Answer:
$807,500
Explanation:
First determine the cost per unit (U) as a function of cost of materials (M):
M = 2 * $2.00 = $4.00
And cost of labor and overhead (L):
L = 2.7*($20.00+$10.00)
L= $81.00
Total cost per unit is:
U = M + L = $4.00+ $81.00
U = $85.00
The estimate cost of goods sold for the month of May (C) is the product of the cost per unit by the number of units sold during the month (9,500):
C= $85.00*9,500
C= $807,500
Therefore, the estimated cost of goods sold for May is closest to $807,500
Answer: c. Demand decreases and supply decreases.
Explanation:
When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.
Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.
Both the forces work towards reducing quantity to quantity will fall unambiguously.
Thus, the correct option is c, Demand decreases and supply decreases.
Answer:
<u>Night Lights $ per unit 2.13</u>
<u>Desk Lamps $ per unit 8.50</u>
Explanation:
Determine total number of budgeted direct labour hours for the year
total number of budgeted direct labor hours for the year is calculated
= night lamp labor hours + desk lamp labor hours
= ( 60000 * 1/2 ) + ( 80000 * 2 )
= 30000 + 160000
= 190000
calculated the single plant wide factory overhead rate
factory overhead rate = total factory overhead / total number of budgeted unit
= 807500 / 190000
= 4.25 per labour hour
calculate factory overhead cost per each unit
night lamp = 4.25 * 1/2
= 2.13 per unit
desk lamp = 4.25 * 2
= 8.50 per unit
Answer: b. Foreign direct investment.
Explanation: This is when a firm or business owns more than 10% of a a foreign company.
A foreign direct investment can be made by getting a lasting interest or by expanding one’s business or company into a foreign country.
The lasting interest makes Foreign Direct Investment from foreign portfolio investments, where investors passively hold securities from a foreign country.
