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3 years ago

Sellers may choose not to sell in certain markets if:

Business

1 answer:

vredina [299]3 years ago

3 0

Answer:

the social cost of production exceeds the private cost of production.

Explanation:

The cost of natural resources for which the firms are not required to pay, for example, river, lake, atmosphere, etc. The use of public utility services such as roadways, drainage systems, etc. The cost of 'disutility' created through pollution (air, water, noise, environment).

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Bavarian Chocolate Company processes chocolate into candy bars. The process begins by placing direct materials (raw chocolate, m

DanielleElmas [232]

Answer:

Bavarian Chocolate Company

Blending Department

1. Cost of Production Report:

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

(See the workings of this report below.)

2. Change in direct materials cost per equivalent unit

Increase or Decrease

Materials Conversion

September $16.50 $6.005

October $16.51 $5.99

Amount $0.01 $0.015

Increase Decrease

Explanation:

a) Data and Calculations:

partial work in process account of the Blending Department at October 31, 2014:

Date Item Debit Credit Balance

Oct.1 Bal., 2,300 units, 3/5 completed 46,368

31 Direct materials, 26,000 units 429,000 475,368

31 Direct labor 100,560 575,928

31 Factory overhead 48,480 624,408

31 Goods transferred, 25,700 units 578,378 46,030

31 Bal., 2,600 units, 1/5 completed 46,030

Ending units in process:

Beginning units in process 2,300

Direct materials 26,000

Units available for production 28,300

Units transferred out 25,700

Ending units in process 2,600

Equivalent units of production: Materials Conversion

Units started and completed = 25,700 25,700 25,700

Ending WIP 2,600 2,600 520 (1/5 * 2,600)

Equivalent units produced 28,300 26,220

Cost per unit of direct materials = $429,000/26,000 = $16.50

Cost of production: Materials Conversion Total

Beginning WIP $37,950 $8,418 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $466,950 $157,458 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $466,950 $157,458

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.50 $6.005

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,050 $154,328 $578,378

Ending WIP (2,600/520) 42,900 3,130 46,030

Total $466,950 $157,458 $624,408

2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October.

Cost of production: Materials Conversion Total

Beginning WIP $38,295 $8,073 $46,368

Direct materials, 26,000 units 429,000 149,040 578,040

Total cost or production $467,295 $157,113 $624,408

Cost per equivalent unit: Materials Conversion

Total cost or production $467,295 $157,113

Equivalent units produced 28,300 26,220

Cost per equivalent unit $16.51 $5.99

Assignment of cost to units completed and ending WIP:

Materials Conversion Total

Units transferred out (25,700) $424,307 $153,943 $578,250

Ending WIP (2,600/520) 42,926 3,115 46,041

Total $467,233 $157,058 $624,291

5 0

3 years ago

Strategic planning is the managerial process of creating and maintaining a fit between the organization's objectives and resourc

Thepotemich [5.8K]

Answer:

TRUE

Explanation:

Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.

To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.

7 0

2 years ago

Fadia Ammunition Inc., a firm controlled and managed by the government of Fadia, is the only company that has the license to pro

Leto [7]

Answer:

C. Monopoly

Explanation:

Monopoly is when their is a single seller selling a unique product. Fadia is the only company that has the license to produce defense arms in the country. (defense arms is a unique product)

5 0

3 years ago

A single-lane bridge connects village A to village B. Farmers in the two villages use this bridge to deliver their products to t

Nookie1986 [14]

Answer:

Answer: Main Java

Explanation:

code:

Main.java

import java.lang.InterruptedException;

import java.lang.Thread;

import java.util.Random;

public class Main {

final private static int FARMERS = 10;

public static void main(String[] args) {

Bridge bridge = new Bridge();

Random r = new Random();

System.out.println("Running with " + FARMERS + " farmers...");

// Enter a bunch of farmers from different directions.

for (int i = 0; i < FARMERS; i++) {

Farmer farmer;

if (r.nextBoolean()) {

farmer = new SouthBoundFarmer(bridge);

} else {

farmer = new NorthBoundFarmer(bridge);

}

cross(farmer);

}

private static void cross(Farmer f) {

new Thread(f).start();

}

SouthBoundFarmer.java

public class SouthBoundFarmer extends Farmer {

public SouthBoundFarmer(Bridge b) {

super(b);

this.name = "South";

}

Farmer.java

import java.lang.InterruptedException;

import java.util.Random;

public class Farmer implements Runnable {

private Bridge bridge;

private Random random;

protected String name;

public Farmer(Bridge b) {

this.bridge = b;

this.random = new Random();

}

public void crossBridge(Bridge bridge) {

System.out.println("[" + this.name + "] Waiting to enter bridge...");

try {

bridge.enter();

System.out.println("[" + this.name + "] Entering bridge...");

// Crossing bridge...some farmers are fast, others are slow :P

Thread.sleep(1000 + random.nextInt(9000));

System.out.println("[" + this.name + "] Leaving bridge...");

} catch (InterruptedException e) {

System.out.println("...Interrupted!");

} finally {

bridge.leave();

}

public void run() {

this.crossBridge(this.bridge);

}

5 0

3 years ago

Nancy returns to school to study medicine. After graduating during an economic boom, she spends six months looking for a job. Du

cricket20 [7]

During this period, she is considered : Frictionally unemployed

What is Frictionally unemployed?

Transitions in employment that are voluntary within an economy lead to frictional unemployment. Even in an expanding, stable economy, frictional unemployment is a given. Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.

In the economy, there is always some frictional unemployment. It is a portion of natural unemployment, which is the lowest unemployment rate in an economy as a result of economic factors and labor movement, and it affects the overall employment picture. The amount of employees who are unemployed by choice is also reflected in natural unemployment.

Learn more about Frictionally unemployed with the help of given link:-

brainly.com/question/15629016

#SPJ4

6 0

1 year ago