Answer:
A. is a group of firms acting together to limit output, raise the price, and increase economic profit
Explanation:
The cartel will exist in the <u>oligopolistic market.</u> It is the union of firms to set the market rules. The firms collude in the oligopolistic market, they do not compete. They cooperate and, cut market shares for each one based on geography, age, gender or any other factor.
The cartel <u>fixes the product price and, the amount produced</u> to achieve, the maximum gain possible.
<u>It's not a free-market. </u>
Answer:
a) Materials = 21240
b) Conversion Costs = 20532
Explanation:
(a) Material.
For finding equivalent units = Units transferred out totaled + equivalent units = 20060 + 1180 = 21240
Since, ending work in process was 100% complete
(b) Conversion Costs
For finding equivalent units = 20060 + (1180*0.4) = 20532
Now, the ending work in process is 40% complete
Here, materials and conversion are calculated separately to get the measure of productions from both perspectives. i.e. materials and conversion.
Equivalent units are calculated to have estimate of how many product are being prepared in the process and their expected quantity.
The cost object of the plantwide overhead rate method is the unit of product.
<h3>Plantwide Overhead Rate Method</h3>
- When a business allocates all of its manufacturing overhead expenses to products or cost items, it does so using a single overhead rate known as the plantwide overhead rate.
- In smaller organizations with straightforward cost structures, it is most frequently used.
- Instead of using a single plantwide overhead rate, the usual business uses a limited number of cost pools that are each allocated with a variable overhead rate.
- While doing so increases the amount of time needed to close the books, it also increases the accuracy of overhead allocation.
- As a result, there is a trade-off between the increased financial statement accuracy brought on by the additional accounting work required to track and distribute numerous cost pools.
To learn more about the Plantwide Overhead Rate Method refer to:
brainly.com/question/17009083
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IRS - Internal Revenue Service/Federal Government.
Answer: a) discourage news coverage of the event.
Explanation:
Act quickly in extreme situations. By discouraging news coverage of the event, Let your customers know that you are aware of the present situation and you are doing everything possible to resolve the issue as soon as possible.
You can also talk to publishers to remove negative content. Do not censor bloggers as this would raise red flags, which would make matters worse. Instead, try and see reasons with them why publishing such slanderous and unfounded comments are not healthy for your business.