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2 years ago

Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

1 answer:

7 0

True. Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.

As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show.

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Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The

Levart [38]

Answer:

$0.16

Explanation:

Particulars Quantity Price Amount

Cocoa 400 $1.25 $500

Sugar 80 $0.40 $32

Milk 120 $2.50 <u>$300</u>

Total <u>$832</u>

Standard direct materials cost per bar = Total amount / Number of bar

Standard direct materials cost per bar = $832 / 5,200 bars

Standard direct materials cost per bar = $0.16

7 0

2 years ago

The Gabbana Company’s maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance cost

gayaneshka [121]

Answer:

The variable maintenance cost per unit would be $8.33 and the total fixed maintenance cost would be $267

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable maintenance cost per unit = (High maintenance cost - low maintenance cost) ÷ (High level of activity - low level of activity)

= ($1,100 - $600) ÷ (100 direct hours - 40 direct hours)

= $500 ÷ 60 direct hours

= $8.33

Now the fixed cost equal to

= High maintenance cost - (High level of activity × Variable maintenance cost per unit )

= $1,100 - (100 direct hours × $8.33)

= $1,100 - $833.33

= $267

5 0

2 years ago

At an open house the listing agent begins giving advice to a prospective buyer regarding how much to offer for the house, withou

lukranit [14]

Answer:

d. The agent has not violated any duties, because she is not performing real estate services for the buyers

Explanation:

Here, at the open house, the agent, without proper introduction and without explaining that she represents the seller, started giving advice to a prospective buyer regarding the amount to offer for the house. By offering advice to the buyer and not disclosing who she represents, the agent is now acting as an undisclosed dual agent, also she has breached the loyalty duties to both parties. The agent is also not acting in accordance with her agency status.

Therefore the incorrect option is option D.) The agent has not violated any duties, because she is not performing real estate services for the buyers

5 0

3 years ago

Birkner Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable co

gavmur [86]

Answer:

$2.18 per machine hour

Explanation:

The calculation of Indirect material cost is shown below:-

Flexible budget indirect material = variable cost + indirect materials cost

= $30,444 + $8,142

= $38,586

Cost per machine hour for indirect material = Flexible budget indirect material ÷ Company machine hours

= $38,586 ÷ $17,700

= $2.18 per machine hour

7 0

2 years ago

During the period, 50,000 units were completed, and 3,600 units were on hand at the end of the period. If the ending work in pro

pantera1 [17]

Answer:

Equivalent units for direct material = 52,700

Explanation:

Given:

Completed units = 50,000

Ending inventory = 3,600 units

Ending work in process inventory = 75% complete as to direct materials

Ending work in process inventory = 25% as to conversion costs

Equivalent units for direct material = ?

Computation of equivalent units for direct material:

Equivalent units for direct material = Completed units + [Ending inventory × 75% complete as to direct material]

Equivalent units for direct material = 50,000 + [3,600 × 75%]

Equivalent units for direct material = 50,000 + [2,700]

Equivalent units for direct material = 52,700

5 0

2 years ago