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ale4655 [162]
3 years ago
8

Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the conc

ert. When he arrives at the concert, five different people offer him $70 for his ticket. Jack decides to keep his ticket. At the time he makes this decision, his opportunity cost of seeing Bo Bice is:
Business
1 answer:
valentina_108 [34]3 years ago
3 0

Answer:

$70

Explanation:

The opportunity cost is the value in which the advantage is produced from the options available. The best gain is term as the opportunity cost

In the question, it is given that the offered price is $70 and the yesterday price is $30 which was paid which terms as a sunk cost. This cost is not useful for decision making as well as for computing the opportunity cost also

So, only $70 would be considered

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Borchardt Corporation has provided the following data concerning last month’s operations. Direct materials $ 29,000 Direct labor
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Explanation:

The following information can be derived from the question:

We have to first calculate the total manufacturing cost. This will be:

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Add: Direct labor 58000

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Then the manufacturing cost will be:

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We then add the beginning work in progress and then subtract the ending work in progress. This will be:

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Less: Ending WIP = 57000

= 169000 + 66000 - 57000

= $178,000

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