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3 years ago

The following costs were incurred in September:

Business

1 answer:

german3 years ago

3 0

Answer:

Option (c) is correct.

Explanation:

Given that,

Direct materials = $40,100

Direct labor = $29,700

Manufacturing overhead = $21,200

Selling expenses = $25,600

Administrative expenses = $32,100

Therefore, the Conversion costs during the month as follows:

= Direct labor + Manufacturing overhead

= $29,700 + $21,200

= $50,900

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2 years ago

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3 years ago

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Davis Florist has two employees, Anita and Jerome, and two tasks that need to be completed, floral arrangements and floral deliv

OlgaM077 [116]

Answer:

Davis Florist

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b. Anita’s opportunity cost of making one floral arrangement is ___0.75__

( 1.33, 0.75, .33, 3) deliveries. Anita’s opportunity cost of making one delivery is __1.33_ (1.33, 0.75, .33, 3) floral arrangements.

c. Jerome’s opportunity cost of making one floral arrangement is ___0.33__(.75,3,1.33..33) deliveries. Jerome’s opportunity cost of making one delivery is 3 (3, 1.33, .75, .33) floral arrangements.

d. (Jerome, Anita)_Jerome____ has a comparative advantage in floral arrangements. (Jerome, Anita)__Anita___ has a comparative advantage in deliveries.

e. Suppose that, initially, both Jerome and Anita spend four hours each day doing floral arrangements and two hours each day doing deliveries. Now suppose they change their tasks, so that each individual does nothing but the task in which she or he has a comparative advantage. How many more floral arrangements and deliveries could they produce each day?

____4_____ additional floral arrangements

____5____ additional deliveries

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Time it takes Jerome to finish one floral arrangement = 10 minutes

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d) Anita's comparative advantage in making deliveries is based on her opportunity cost when compared with Jerome's opportunity cost of making deliveries.

Floral Delivery Total hours

Arrangement

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Jerome 4 hrs 2 hrs 6 hrs

Anita Jerome Total

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Anita Jerome

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Number of deliveries 12 (360/30) 0 12

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2 years ago

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kobusy [5.1K]

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