Answer:
$945,000
Explanation:
The computation of the amount transferred to the finished goods is shown below:
= Material + labor + overhead
= $470,000 + $190,000 + $190,000 × $300,000 ÷ $200,000
= $470,000 + $190,000 + $285,000
= $945,000
hence, the amount transferred is $945,000
He ledger contains a list of business transactions
Answer:
markup 200% over cost
selling price 75 dollars
Explanation:
investment 500,000
return on investment : 10%
500,000 x 10% = 50,000
units producted: 1,000
markup per unit: 50,000 / 1,000 = 50 dollar
the markup will be: 25 * X = 50
X = 2 = 200%
selling price: 25 + 50 = 75
75
Answer:
a. Marketopia has a comparative advantage in the production of pies.
Explanation:
The computation is shown below
As we know that the comparative advantage principle refers that the firm which has less opportunity cost in the production of a good should generate that specific good and specalize according to this
Now
for Marketopia
The opportunity cost of cookies is 18 by 30 pies = 0.6 pies
The opportunity cost of pies are 30 by 18 cookies = 1.67 cookies
For Ecolandia
The opportunity cost of cookies is 9 by 90 = 0.1 pies
The opportunity cost of pies is 90 by 9 = 10 cookies
We can see that Econlandia has the comparative advantage in cookies while on the other hand the marketopia has the comparative advantage in pies
Therefore the correct option is a.
Answer:
Line extension
Explanation:
Line extension refers to a situation where a company introduces a new product that is related to an existing product line.
Line extension is designed to meet the needs of a particular segment of the market.
The new product could be described with a different flavor, colour, ingredients, size etc.
For instance, Coca-Cola is an existing product, if the company that produces Coca-Cola decides to introduce Coca-Cola with zero sugar.
The ingredients has changed and the new Coca-Cola with zero sugar is now designed to meet the needs of a particular segment of the customers which is the diabetic patient.