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sweet-ann [11.9K]
3 years ago
5

Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1

60 units per hour. In the month of July, the company operated the production line for a total of 295 hours and produced 34,900 units of output. What was its capacity utilization rate for the month
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

Output rate = 160 units per hour

In the month of July,

Total production hour = 295 hours.

Total units = 34900 units.

Ideal output units in the month of July = output rate × total production hour

= 160 × 295

= 47200 units.

Capacity utilization rate of production shop is given by,

Utilization rate = (output unit in July ÷ idea output) × 100

= (34900 ÷ 47200) × 100

= 0.7394 × 100

= 73.94 units per hour

So, the Capacity utilization rate is 73.94 units per hour for the month.

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A point inside the production possibilities curve represents a combination of goods that is
Savatey [412]

Answer: EFFICIENT

Explanation: Production possibility Curve or frontiers is a graphical representation of the combination of two goods to give an efficient output or outcome considering the prevailing market conditions.

Production possibility Curve is used by business managers to determine which product combination can a business organization derive maximum or efficient benefits. A point in the curve of the production possibility Curve represents/ shows a combination of goods that is efficient considering the prevailing market conditions.

8 0
3 years ago
Which of the following are the characteristics of a competitive market? (Check all that apply.)
kakasveta [241]

A competitive market refers to a market where there is no monopoly of producers of goods and services, therefore, competition is high because they all have mission to satisfy the wants of a large consumers.

The characteristics of a competitive market are:

  • Homogeneity of product: The product are made by different producers and encourages competition.
  • There are existence of many buyers and sellers in the market.
  • There is an access to derive perfect information on price of a product at any outlet in the market.
  • There are no charges for transaction costs in a competitive market
  • No barriers to entry into or exit.

In conclusion, there is no producers which can affect the market price through its supplying rate because there are excess supply of similar product in the market.

Learn more about competitive market here

<em>brainly.com/question/7024827</em>

5 0
1 year ago
The equipment necessary for a 4 year project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The as
Allisa [31]

Answer: $618,096

Explanation:

Accumulated depreciation after 5 years = 20% + 32% + 19.2% + 11.52

= 82.72%

Value after 4 years = 3,300,000 * ( 1 - 82.72%)

= $570,240

Gain on sale = Salvage value - Net book value

= 650,000 - 570,240

= $79,760

Aftertax salvage value = 650,000 - (Gain on sale * tax)

= 650,000 - (79,760 * 40%)

= $618,096

6 0
3 years ago
An adult with a developmental disability works at a local product fulfillment and distribution center. She takes the bus to get
harkovskaia [24]

Answer: Tracking and identification.

Explanation: In other ease the woes and stress of such individual, integrating a tracking and identification capability on her app will be of great help. This will ensure that she could be easily and effectively located by leveraging the ability of the geographic positioning system in other to correctly get and know are current location. With these she could be picked easily when issues of drops off at the wrong location. Trackers allows one to determine the current location of items or individuals in which the tracking devices are placed on. As it also gives signals when one gets to the current position of the item or individual for proper identification. With these locating her will become very easy and hassle free during instances of wrong drop off.

7 0
3 years ago
Market Corporation owns​ 100% of Subsidiary​ Corporation's stock. Market Corporation completely liquidates Subsidiary​ Corporati
ella [17]

Answer:

c. $500,000.

Explanation:

Market Corporation has a basis in the land of $500,000.

We are told in the question that ''Market Corporation completely liquidates Subsidiary​ Corporation, receiving land with a​ $400,000 adjusted basis and a​ $500,000 Fair Market Value''

In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.

3 0
3 years ago
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