In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."
<h3>
What is the short run supply curve?</h3>
The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.
According to the law of supply, when the market price rises, the company will supply more of its product.
A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.
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An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement
<h3>What is common-size statement?</h3>
An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.
The common-size statement refers to expressing each value as a percent of sales:
Sales 3,340 100.000%
income 274 8.234% (274 divided by 3340 times 100)
fixed assets 2,699 80.809%
current assets 836 25.030%
Inventory 417 0.12485 (417/3,340)
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<span>Shipping e-waste to developing countries would not help reduce the overall environmental impact of MSW.
E-waste is electronic waste. Waste that is made up of electronic devices such as computers, TV's, cell phones and more. These items can be salvaged, recycled, or disposed. </span>
Answer:
$84,945.
Explanation:
cost to be assigned to the ending Work in Process inventory
= (21000×2.56)100% + (21000×2.25)66%
= $84,945
Therefore, The cost that would be assigned to the ending Work in Process inventory for the period is $84,945.
