How does a non-binding price ceiling impact equilibrium price and quantity in a competitive market?

Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D

telo118 [61]

Answer:

Equivalent units for material = 294,500 units

Equivalent units for conversion cost=225,225 units

Explanation:

<em>Equivalent units for conversion cost</em>

completed unit = 100% × 213,000

Closing work in progress = (15% ×81,500)

Equivalent units for conversion cost = (100% × 213,000) + ( 100% × 213,000)

= 225,225 units

<em>Equivalent unit for Materials </em>

completed unit = 100% × 213,000

Closing work in progress = (100% ×81,500)

(100% × 213,000)+ (100% ×81,500) = 294,500

7 0

3 years ago

Which of the following is NOT considered a step in activity-based costing?

statuscvo [17]

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

4 0

3 years ago

You own three stocks: 600 shares of Apple Computer, 10 comma 000 shares of Cisco Systems, and 5 comma 000 shares of Colgate-

Nina [5.8K]

Answer:

Explanation:

a.

Finding Weights

Apple => 600 * 500 = 300,000

Cisco => 10,000 * 20 = 200,000

CP => 5,000 * 100 = 500,000

Total = 1,000,000

Each Weight

Apple => 300,000 / 1,000,000 = 30%

Cisco => 200,000 / 1,000,000 = 20%

CP => 500,000 / 1,000,000 = 50%

b.

Using

(Rate*Weight)

(0.3 * .12) + (0.2 * .10) + (0.5 * .08) = 0.096 = 9.6%

c.

New Weights

Apple => 600 * 525 = 315,000

Cisco => 10,000 * 25 = 250,000

CP => 5,000 * 87 = 435,000

Total = 1,000,000

Each Weight

Apple => 315,000 / 1,000,000 = 31.5%

Cisco => 250,000 / 1,000,000 = 25%

CP => 435,000 / 1,000,000 = 43.5%

7 0

4 years ago

If Scotland becomes an independent country, how would the arrangement of nationalities in the British Isles change?

Simora [160]

Answer:

If Scotland becomes an independent country, the arrangements of nationalities in the British Isles will change like that:

The Scotland will face the same situation as those in Northern Ireland where they feel close to UK and Republic of Ireland.

Explanation:

If Scotland becomes an independent country, then it is supposed that the wales will follow them.
If Scotland becomes an independent country, then there is chance of increase in members of EU and will have its impact upon Eurozone.
If Scotland becomes an independent country then it will create a huge impact on the national debt of the United Kingdom.
If Scotland becomes an independent country, then there is chance you may have to get a visa to go to Scotland and you may have to dial international dialing tone to ring Scotland.
If Scotland becomes independent country, then it can end the Great Britain.

4 0

3 years ago

When you purchase a package of gum at the grocery store for $1.30 and you hand the clerk a $5 bill, she gives you three dollar

deff fn [24]

3.70 bc think of it in real life

3 0

3 years ago