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Nadusha1986 [10]
3 years ago
8

Fixing a problem will often cost money; to minimize these costs it is best to find and fix the problem: Multiple Choice immediat

ely after we complete the last operation. just before shipping our product to the customer. just before we begin the first production operation. Regardless of when you fix the problem, costs are about the same. during the design phase.
Business
1 answer:
Svetach [21]3 years ago
4 0

Fixing a problem will often cost money; to minimize these costs it is best to find and fix the problem-<u> just before we begin the first production operation.</u>

<u />

Explanation:

Before we begin with any operational production function it is necessary to check the proper functioning of the machinery.If the machinery used for the production of the products have any defect then the cost of production increase leading to an overall increase in the production cost of the product.

Thus it is an important mandate to check the operational functionality of the machinery's which are involved in the production .It is advisable to find and fix the problem at the earliest ,so that the cost incurred can be minimized

Hence we can say that Fixing a problem will often cost money; to minimize these costs it is best to find and fix the problem-<u> just before we begin the first production operation.</u>

<u />

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uppose the annual demand function for the Honda Accord is Qd = 430 – 10 PA + 10 PC – 10 PGwhere PA and PC are the prices of the
emmainna [20.7K]

Answer:

Qd = 400 units

elasticity of demand of the Accord with respect to the price of Camry = 0.5

elasticity with respect to the price of gasoline = -0.075

Explanation:

Solution:

The annual demand function for the Honda Accord is:

Qd = 430 – 10 PA + 10 PC – 10 PG

Where,

PA = Price of Honda Accord

PC = Price of Honda Camry

PG = Price of Gasoline per gallon.

Selling Price of both cars = $20,000

Fuel Cost = $3 per gallon.

a) Elasticity of Demand of the Accord with respect to the price of Camry.

First, we need to calculate the number of units demanded.

Qd = 430 – 10 PA + 10 PC – 10 PG

Qd = 430 – 10 (20) + 10 (20) – 10 (3.00)

Qd = 430 - 200 + 200 - 30

Qd = 430 - 30

Qd = 400 units

Cross-price elasticity of the Accord with respect to the price of the Camry will be:

Cross Price = (dQd/dPC) x (PC)/(Qd)

dQd/dPC = 10

PC = 20

Qd = 400

So,

Cross Price = 10* 20/400

Cross Price  = 0.5

b) Elasticity with respect to the price of gasoline?

Elasticity =  (dQd/dPG)*(PG/Qd)

dQd/dPG = -10

PG = 20

Qd = 400

Elasticity  = (-10)*(3/400)

Elasticity  =  -0.075

5 0
3 years ago
Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.
telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured  = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

6 0
3 years ago
Pricing Strategy, Sales Variances Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc.,
deff fn [24]

Answer:

Check the explanation

Explanation:

Sales price variance = (Actual price - Budgeted price) * Actual units sold

Product R : ($25 - $26) * 123000 = $123000 unfavorable

Product S:($20 - $22) * 162700 = $325400 unfavorable

Product T: ($10 - $20) * 54000 = $540000 unfavorable

Sales volume variance = (Actual units - Budgeted units) * Standard price

Product R : (120000 - 123000) * 26 = $78000 favorable

Product S:(150000 - 162700) * 22 = $279400 favorable

Product T: (20000 - 54000) * 20 = $680000 favorable

Notes:

Actual units:

Product R = $3075000/ $25 = 123000

Product S = $3254000/$20 = 162700

Product T = $540000/$10 = 54000 units

6 0
3 years ago
The Keynesian view of economics assumes that:
olga nikolaevna [1]

Answer:

The correct answer is

b. wages are sticky.

good luck

7 0
3 years ago
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
Ghella [55]

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

5 0
3 years ago
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