The Commerce Department reported that in December 2015, retail sales rose by 0.2, net exports decreased, inventories held by bus
1 answer:
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Answer:
Paper Rock Scissors
Machine-hours (D / A) 4 2.06 3.00
Direct Labor-hours(D / B) 8 9 9.62
Direct Labor- cost (D / C) 0.5 0.59 0.91
Explanation:
We will dive the overhead among the roposer cost driver in each case:
Paper Rock Scissors
A.-Machine-hours 100,000 210,000 125,000
B.-Direct Labor-hours 50,000 48,000 39,000
C.- Direct Labor- cost 800,000 735,000 410,000
D.- overhead cost 400,000 432,000 375,000
Machine-hours (D / A) 4 2.06 3.00
Direct Labor-hours(D / B) 8 9 9.62
Direct Labor- cost (D / C) 0.5 0.59 0.91
Consider a town in which only two residents, Hubert and Kate, own wells that produce water safe for drinking. Hubert and Kate can pump and sell as much water as they want at no cost. For them, total revenue equals profit.
The following table shows the town's demand schedule for water,
Quantity Demanded Total Revenue (Dollars per gallon) (Gallons of water) (Dollars) $247.50 $450.00 $607.50 4.00 180 $720.00 $787.50 3.00 270 $810.00 $787.50 2.00 $720.00 $607.50 $450.00 $247.50 (Look at attached image for clearer image)
Answer:
$3, $810
Explanation:
By carefully examining the table above we can infer that Hubert and Kate's profit is maximised at $3 unit price.
The total output at this point is 270 with a total Revenue of $810, implying that they will share the amount equally 810/2= $405 for Kate and $405 for Hubert.
