than themselves.

8 0

3 years ago

Which of the following statements concerning general ledger accounts is true?

scoundrel [369]

The typical general ledger accounts usually do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Option C

<u>Explanation: </u>

Typical general accounting generations typically do not provide the accounting information required to schedule and monitor the production activities by job-cost managers.

A general account is a database used to organize, store and sum up transactions of a business. Such accounts shall be divided into a general leader (and a map of account), accompanied by the balance sheet accounts first.

A number that all agencies can use shall be allocated to each general ledger account. A number is also allocated to separate accounts in each division. The range of transactions involving most small businesses assigns a number of three or four digits to each account.

8 0

4 years ago

DL and MOH budget: The Production Department of Top of The World Corporation has submitted the following forecast of units to be

alexira [117]

Answer and Explanation:

a. The computation of the total estimated direct labor cost is shown below:

Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Units to be produced 10,700 9,700 11,700 12,700 44,800

Multiply Direct labor hour per unit 0.25 0.25 0.25 0.25 0.25

Total Direct labor hour required 2675 2425 2925 3175 11200

Multiply Direct labor rate per hour $14 $14 $14 $14 $14

Estimated Direct labor cost $37,450 $33,950 $40,950 $44,450 $156,800

b. The total estimated manufacturing cost and the cash disbursement is shown below:

Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Units to be produced 10,700 9,700 11,700 12,700 44,800

Direct labor hour per unit 0.25 0.25 0.25 0.25 0.25

Multiply Total Direct labor hour required 2675 2425 2925 3175 11200

Variable manufacturing overhead rate $2 $2 $2 $2 $2

Estimated Variable manufacturing overhead cost $5,350 $4,850 $5,850 $6,350 $22,400

Add: Fixed manufacturing overhead $67,000 $67,000 $67,000 $67,000 $268,000

Total estimated manufacturing overhead $72,350 $71,850 $72,850 $73,350 $290,400

Less: depreciation $16,000 $16,000 $16,000 $16,000 $64,000

Cash disbursement for manufacturing overhead $56,350 $55,850 $56,850 $57,350 $226,400

We simply applied the above format to find out the manufacturing overhead, cash disbursement, and the direct labor cost

7 0

4 years ago