Why isn't the combination of consumer and producer surplus maximized if there is either excess demand or supply?

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp

uysha [10]

Answer:

1. 6,000

2. 7,200

Explanation:

1. Calculation to determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.

Using this formula

Ending inventory=Fixed manufacturing overhead/Units produced*Ending units

Let plug in the formula

Ending inventory=62,000/310*30

Ending inventory=6,000

Therefore how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period is 6,000

2. Preparation of an income statement for the year using variable costing.

IDA SIDHA KARYA Company Variable Costing Income Statement

Units produced cost (130+350+50=530)

Sales $254,800

(280*910)

VARIABLE EXPENSES:

Variable cost of goods sold $148,400

(280*530)

Variable selling and administrative expense $11,200

(280*40)

Contribution margin $95,200

($254,800-$148,400-$11,200)

FIXED EXPENSES:

Fixed manufacturing overhead $62,000

Fixed selling and administrative expense $26,000

Net operating income $7,200

($95,200-$62,000-$26,000)

Therefore the income statement for the year using variable costing is $7,200

5 0

3 years ago

Once a business has sold a service, it no longer needs to be concerned with customer satisfaction. True False

kobusy [5.1K]

Answer:

False

Explanation:

' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.

Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.

There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.

After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.

4 0

3 years ago

Deitz Corporation is projecting a cash balance of $30,600 in its December 31, 2019, balance sheet. Deitz’s schedule of expected

BabaBlast [244]

Answer:

<u>Cash Budget for the First Quarter.</u>

Total Receipts :

Collections From Customers $188,700

Sale of Equipment $3,060

$191,760

Total Payments :

Direct materials $43,860

Direct labor $71,400

Manufacturing overhead $35,700

Selling and administrative expenses $45,900

Purchase of securities $14,280

$210,840

Net Receipts / (Payments) ($19,080)

Opening Balance $30,600

Closing Balance $11,520

Required Balance $25,500

Loan (Shortfall) $14,250

Explanation:

A cash budget shows a future estimate of future cash incomes and cash expenditures.

4 0

4 years ago

The Targus adjustable pedestal is designed to act as an adjustable stand for computer monitors. The reseller specifically states

Likurg_2 [28]

Answer:

Express warranty.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

A warranty can be defined as a written promise or guarantee made by a manufacturer, lessor or seller about the identity or quality of goods and services or a property to a purchaser, promising him or her to repair or replace it if necessary within a specified time frame.

The Uniform Commercial Code ("UCC") posits that explicit, stated promises by a service provider or business as an express warranty.

An express warranty is typically considered to be an affirmative promise about the quality or characteristics of an item that is being sold to a buyer and as such it is binding and enforceable by law.

In this scenario, the Targus adjustable pedestal is designed to act as an adjustable stand for computer monitors. The reseller specifically states that the stand holds up to 100 pounds. This is an example of an express warranty.

3 0

3 years ago

Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $380 and

djverab [1.8K]

Complete question:

Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $380 and the collection period is 45 days. What are collections for the first quarter?

Quater: Q1 Q2 Q3 Q4

Sales : $675, $730, $815, $1,080

Answer:

$717.50

Explanation:

Given:

Accounts receivable at the beginning of the year = $380

Collection period = 45 days

Required:

Find the collections for the first quarter.

To find the collections for the first quarter, use the formula below:

First quarter collections = =Account receiveble opening balance to be recoverd in 45 days + [1st quarter sales /90*45]

$= 380 + (\frac{675}{90} *45)$

$= 380 + 337.5$

$= 717.50$

Collections for first quarter = $717.50

6 0

3 years ago