Answer:
Total production= 20,600 units
Explanation:
Giving the following information:
Marvel’s expected sales are 20,000 bookcases for the quarter. The company begins the quarter with an inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarter’s expected sales of 24,000 bookcases.
Sales= 20,000 units
Ending inventory= (24,000*0.15)= 3,600
Beginning inventory= 3,000 (-)
Total production= 20,600 units
The use of the substance, long term affects, and the substance affect on those around the person using it.
Answer:
Make since the relevant cost to make it is $58.35
Explanation:
![\left[\begin{array}{cccc}&$produce&$buy&$Differential\\$Purchase&-&-62.35&-62.35\\$Manufacturing Cost&-58.35&-&58.35\\$Allocate Cost&-11.55&-11.55&-\\$Total Cost&-69.9&-73.9&-4\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26%24produce%26%24buy%26%24Differential%5C%5C%24Purchase%26-%26-62.35%26-62.35%5C%5C%24Manufacturing%20Cost%26-58.35%26-%2658.35%5C%5C%24Allocate%20Cost%26-11.55%26-11.55%26-%5C%5C%24Total%20Cost%26-69.9%26-73.9%26-4%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u></u>
<u>The manufacturing cost will be:</u>
direct material 7.70
direct labor 23.70
Overhead 38.5 x 70% = 26.95
Total manufacturing cost 58.35
Allocated cost 11.55
The purchase cost is higher than our manufacturing cost of 58.35
It is better to make the unit.
The purchase option generates a differential loss for $4
Answer:
Bilateral contract.
Explanation:
Bilateral contract: It is a legally binding contract between two or more parties, wherein each party agree to fullfil the promise made to each other.
There are four elements necessary for the existence of a bilateral contract:
- Agreement.
- Consideration.
- Intention to create legal relations.
- Certainty.
In the given case, Clay offers to pay Diane $50 for a golf lesson for Ewan, which they are fulfilling by agreeing to meet on Friday to exchange the cash for the lesson. Therefore, these parties have made a bilateral contract.
In order for a firm to earn economic profits, price must exceed average total cost.
This is A. true.
