Answer:
$3.35 per unit
Explanation:
The computation of the fixed cost per unit is shown below:
Given data
Total fixed cost = $764,000
Total cost i.e fixed cost + variable cost = $1,040,000
Total units produced = 200,000
The units is 228,500
So, the fixed cost per unit is
= Total fixed cost ÷ Number of units
= $764,000 ÷ 228,500 units
= $3.35 per unit
By dividing the total fixed cost with the number of units we can get the fixed cost per unit
Answer:
a. iii. Too little
b. i. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1.
Explanation:
Allocative efficiency refers to the point in production where Marginal Revenue equals Marginal cost. As this is a perfectly competitive market, marginal revenue is the same as price which as shown in the question, exceeds Marginal cost. The firms are therefore producing too little to achieve allocative efficiency and need to produce more to make price and marginal cost equal.
In the long run, the firms will produce more such that supply would exceed the original quantity supplied of Q1. This will lead to the price falling back to P1 as there is now less scarcity.
Answer:
D
Explanation:
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Answer:
Underapplied Manufacturing Overhead $23,000
Explanation:
Sawyer Manufacturing Corporation
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base
= $300,000 ÷ 52,000 direct labor hours
= 5.7 Approximately $6 per direct labor-hour
Overhead over or underapplied Actual MOH
= 365,000
Applied MOH = $6 x 57000 = $342,000
Underapplied Manufacturing Overhead = 365,000-342,000 = 23,000
Therefore The Corporation's applied manufacturing overhead cost for the year was $23,000
The correct answer is
A) An increase in international shipping has led to more pollution.