HIGH SCHOOL

sattari [20]

You can’t sorry okonndjep

5 0

3 years ago

Products is a manufacturer of large flower pots for urban settings. The company has these standards: LOADING...(Click the icon

nadezda [96]

Answer and Explanation:

The computation is shown below:

1. The standard cost for each one is as follows

For Direct materials, it is

= 9.6 pounds × $4.55 Per pound

= $43.68

For Direct labour, it is

= 1 hour × $15.80 per hour

= $15.8

For Variable manufacturing overhead, it is

= 1 hour × $3.40 per hour

= $3.40

For Fixed Manufacturing overhead, it is

= 1 hour × $6 per hour

= $6

2. The standard cost of one flower pot is shown below:

= $43.68 + $15.80 + $3.40 + $6

= $68.88

7 0

3 years ago

Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. To this end, you are asked by the operations ma

irga5000 [103]

Answer:

Maple Leaf, Inc.

Inventory Turnover:

b. Greater than 2 but less than 3

Explanation:

a) Data and Calculations:

1) Average inventories:

Raw materials $2,500,000

Work-in-process $1,000,000

Finished goods $800,000

Total average inventory $4,300,000

Cost of goods sold = $12,000,000

Inventory Turnover = Cost of goods sold/Average Inventory

= $12,000,000/$4,300,000

= 2.79 times

2) Inventory turnover is a financial ratio that shows the number of times in a year that inventory has been sold by Maple Leaf, Inc. When it divides the number of days, say 360 days in a year, the ratio that comes out shows the number of days it takes Maple to sell its inventories.

3 0

3 years ago

Your supermarket is trying to determine how many meatloaf dinners should be produced on Monday. The Monday demand for meatloaf d

Alecsey [184]

Answer:

The recommended production quantity is that which maximizes profit.

Quantity 130

Explanation:

Quantity to produce is the problem here. Remember that this is one of the fundamental questions in the discipline of Economics.

- What to produce? - For whom to produce?

- How to produce? - In what quantity?

Possible Production Quantities:

100, 110, 120, and 130

Mean Demand = 100

Standard Deviation = 20

Lowest possible demand = 100 - 20 = 80units

Highest possible demand = 100 + 20 = 120units

* Solve, using the mean demand for each quantity level. Assume also that on every Monday, the minimum possible quantity is what is purchased. That's the safest assumption anyway.

FOR QUANTITY 100,

Revenue = 7×100 = $700 Direct cost = 2×100 = $200

Indirect cost = 0.6×20 = $12 Total cost = 200 + 12 = $212

PROFIT = 700 - 212 = $488

FOR QUANTITY 110,

Revenue = 7×110 = $770 Direct cost = 2×110 = $220

Indirect cost = 0.6×30 = $18 Total cost = 220 + 18 = $238

PROFIT = 770 - 238 = $532

FOR QUANTITY 120,

Revenue = 7×120 = $840 Direct cost = 2×120 = $240

Indirect cost = 0.6×40 = $24 Total cost = $264

PROFIT = 840 - 264 = $576

FOR QUANTITY 130,

Revenue = 7×130 = $910 Direct cost = 2×130 = $260

Indirect cost = 0.6×50 = $30 Total cost = $290

PROFIT = 910 - 290 = $620

Remember, the base assumption is that only the minimum quantity of 80units is bought each Monday. This is the only way to account for wastage; which costs 0.6 dollar per unit. So, the more the quantity produced, the greater the likelihood of wastage.

3 0

3 years ago

Explain how firms that compete in the four different market structures determine profitability.

Ira Lisetskai [31]

Price is determined by the forces of market demand and market supply. A firm sells its output at the given price. Therefore, a firm under perfect competition is a price taker, not a price maker.

Perfect competition is a form of market where there is a large number of buyers and sellers of a commodity. A homogeneous product is sold and its price is determined by the forces of supply and demand.

The elasticity of demand for the firm's demand = Infinite Because of free entry and exit, firms, in the long run, earn only normal profits (TR = TC or AR = AC). In the extra normal profits earned, new firms will join the industry. Market supply will increase. The market price will fall. Extra normal profits will be wiped out. In case of extra normal losses, some of the existing firms will leave the industry. Market supply will decrease. The market price will increase. Extra normal losses will be wiped out.

(A). Normal profits (TR = TC or AR = AC)

(B). Extra normal profits ( TR>TC or AR>AC)

(C). Extra normal losses (TR<TC or AR <AC)

In economics, a market is a system, institution, process, social relationship, or infrastructure configuration in which parties exchange ideas. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services (including labor) to buyers in exchange for money.

A market can be described as the process by which prices for goods and services are determined. Markets facilitate trade and enable the distribution and allocation of resources in society. Marketplaces allow the valuation and pricing of any tradeable item. Markets can arise more or less spontaneously or be consciously constructed by people

Learn more about the market here

brainly.com/question/25309906

#SPJ4

7 0

2 years ago