Answer:
d. 0; unrelated.
Explanation:
Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.
A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.
In this question, the cross elasticity is zero because biro and pencil are not related.
Answer:
0.7835 or 78.35%
Explanation:
Budgeted Sales = $90 per unit x 4620 units = $415,800
Break-Even Sales (Revenue) = 1000 units x $90 per unit = $90,000 units
Margin of safety = (Budgeted Sales - Break-Even Sales) ÷ Budgeted Sales
Margin of Safety = ($415,800 - $90,000) ÷ $415,800 = 0.7835 or 78.35%
Answer:
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
Explanation:
Preparation of the journal entry to record the direct and indirect labor costs incurred during the year
Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :
Dr Work in Process 574,000
Dr Manufacturing Overhead 163,000
Cr Wages Payable 737,000
(574,000+163,000)
(Being to record direct and indirect labor costs incurred )
A. True. i believe the answer is A
