Answer and Explanation:
Fair value refers to the current market price of the asset while historical cost is the cost at which the asset was acquired. Fair market value will always be higher than historical cost so it reflects the actual worth of the asset.
One of the qualities that makes valuing current assets at fair value rather than historical cost is the availability and reliability of current market price or fair value of current assets.
The oligopoly is known to have a one producer dominating the market. This results in a few suppliers/sellers in the market, and thus can cause a high increase in the price of the products that are being sold in its respective community.
Answer:
<u>Night Lights $ per unit 2.13</u>
<u>Desk Lamps $ per unit 8.50</u>
Explanation:
Determine total number of budgeted direct labour hours for the year
total number of budgeted direct labor hours for the year is calculated
= night lamp labor hours + desk lamp labor hours
= ( 60000 * 1/2 ) + ( 80000 * 2 )
= 30000 + 160000
= 190000
calculated the single plant wide factory overhead rate
factory overhead rate = total factory overhead / total number of budgeted unit
= 807500 / 190000
= 4.25 per labour hour
calculate factory overhead cost per each unit
night lamp = 4.25 * 1/2
= 2.13 per unit
desk lamp = 4.25 * 2
= 8.50 per unit
The Black Market is a series of dealers who can get you a product that has been repealed from stores, such as 2006 yellow Tide, which cleaned the products too good, forcing the company to take it off the market because they wanted to continue to sell products that they claim better than the last. The Black Market is illegal and if currently under high investigation by governments all over the world. So, if the Black Market practice itself is illegal and all actions taken while in the Black Market are as well, I think you can finalize your answer. Hope this helped!
Answer:
a. raise the price of both Brazilian and domestically produced shoes
Explanation:
Restricting imports of Brazilian shoes will raise the price of both Brazilian and domestically produced shoes
