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posledela
3 years ago
11

Without trade, the farmer produced and consumed 2 pounds of pork and 4 pounds of tomatoes and the rancher produced and consumed

4 pounds of pork and 2 pounds of tomatoes. then, each person agreed to specialize in the production of the good in which he has a comparative advantage and trade 4 pounds of pork for 6 pounds of tomatoes. as a result,
Business
1 answer:
Elis [28]3 years ago
6 0

Answer:

the farmer gained 6 hours worth of production and the rancher gained 8 hours worth of production.

Explanation:

                 Labor Hours to Make 1 lb. of        lbs. Produced in 24 Hours

                  Pork                  Tomatoes              Pork            Tomatoes

Farmer        6                            3                       4                       8

Rancher     4                            4                       6                      6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

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3 years ago
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,400 of dir
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Answer:

Total cost of Job A3B=  $31,900

Explanation:

Job A3B was ordered by a customer on September 25.

The company applies overhead at a rate of 100% of the direct labor cost incurred.

Cost of September:

$3,400 of direct materials

$4,900 of direct labor.

$4,900 manufactured overhead

Total= $13,200

Cost of October:

$3,900 of direct materials  

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$7,400  manufactured overhead

Total= $18,700

Total cost of Job A3B= 13,200 + 18,700= $31,900

3 0
3 years ago
A new alloy can be produced by Process A, which costs $200,000 to implement. The operating cost will be $10,000 per quarter with
Andreyy89

Answer:

Difference between A and B =$42398.5

Process B is better as its PW value is smaller than Process A.

Explanation:

In order to use present worth, both Alternatives must have same time period. Since Process B has 4 years means 16 quarters so we make process A to have 16 quarters two with 2% interest rate per quarter.

Note:

We are going to use Compound Interest tables to simplify our work. Formulas can also be used.

For Process A:

Present value of process A=-200,000-200,000(P/F,2\%,8)-10,000(P/A,2\%,16)+25,000(P/F,2\%,8)+25,000(P/F,2\%,16)

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Present value of process A=-$466,932.5

For Process B:

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Present value of process B=-250,000-15,000(13.578)+40,000(0.7284)

Present value of process B=-$424,534

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Difference between A and B =$42398.5

Process B is better as its PW value is smaller than Process A.

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Afina-wow [57]

Answer:

a. $21

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Explanation:

a. The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated  computer hours)

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b. Now the applied overhead which equals to

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