Answer:
$129,000
Explanation:
The computation of the unadjsuted cost of goods sold is shown below:
Before that we need to compute the total cost and cost per unit which are as follows
Total cost
= Beginning balance + Direct materials + Direct labor + Manufacturing overhead cost applied
= $66,700 + $494,500 + $158,700 + $269,100
= $989,000
And, Units completed is 23,000 units
So, the cost per unit is
= Total cost ÷ Number of units completed
= $989,000 ÷ 23,000 units
= $43
And, the number of units sold is 3,000 units
So, the cost of good sold unadjusted is
= Number of units sold × cost per unit
= 3,000 units × $43
= $129,000
The statement " An economist would look for data on past changes in the money supply, and note the resulting changes in the price level " is correct.
Explanation:
In the past, the knowledge economist will research price-money ties and observe trends; then analyse data, and establish the theory.
Financial experts analyse the market activity of economists. Their main responsibility includes the compilation and review of economic and socio-economic data, guidance on economic choices for companies and governments and the creation of models for economic predictions.
- Financial political and socio-economic data collection and review.
- Surveys and diverse sampling techniques are carried out.
- Researching different areas such as governance, economics, employment, electricity, etc.
- Using historical information. Market trends analysis.
Answer:
Correct option is B
more in supplier development for A items.
Explanation:
In materials management, the ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories—"A items" with very tight control and accurate records, "B items" with less tightly controlled and good records, and "C items" with the simplest controls possible and minimal records.
The ABC analysis provides a mechanism for identifying items that will have a significant impact on overall inventory cost, while also providing a mechanism for identifying different categories of stock that will require different management and controls.
Under the market system, prices coordinate the decisions made by households and businesses.
<h3>What is a market system?</h3>
It should be noted that a market system simply means an economy whereby the individual makes choices in the market and decisions.
In this case, under the market system, prices coordinate the decisions made by households and businesses.
Learn more about market system on:
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Answer and Explanation:
The computation is shown below:
Fixed cost is
= $500,000 + $1,000,000
= $1,500,000
And, the marginal cost is
= $0.25 + $0.10
= $0.35 per paer
Now
as we know that
AFC = FC ÷ Q
Now for At 1,000,000 papers,
AFC is
= 1,500,000 ÷ 1,000,000
= $1.50/mo
At 800,000
, it would be
AFC = 1,500,000 ÷ 800,000
= $1.875/mo
MC = $0.35 per paper and the same is not changed
Now for break even, the average total cost is
ATC = AFC + AVC
ATC = FC ÷ Q + VC ÷ Q
VC = MC × Q
ATC = FC ÷ Q + MC
ATC = FC ÷ Q + 0.35
At Q = 1,000,000,
ATC = 1.50 + 0.35
ATC = $1.85
At Q = 800,000
, it would be
ATC = 1.875 + 0.35
= $2.225
As it can be seen that
The AFC changes from 1.50 to 1.875 which shows an increment of 0.375.
The MC remains constant or same at 0.35 as the printing and delivery costs per paper are remain same
And, The minimum amount that we must charge to break even rises i.e. from 1.85 to 2.225. That is a rise of 0.375
