Answer:
<em>16,800 dollars.</em>
Explanation:
<em>Overhead rate predetermined at availability.
</em>
= Approximate overhead processing times / Capacity machine hours.
= $33,600 / 24,000.
= $1.4 per hour on machine.
<em>Cost of Resources not used.
</em>
= (Machine hours at capacity - Actual machine hours) x Overhead speed estimated at load.
= ( 24,000 - 12,000) x $1.4.
= 16,800 dollars.
Answer:
$24,779
Explanation:
In order to calculating the ending inventory using the conventional retail inventory method. we required to do the following computations which are shown below:
Using cost method
Goods available for sale:
= Beginning inventory + Purchases
= $11,700 + $130,016
= $141,716
Using retail method
Ending inventory
= Beginning inventory + Purchases + Net markups - Net markdowns - sales revenue
= $19,700 + $169,800 + $101,00 - $6,800 - $157,900
= $34,900
Now
Cost to retail ratio = $141,716 ÷ ($19,700 + $169,800 + $101,00)
= $141,716 ÷ $199,600
= 0.71
So,
Estimated ending inventory at cost:
= Estimated ending inventory at retail × Cost to retail ratio
= $34,900 × 0.71
= $24,779
Answer:
The slope of the consumer's budget constraint is -PA/PB.
Explanation:
The quantity of good A (Q A) is plotted along the horizontal axis, the quantity of good B (Q B) is plotted along the vertical axis.
The price of good A is PA, the price of good B is PB and the consumer's income is I.
The budget line represents the maximum possible bundles of two goods that a consumer can afford by spending his total income. The slope of the budget line will be the ratio of the prices of two goods. It represents the quantity of a good that the consumer needs to sacrifice to increase the consumption of the other good.
So the slope of the budget constraint will be -PA/PB.
