Answer:
Yes it is an indirect cost
No it is not a fixed cost
Explanation:
An indirect cost is one that cannot be traced to the product. For example in this instance direct cost will be the cost of the jeans materials. So wages paid to the workers that cut the jeans patterns is an indirect cost in producing jeans.
A fixed cost is one that does not change during the production process. For example rent. The wages paid is not fixed but variable, as labour needed usually varies with business need.
Answer:C. Once purchased, it is not available for others to buy.
Explanation:
Economics refers to a good or service as excludable if a person who hasn't purchased it can not have access to it or enjoy its benefits. A good or service that can be enjoyed without having paid for it is called non excludable.
Excludable are those goods that once bought they exclusively belongs to that owner such as clothes, food , cars , reserved parking space. There is a competition for these goods and services cause they get owned privately and can't be available to another person once bought.
No excludable refers to those resources that are commonly shared by the public such as fish stocks, timber and coal. Free air channels and other public goods.There is no competition for these goods cause they are available to all consumers.
Answer:
The double-declining depreciation method.
Explanation:
The double-declining is an accelerated asset depreciation method. The method seeks to recognize most of an asset depreciation in its first years of existence. It is referred to as double-declining because it uses twice the depreciation rate of the straight-line method.
The double-declining method is suitable for assets that are consumed at a high rate during the initial stages of their useful life. Organizations that prefer to incur more expenses on an asset earlier and enjoy profits later, or those wishing to defer taxes, can also use this method.
Answer:
Here in this question, I have used tables to show you more clearly. So please refer to the attachment 1.
Explanation:
Please refer to the attachment 1.
Weighted Moving Average = ∑Quantity*Weights/ ∑weights
Forecast for Oct: (350*0.5 + 290*0.25 + 365*0.25)/ 0.5 + 0.25 + 0.25 = 338.75 0r 339
Forecast for Nov: (339*0.5 + 350*0.25 + 290*0.25)/ 0.5 + 0.25 + 0.25 = 329.5 0r 330
Forecast for Dec: (330*0.5 + 339*0.25 + 350*0.25)/ 0.5 + 0.25 + 0.25 = 337.25 0r 337
Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.