CORRECT PENN FOSTER ANSWER ONLY PLEASE

If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce, which of t

Cloud [144]

Answer:

The answers are economies of scale, natural monopolies, and lowered average fixed cost.

Explanation:

The explanations for some firms beahvior in determined markets are economies of scale, natural monopolies, and lowered average fixed cost.

3 0

3 years ago

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materi

larisa [96]

Answer:

Welding Department

Production cost report for the month of February

Inputs :

Beginning Work In Process :

Materials $18,100

Conversion costs $14,460

Added During the year :

Materials $218,685

Labor $67,100

Overhead $58,531

Total $376,876

Outputs :

Completed and Transferred Out $328,000

Units still in Process $48,076

Total $376,876

Explanation:

Calculation of Equivalent Units of Production with Respect to Materials and Conversion Costs.

1. Materials

Ending Work In Process (11,900 × 100%) 11,900

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 66,700

2. Conversion Costs

Ending Work In Process (11,900 × 1/5) 2,380

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 57,180

Calculation of Cost per Equivalent Unit of Production with Respect to Materials and Conversion Costs.

Cost per Equivalent Unit = Total Cost ÷ Total Equivalent Units

1. Materials

Cost per Equivalent Unit = ($18,100 + $218,685) ÷ 66,700

= $3.55

2. Conversion Cost

Cost per Equivalent Unit = ($14,460 + $67,100 + $58,531) ÷ 57,180

= $2.45

3. Total Cost

Total Cost = Materials + Conversion Cost

= $3.55 + $2.45

= $6.00

Calculation of Total Cost of Units Completed and Transferred Out and Total Cost of Units still in Process.

Completed and Transferred Out = Units Completed and Transferred Out × Total Cost

= 54,800 × $6.00

= $328,000

Units still in Process = Material Cost + Conversion Cost

= $3.55 × 11,900 + $2.45 × 2,380

= $48,076

7 0

3 years ago

A study finds that the noise from airplanes is harmful; hence, the government imposes a $20 tax on the sale of every airplane. T

allochka39001 [22]

Answer:

Decrease

$200

$190

$180

Explanation:

The question isn't complete. Here is the full question:

A study finds that the noise from airplanes is harmful; hence, the government imposes a $20 tax on the sale of every airplane. This amount accurately accounts for the external cost of the noise pollution. Before the corrective tax, airplane tickets regularly sold for $190. After the tax is in place, the market price for airplane tickets rises to $200.

The quantity of airplane tickets sold will

The socially optimal price of airplane tickets is

The private market price is

A firm selling airplane tickets receives after it pays the tax

The noise from the airplanes constitute negative externality.

Tax levied on negative externality is known as pigouvian tax.

As a result of the tax, the price of tickets increases and this would reduce the quantity of tickets demanded for according to the law of demand. According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The social optimal price is the price of the ticket after the tax accounting for the externality has been added to price. The social optimal price is $200.

The private market price is the price before the taxes: $190.

The amount received by firms = $200 - $20 = $180

I hope my answer helps you

8 0

3 years ago

Unitech has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,

rewona [7]

Answer:

B. $600

Explanation:

The average cost method assigns a cost to inventory items based on the total cost of goods purchased (or produced) in a period divided by the total number of items purchased (or produced). Weighted Average Unit Cost is calculated by following formula:

Weighted Average Unit Cost = Total Cost of Inventory /Total Units in Inventory

Total value purchased in July = $1,400+$220 = $1,620

Weighted Average Unit Cost = ($380+$1,620)/100 = $20

Ending inventory = 30 x $20 = $600

Noted: The company did not have date of selling merchandise. In the situation, assuming that the company uses periodic inventory system.

8 0

4 years ago

Which of the following is typically not a

Sergeu [11.5K]

Answer: A)

Explanation: A consignment shop sells used goods.

4 0

3 years ago