Answer:
Cost of good sold is $203,150.
Explanation:
Sheridan Company cost of goods sold section (periodic system) for the year ending August 31, 2022
Details $ $
Beginning Inventory 24,230
Purchases 200,300
Freight-In 8,530
Purchase Returns and Allowances <u> (8,210) </u>
Net purchases <u> 200,620 </u>
Cost of goods available for sales 224,850
Ending inventory <u> (21,700) </u>
Cost of good sold <u>203,150 </u>
Answer:
Option (c) is correct.
Explanation:
There are two types of externality are as follows:
(a) Positive externality
(b) Negative externality
Negative externality occurs when a third person is affected by the engagement of two parties. It means that there is a reduction in the consumption function of the third person from the production of goods by the other parties.
In our case, a firm which produces paper and from this production of paper there is an emission of Dioxin which affect the consumption of nearest persons or firms.
Therefore, a paper producing firm have to consider all the externality while calculating the total cost.
Answer and Explanation:
profit will increase to zero
.
Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.
Answer:
b. employee job satisfaction
Explanation:
Based on the information provided within the question it can be said that the employee-friendly workplace culture is most likely to increase job satisfaction. This term refers to the level at which an individual is happy or content with the job that they are doing as well as what it represents to them. Therefore the information made available helps motivate the employees which increases their mood and contentedness with their job.
Answer:
Cutting department = $52.50
Finishing department = $90.00
Explanation:
The computation of factory overhead rates under the multiple production department rate method is shown below:-
For cutting department
= Overhead cost ÷ Direct labor hour
= $315,000 ÷ 6,000
= $52.50
For Finishing department
= Overhead cost ÷ Direct labor hour
= $540,000 ÷ 6,000
= $90.00
Hence, the above are the answers and the same is to be considered