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Strike441 [17]
3 years ago
9

Atlas Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put in

to production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 television sets during the month. Assume that there were no beginning or ending work in process balances. What was the total product cost for last month? a.$2,110,000 b.$1,300,000 c.$1,925,000 d.$1,250,000
Business
1 answer:
maks197457 [2]3 years ago
8 0

Answer:

The correct answer is C: $1,925,000

Explanation:

Giving the following information:

Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000.

Total product cost= direct material + direct labor + MOH= 550000 + 880000 + 495000= $1,925,000

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Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the A. supply of
prohojiy [21]

Answer:

<em>B. demand for Apple computers decreases.</em>

Explanation:

If two things are substitute of each and other, that generally in simple words means either this or this. As we can see in the statements that has been provided in the question that Dell and Apple computers are substitute of each other, <em>so if the amount from Dell computer decreases then the demand of the computers made by Apple company will absolutely decrease. </em>

Because two devices which carries almost same qualities and features are also substitute of each other, i<em>f price of one device from the both substitutes will decrease, everyone will rush to buy the device with low price and the device with high price will get less popular among the consumers.</em> So, this is the reason which says OPTION(B) is the correct answer.

7 0
3 years ago
Harlen Company is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with
erica [24]

Answer:

C. $1,370,000

Explanation:

Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity

Direct material $340,000

Direct labor $610,000

Allocated variable overhead $420,000

Minimum bid price $1,370,000

($340,000+$610,000+$420,000)

Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000

4 0
3 years ago
On january 8th your account was charged $30.00 for an overdraft fee. why did that happen?
Zanzabum

On January 8th the account was charged $30.00 for an overdraft fee because It was time to pay the monthly account maintenance charge.

<h3>Why bank charges an overdraft fee?</h3>

When a bank's customer don't have enough money to cover a purchase made using a debit card or a cheque, then the bank will charge the overdraft fee. Rather of denying a charge, the bank will pay it and charge a fee.

In the given case, because it was time to pay the monthly account maintenance charge, the account was charged $30.00 for an overdraft fee on January 8th.

Therefore, bank charged overdraft fee as the date of payment comes.

Learn  more about the overdraft fee, refer to:

brainly.com/question/1739416

#SPJ1

5 0
2 years ago
In capitalism, what does competition do for consumers?
borishaifa [10]

It keeps prices fair for consumers who are trying to buy there products.


- R3KTFORGOOD ☕

7 0
3 years ago
The relationship between borrowed reserves (BR), the nonborrowed monetary base (MBn), and the monetary base (MB) is Question 14
AnnyKZ [126]

Answer:

Option C.

Explanation:

Borrowed reserves = Monetary base - Nonborrowed monetary base

Borrowed reserves are the money that the Federal Reserves System member borrows from the Federal Reserve Bank to maintain the required reserve.

Amount of total currency which is in circulation in the public in the present time or the amount of currency which is held in the commercial bank deposits in the central bank's reserves is termed as Monetary Base.

The fund that is held by a financial institution in cash is termed as Nonborrowed Monetary Base.

3 0
3 years ago
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