Answer:
1. There are 2,600 units in ending inventory.
2. Costs per unit under absorption costing $ 123
3.Value of ending inventory $ 319,800
Explanation:
Calculation of Ending inventory units.
Ending Inventory Units : Opening Units + Units produced - units sold
300 + 15,000 - 12700 = 2,600 units
Calculation of per unit cost under absorption costing
Under absorption costing, direct manufacturing costs as well as indirect factory overheads are considered.
Per units costs
Direct Materials $ 20
Direct Labour $ 60
Variable overhead $ 13
Fixed Overhead $ 30
Total costs per unit $ 123 under absorption costing
Calculation of ending inventory under absorption costing
The ending inventory calculated earlier of 2.600 units is multiplied by the per unit costs of $ 123 per unit to get the value of the ending inventory
$123 * 2600 units = $ 319,800
8.35=8
Any decimal point below 5 is rounded down; above 5 is rounded up
Ex: 10.6=11
Hope this helps!
Answer:
A) the demand for peanuts is inelastic
Explanation:
Since in the question it is given that the price of peanuts is fall fro $3 to $2 per bushel which shows the decreased in price while at the same time the revenue received is also decreased from $16 to $14 that results in demand for peanuts is inelastic
As we know that
Inelastic = When elasticity is less than one
So in the given case since the price and revenue received is decrease therefore the demand is inelastic
Answer:
b. sustainable supply chain management
Explanation:
In this case, it is correct to state that Craft Brewery Inc. is practicing sustainable supply chain management.
This is a practice that is beneficial to the company because it reduces production costs by recycling and reusing beverage bottles and also encourages consumers to adopt good environmental preservation actions.
Sustainability is an increasingly growing issue in society, and consumers are increasingly willing to consume from companies that adopt strict standards of environmental protection, therefore the strategy of Craft Brewery inc. it will increase employee perception and satisfaction, making the company more positioned in the market.
Answer:
True
Explanation:
When wage is above equilibrium wage, there would be excess of supply over demand. The quantity of labour demanded would rise.
The rise in wages would increase the cost of hiring labour. In order to maximise profit, the quantity of labour demanded would fall. This would increase unemployment.
I hope my answer helps you.