Answer:
Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.
Explanation:
Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method.
True as under weighted average:
(17 + 18) / 2 = 17.50
the ending inventory will be one unit valued at $17.50
while under FIFO the 17 dollar unit was sold and declare cost
while the second is keep under ending invenotry at $18.00
Answer:
$12 and $180
Explanation:
The computation of the predetermined overhead rate is shown below:
As we know that
The predetermined overhead rate is
= Estimated total indirect cost ÷ expected direct labor hours
= $96,000 ÷ 8,000
= $12
And, the indirect cost is
= Predetermined overhead rate × number of hours
= $12 × 15
= $180
We simply applied the above formula
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Answer:
Deadweight loss
Explanation:
Deadweight loss can be defined as the lost economic surplus when a market is not allowed to adjust to its competitive equilibrium. The deadweight loss includes losses in both supplier and consumer surplus.
A deadweight loss happens when the equilibrium price for a good or a service cannot achieved usually due to external factors, e.g. price ceilings like rent control, specific taxes, etc.
Answer:
C. groupthink
Explanation:
According to my research on in the field of psychology, I can say that based on the information provided within the question this scenario illustrates the concept of groupthink. This is a psychological phenomenon which states that the desire for maintaining a cooperative and harmonious nature within a group leads individuals in that group to behave irrationally leading to bad decision-making choices. Which is what is happening in this scenario since Mikhail isn't voicing her opinion in order to maintain the same group dynamic.
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