Answer:
$82.5 per unit
Explanation:
Given that,
Units produced = 42,000 units
Direct labor = $35 per unit
Direct materials = $28 per unit
Variable overhead = $17 per unit
Total Fixed overhead = $105,000
Product cost per unit under absorption costing:
= Direct labor + Direct materials + variable overhead per unit + (Total fixed overhead ÷ Units produced)
= $35 + $28 + $17 + ($105,000 ÷ 42,000)
= $35 + $28 + $17 + $2.5
= $82.5 per unit
Answer:
Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
Explanation:
Solution
Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.
So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.
Answer:
Sunk cost. The individual is still considering sunk cost in making future decisions
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.
In this question, the money paid for the meal is the sunk cost and it shouldn't be considered in making the decision of whether to continue the meal or not to.
I hope my answer helps you
A perfectly competitive firm earns a profit when price is above the average total cost.
A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.
In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.
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