Options:
A price cap regulation _______.
a. eliminates deadweight loss
b. is often combined with a government subsidy,
c. which makes the market efficient is a price ceiling
d. sets price equal to marginal cost
Answer:
<u>c. which makes the market efficient is a price ceiling</u>
<u>Explanation:</u>
Price ceilings are usually enforced in other to maintain an efficient market. They directed mainly to sellers which restricts the price of a commodity to a maximum amount.
A good example is the price of<em> gasoline</em>, in many countries, the law mandates a maximum price gas stations can sell.
Answer:
Allocated MOH= $825
Explanation:
Giving the following information:
The company recently completed Job M800 which required 150 direct labor-hours.
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (90,000/50,000) + 3.7
Predetermined manufacturing overhead rate= $5.5 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 5.5*150
Allocated MOH= $825
Answer: is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics
Explanation:
Answer:
2,845 units
Explanation:
To find the answer you need to consider that the profit is equal to the sales minus the costs.
Let's consider that x is the number of units sold
Sales= Price per unit*number of units sold
Sales= 37x
Variable cost= Cost per unit*number of units sold
Variable cost= 11x
Fixed cost= 18,470
55,498=37x-11x-18,470
55,498+18,470=26x
73,968=26x
x=73,968/26= 2,845
According to this, the answer is that they need to sell 2,845 units to make the desired profit.
Answer:
For equipment = $430,000
For accumulated depreciation = $104,000
Explanation:
The solution of balances for equipment and accumulated depreciation is shown below:-
balances for equipment and accumulated depreciation
Particulars Equipment Accumulated depreciation
Beginning balance $390,000 $78,000
Add:
Addition $84,000 $32,000
Less:
Disposition ($44,000) ($6,000)
Balance $430,000 $104,000
