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3 years ago

The basic economic problem results from not having enough resources to satisfy every need. a. True b. False

Business

1 answer:

o-na [289]3 years ago

7 0

Answer:

True

Explanation:

Because the less product means less sales and less happy people. Hope this helps.

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Will the fact that the euro has become the standard currency in the EU help or hinder a new McDonald's franchise in Europe?

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2 years ago

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How did the government help the economy?

melomori [17]

The government helped the economy by preventing monopolies that way small independent buissness could survive.

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3 years ago

Clear Colors Corporation uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs.

belka [17]

Answer:

b. $ 2,000 overapplied

Explanation:

Firstly, we need to determine the predetermined overhead rate based on direct labor costs.

Estimated total manufacturing Overhead $ 350,000

Estimated direct labour costs $ 200,000

Predetermined overhead rate $ 350,000 / $ 200,000 $ 1.75 per $ of direct labour costs.

The total manufacturing overhead applied on direct labor costs of $ 208,000, is:

$ 208,000 * $ 1.75  $ 364,000

Actual overhead costs incurred $ 362,000

Manufacturing overhead over applied $ 2,000

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3 years ago

Fern Corporation manufacturers a single product that has a selling price of $15.00 per unit. Fixed expenses total $51,000 per ye

Natali [406]

Answer:

11,000

Explanation:

The breakeven point is the number of units that must be sold such that the total sales becomes equal to the total cost. The total cost is made of the fixed and variable cost.

Given

selling price = $15.00 per unit

Fixed expenses total = $51,000 per year

Breakeven units = 8500

let the variable cost per unit be y

15(8500) = 8500y + 51000

8500y = 127500 - 51000

y = 76500 /8500

y = $9

To make a profit of $15,000, let required sales unit be T

15T - (51000 + 9T) = 15000

6T = 15000 + 51000

6T = 66000

T = 11,000

To make a profit of $15,000, sales in unit must be 11,000

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3 years ago

How to solve marginal product

scoundrel [369]

Explanation:

The marginal product formula is the change in quantity (Q) of items produced divided by the change in one unit of labor (L) added (change in Q divided by change in L). The denominator in this equation is always one because the formula is based on each one unit of increase in labor.

hope this helps

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2 years ago

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